NAB's term funding costs 70 points above average 08 February 2012 5:21PM National Australia Bank paid 70 basis points more for term funding during the December quarter than its average cost of term funding, as funding costs rose. read more
Macquarie's new earnings driver: lending 08 February 2012 5:20PM Macquarie Group's business lending and leasing division, Corporate and Asset Finance, will be one of only two of the group's six divisions to report an increased profit contribution when Macquarie r.. read more
Risk-averse Australian businesses tighten credit terms 08 February 2012 5:17PM Fewer Australian companies are now prepared to offer credit terms to trading partners as they become more risk-averse. read more
Australian banking system "more exposed" says Moody's 07 February 2012 5:34PM The Australian banking system is among those most exposed to fallout from the euro area, ratings agency Moody's said yesterday. read more
Bandt to push for compulsory tracker mortgages 07 February 2012 5:17PM Greens MP Adam Bandt plans to amend his banking bill to require banks to offer mortgages that pass on any Reserve Bank rate cut in full. read more
Australia's sovereign risk rating holds up 07 February 2012 5:13PM Australia rated eighth among 44 countries surveyed in the latest BlackRock Sovereign Risk Index released yesterday. read more
EFIC review highlights banks' shortcomings in export finance 07 February 2012 5:06PM The Productivity Commission is putting the finishing touches to a draft report on the Export Finance and Insurance Corporation that is due for release in the next week or two. But one thing is alrea.. read more
Interim forecasts 06 February 2012 5:34PM Analysts are expecting those banks reporting December-half interim results - Commonwealth Bank and Bendigo & Adelaide Bank - to report subdued earnings growth. read more
What's keeping bankers awake at night 06 February 2012 5:32PM Australian bankers have different worries to those overseas: concerns about political interference; their dependence on technology, and trends in emerging economies, particularly China. read more
January mortgage sales slump right on schedule 03 February 2012 5:41PM Mortgage aggregator AFG reported yesterday that January volumes were down 15 per cent on December's and 37 per cent on November's sales - its peak month for 2011. But January is usually a slow month.. read more