Banks make smooth transition to LCR

ANZ and Westpac have had no trouble meeting their obligations under new liquidity coverage ratio rules, with both banks reporting ratios in excess of the minimum requirement. However, the new rule is.. read more

CBA pockets five basis points

Commonwealth Bank will only pass on 20 basis points of the Reserve Bank's 25 bps reduction in the cash rate. CBA announced yesterday that from May 13 its standard variable rate would fall to 5.45 per.. read more

Westpac brings back the discounted DRP

Westpac has launched a major capital management initiative aimed at boosting its capital ratio - but analysts at yesterday's half-year results briefing questioned whether the bank was doing enough to.. read more

Westpac tightens mortgage underwriting

Westpac has raised its loan serviceability hurdle, increasing the minimum assessment rate 30 basis points from 6.8 per cent to 7.1 per cent, as part of a move to tighten its mortgage underwriting. read more

Westpac results at a glance

Westpac reported a net profit of A$3.6 billion for the six months to March - a fall of 0.4 per cent from the previous corresponding period. read more