Foreign exchange an increasingly competitive niche 10 November 2011 5:57PM The strength of the Australian dollar over the past couple of years has made foreign exchange a more mainstream part of retail and small business banking. Banks report that their customers are inqui.. read more
Deposit-takers hold their fire on rate changes 09 November 2011 5:41PM While lenders were quick to pass on the 25 basis point reduction in the cash rate last week, only a small number of deposit-takers have changed their at-call savings account rates. read more
Credit Corp upgrades earnings forecast 09 November 2011 5:35PM Receivables manager Credit Corp issued revised earnings guidance yesterday, with a forecast that net profit for the 2011/12 financial year would be between A$23 million and $25 million. read more
Hardship applications to be open to all borrowers 08 November 2011 5:51PM When the Parliamentary Joint Committee on Corporations and Financial Services hands down the report of its inquiry into the consumer credit bill on Thursday, the industry will focus its attention on.. read more
Term deposit structure under review 07 November 2011 6:16PM Financial institutions planning changes to the structure of their term-deposit products to meet Basel III liquidity rules are now faced with further changes, to accommodate ASIC's requirements for r.. read more
Analysts see little upside in the year ahead 07 November 2011 6:05PM Sell-side analysts have highlighted disappointing second-half results in their wrap-ups of the big banks' 2010/11 financial reports, and they question where the growth will come from in the year ahea.. read more
NAB: the big results season improver 04 November 2011 6:00PM National Australia Bank has won the race for best performer in the 2010/11 annual bank results, based simply on the improvement in its key indicators, with ANZ running second. read more
ANZ results at a glance 04 November 2011 5:58PM ANZ reported a net profit of A$5.3 billion for the year to September - an increase of 19 per cent over the previous year. The bank's preferred measure, underlying profit, was up 12 per cent to $5.6.. read more
NAB takes a gamble with 20 basis point cut 03 November 2011 6:08PM National Australia Bank's decision to pass on to home loan borrowers only 20 basis points of the Reserve Bank's 25 basis point cash rate reduction reflects the bank's growth plans. NAB is gambling t.. read more
Westpac results at a glance 03 November 2011 6:04PM Westpac reported a net profit of A$6.9 billion for the year to September - up 10 per cent on the 2009/10 result. The bank's preferred profit measure, cash earnings, was up seven per cent to $6.3 bil.. read more