Little need for banks to borrow, says RBA

Banks are likely to continue with little net debt issuance in the short to medium term, only selling enough wholesale debt to replace maturing liabilities, Reserve Bank assistant governor Guy Debelle.. read more

Amex fires back at rival schemes

Individual scheme shares of the credit and debit card sectors should be published by the Reserve Bank of Australia, American Express has proposed in a second submission to the Financial System Inquiry.. read more

CBA chair mulls growth options

David Turner, chair of the board of Commonwealth Bank, has declared his supported the four pillars policy that prevents mergers between the big major banks. read more

Wealthy misguided on home values

The wealthiest and most indebted households are more likely to overestimate the value of their homes, analysis by staff of the Reserve Bank of Australia has found. read more

Clydesdale explains UK provisions

The review by Clydesdale Bank of interest rate hedging products is "significantly further advanced" than its review of tailored business loans, NAB's UK subsidiary disclosed in its half-year financial.. read more

Rudd spells out GFC advice

A crucial piece of eye-witness history on Australia's brush with the global financial crisis features in the witness statement by former prime minister, Kevin Rudd, to the Royal Commission into the Ho.. read more

Eftpos hub begins testing

Eftpos Australia says it has passed some milestones in the build of its new hub with two members now connected and testing expected to begin soon. read more

Treasury bond issuance will reduce

Treasury bond issuance in 2014/15 is expected to be around A$63 billion, the Australian Office of Financial Management said yesterday. This is down from the approximately $80 billion, in face value te.. read more

Budget cuts won't restrain need to borrow

The supply of Commonwealth government bonds will be barely affected by last night's Budget. The face value of Commonwealth bonds on issue during 2014/15 is forecast to remain at around A$360 billion,.. read more

GE picks new president

Geoff Culbert will take over as president and chief executive of GE Australia & New Zealand, replacing Steve Sargent. read more