CUBS get seal of approval

Australia's credit unions have the opportunity to reinvigorate both their consumer and industry brand reputation as the Federal Government embarks on an effort to revitalise the competitive position.. read more

Risk margins seem high to Treasury

Treasury Secretary Ken Henry yesterday highlighted the elevated risk-margin component of banks' profit margins and suggested that this was one driver of the rise in interest margins over recent years. read more

Live with G20, Henry advises

Implementation of the G20-driven round of global banking reforms "will enhance the stability of the Australian banking system and reinforce Australia's already robust financial regulatory environmen.. read more

Banks will miss resources growth wave

An all-time high for investment features in the Reserve Bank of Australia's forecasts for "the period ahead". However, the banks can't expect to fund much of this growth, says the RBA. read more

Wholesale funding level agreed

The minor debate over the level of banks' spreads became clearer yesterday, with Treasury Secretary Ken Henry putting the spread "at around 120 basis points". read more

Profit target likely to elude Norris

Ralph Norris, chief executive of Commonwealth Bank, put the likelihood that the bank will achieve the profit target to earn his maximum bonus at less than 50 per cent. read more