Banks still lag in fund returns 20 June 2014 3:57PM Super funds operated by the big banks still trail the industry leaders in generating a passable crediting rate on managed funds. read more
JB Were profit only $10m 19 June 2014 3:52PM JB Were had "revenue of approximately A$150 million and costs of approximately $140 million in 2013", Paul Heath, a former CEO of JB Were, disclosed in evidence to the Fair Work Commission. read more
JB Were exists for the 'enrichment of its advisors' 19 June 2014 3:50PM The National Australia Bank executive responsible for its wealth arm holds an extremely negative view of an influential advisory business for which he is responsible, according to claims made in a FWC.. read more
Investment banks cited in Newcrest sanction 19 June 2014 3:49PM Equity analysts at Bank of America Merrill Lynch and Credit Suisse were the first to benefit from controversial guidance from gold mining company Newcrest in 2013. read more
Cashcard, ACCC to give ATM deal 10 more years 19 June 2014 3:48PM An application by Cashcard to continue an agreement with three credit unions and two banks not to charge each other's cardholders a fee for transactions at their respective ATMs for ten years has been.. read more
CEFC saved a second time 19 June 2014 3:48PM The Clean Energy Finance Corporation will remain in business a little longer yet, after the Senate voted down a bill to abolish the financier yesterday. read more
Asian banks making their mark in the local credit market 18 June 2014 3:54PM Business credit extended by Japanese and Chinese banks operating in Australia increased "considerably faster" than the rest of the market, the Reserve Bank of Australia said in the minutes of its 3 Ju.. read more
Asset quality and ratings stable for majors 18 June 2014 3:54PM Bad debt charges "are likely to rise from cyclical lows," Fitch Ratings said in a review of Australia's major banks. read more
Advantage covereds 17 June 2014 3:36PM Australian covered bonds might ride the waves of European industry activism and gain the status of an advantaged credit investment. read more
Westpac amplifies risks from bank tax 16 June 2014 3:53PM Westpac deputy chief executive Phil Coffey says charging big banks for any funding benefit they enjoy from the Government would only accentuate "systemic risks". read more