Australian bank profits take a fall in 2016 08 November 2016 5:47PM Margins are under control but costs and bad debt charges were much higher at major banks over the last year. The era of 'world leading' profits for Australian banks has passed. read more
ANZ resets IT leadership once more 08 November 2016 5:44PM The wheels spin once more on a refresh of ANZ's IT management team. CIO Scott Collary is out the door, replaced by Gerard Florian from Dimension Data. read more
Customer resolution a focus of ANZ redundancies 07 November 2016 4:41PM At least 30 jobs - and maybe five times as many - will be chopped in sensitive areas at ANZ. read more
Half-hearted cash rate cut exploited by lenders 07 November 2016 4:37PM "Around half" of August's cash rate reduction has made it through to advertised housing lending rates and business lending rates, the RBA observed in its quarterly Statement on Monetary Policy. read more
ANZ's institutional business generating capital 04 November 2016 5:10PM ANZ's institutional banking business has been transformed from one "that consumes capital to one that generates capital". Even so, returns from institutional banking took a turn for the worse over the.. read more
CEFC misses 'unrealistic' mandated return 02 November 2016 5:11PM The Clean Energy Finance Corp missed its mandated investment return by a wide margin over the year to June 2016, producing a yield of 4.65 per cent. CEFC's yield had fallen for a second year in a row. read more
Comment: Junk endures amid ANZ Asia reset 01 November 2016 5:36PM <!-- /* Font Definitions */ @font-face {font-family:Calibri; panose-1:2 15 5 2 2 2 4 3 2 4; mso-font-charset:0; mso-generic-font-family:auto; mso-font-pitch:variable; mso-font-signature.. read more
ThinCats rations lending and hunts 'significant capital' 31 October 2016 4:53PM ThinCats, a peer to peer lender, has its eyes on a "significant capital raising" in 2017. But for now ThinCats is rationing new lending. read more
ANZ slings profit into the blender 31 October 2016 4:49PM A provision to cover the cost of firing more staff and a more "modern" method of valuing derivatives are two features in a last minute profit warning from ANZ. read more
Westpac steps up branch closures 31 October 2016 4:46PM Westpac will chop 86 roles from different parts of its business and close five more branches, taking recent closures to around 40. read more