Wealth management growth 12 to 18 months away 28 October 2011 6:12PM Volatile equity markets hit National Australia Bank's wealth management businesses, MLC and NAB Wealth, which suffered a 12.5 per cent fall in cash earnings to $533 million. The fall in the second h.. read more
Topsy-turvy reputations 27 October 2011 5:30PM Two reputation studies released this week both show a marked gap between banks' reputations with their own customers and their reputations in the broader community. read more
Commonwealth Financial Planning must clean house 27 October 2011 5:26PM A Commonwealth Bank subsidiary, Commonwealth Financial Planning Ltd, must review its risk management system and regulatory compliance following complaints about the advice given by some of its plann.. read more
Living wills not just for big banks 26 October 2011 5:40PM The Australian Prudential Regulation Authority will require small approved deposit-taking institutions and insurance companies to develop living wills. The regulator has been working on its living w.. read more
Time for policymakers to expand business funding markets 26 October 2011 5:38PM The contraction of the commercial banking market that will result from tighter banking rules makes it imperative that stakeholders in the financial markets get behind the development of a viable Aus.. read more
CBA will retain Count Financial brand 25 October 2011 5:54PM Commonwealth Bank has given a commitment to operate the Count Financial business on a stand-alone basis, under its current brand, if it wins Count shareholder approval for its proposed acquisition o.. read more
The banking growth cycle may be ending 24 October 2011 6:01PM Investors can look forward to reports of earnings growth of between 10 and 20 per cent from three of the big four banks reporting their 2010/11 financial results over the next two weeks. But the out.. read more
Payday lenders say more regulation premature 24 October 2011 5:51PM Payday lenders have urged the Government to get a measure of the impact of responsible lending rules and other aspects of the national consumer credit regime before imposing more restrictions on the.. read more
Fee-free overseas banking the new frontier 21 October 2011 5:33PM Bankers who thought there was no mileage left in marketing fee-free transaction accounts will be watching to see how Citibank fares with the revamp of its Citibank Plus Transaction Account. read more
Consumer credit insurance cross-sell still crook 20 October 2011 5:42PM The Australian Securities and Investments Commission has told financial institutions selling consumer credit insurance that it wants better product disclosure, a more transparent sales process and a.. read more