VTMB - from $480 to $2 billion 09 October 2014 5:29PM Assets of Victorian Teachers - a mutual bank - were A$480 in 1972. In 2015 they may pass $2 billion, Jonathan Hutchins, chair of the bank, wrote in the VTMB annual review for 2014. read more
Kiwis take flight on world bond stage 09 October 2014 5:27PM New Zealand government bond yields will work their way up from "around 4.1 per cent currently to levels closer to five per cent in the months ahead", Stephen Halmarick, economist at Colonial First Sta.. read more
No change to the cash rate but plenty of movement in the mortgage market 08 October 2014 4:48PM Interest rates "are very low and have continued to edge lower over recent months as competition to lend has increased," the Reserve Bank of Australia noted yesterday in the statement after its monthly.. read more
Mutual banking: COBA says more should be able to use the 'bank' brand 07 October 2014 4:54PM Too few consumers know what an authorised deposit-taking institution is, which is a handbrake to small financial institutions handicapped by the term. read more
Australia in line on Basel III 07 October 2014 4:51PM The majority of markets assessed by the Basel Committee on Banking Supervision are at a similar stage to Australia in the adoption of the Basel regulatory framework, the BCBS said on Friday. read more
High margin PayPal let loose by eBay 06 October 2014 4:43PM eBay will spin out its PayPal business into an independent, publicly-traded company in the second half of next year. read more
Dual track for NAB US bank sale 06 October 2014 4:42PM The milestones for an initial public offer of NAB's Great Western Bank continue to be met, even as NAB considers an offer from a trade buyer. read more
Trade buyer takes to NAB US banking runt 03 October 2014 4:24PM Great Western Bank in the United Sates will be sold by way of trade sale, sparing NAB a drawn out share sale via the IPO route. read more
Apologies for yesterday's NAB article 03 October 2014 4:23PM A complete mash up by the Banking Day team. The intended article runs today. read more
Aussie banks spared rough treatment on hybrid ratings 03 October 2014 4:14PM A host of Asian banks have had credit ratings lowered on hybrid capital instruments, Australian banks among them. read more