NAB contract flaky for Genworth 20 February 2015 4:45PM The National Australia Bank's contract with Genworth Australia to provide lenders mortgage insurance for the bank's Homeside Lending division is up for review in September 2015. read more
Comment: Investors warned on Westpac in Genworth IPO 20 February 2015 4:44PM It's easy - with the benefit of hindsight - to have predicted the "surprise " move by Westpac to remove its reinsurance business, along with the lenders mortgage insurance provided to its subsid.. read more
World insurance market open to Aussie mortgage risk 19 February 2015 4:42PM A vibrant flow of premium income over high risk home loans is being farmed out by Westpac to the international reinsurance market. read more
December quarter complex for ANZ 18 February 2015 5:12PM A decent rise in pre-provision profit failed to lift the bottom line for ANZ over the December 2014 quarter, with net profit flat at A$1.65 billion compared with one year ago. read more
Credit and capital in harmony for ANZ 18 February 2015 5:11PM The current economic environment was "a good place for bank credit quality " and ANZ would "see the benefits of that for some time to come," the bank's chief financial officer, Shayne Elliott, told it.. read more
Greek banks a critical issue, says RBA 18 February 2015 5:10PM A "critical issue in the near term was not so much the obligations of the Greek Government but rather the funding of Greek banks," the Reserve Bank of Australia said in the minutes of its February mon.. read more
RBA ponders 'acceptable' loan growth 18 February 2015 5:09PM The banking sector's ride on the investment lending wave is a top topic for the Reserve Bank of Australia. read more
Confidence conundrum traps Bendigo 17 February 2015 4:51PM A second bank chief executive has highlighted adverse trends in consumer confidence as an impediment to realising business goals and driving growth in earnings. read more
Bendigo hugs credit unions close 17 February 2015 4:50PM Bendigo and Adelaide Bank is winning large chunks of business from mutual ADIs, with 17 credit unions shifting wholesale funding needs away from Cuscal (a long standing provider) to the bank. read more
ANZ staff reject EBA 17 February 2015 4:49PM ANZ employees rejected an enterprise agreement proposal by a margin of two to one, the Finance Sector Union said yesterday. read more