Development finance and floods hurt Suncorp

Further strife concerning loans to property developers in New South Wales and a rise in arrears in the flood-affected areas of its home state of Queensland have eroded credit quality at Suncorp Bank.. read more

Kinghorn sells out of RHG

John Kinghorn, the founder and still chair of the board of RHG, has this week sold all his 11.6 per cent take in the company in an on-market sale. read more

Back in black at Amex and Diners

Receivables declined for American Express and Diners Club in the 2010 financial year, a sign of caution on the part of their mostly corporate client base and of the two charge card financiers themse.. read more

Aussie bonds gimmick ditched

Vague plans announced in 2009 for the revival of 1970s' and 1980s' style "Aussie bonds" aimed at retail investors have effectively been ditched, budget papers for the Australian Government show. read more

Rabo returns stable in 2010

Rabobank Australia and New Zealand says it recorded an increase in net profit of 13 per cent, to A$183 million, in the year to December 2010. Assets increased 11 per cent, to $32 billion. read more

Yield acceptable on Community Banks

Ten per cent of the Community Bank branches operated by associates of Bendigo and Adelaide Bank are in negative equity, the bank's chief financial officer, Richard Fennell, told a Macquarie Equities.. read more