Westpac's special dividend misdirected

Westpac will have paid out 86 per cent of this year's profit as a dividend, thanks to a second "special dividend" of 10 cents for the year from the bank in the second half. read more

Macquarie adopts short-term bias

"Further improvement" is needed by banks on liquidity management, in the view of the prudential regulator. Given this, it's of interest to survey disclosures from three banks during last week's prof.. read more

Five per cent leverage for Macquarie

Macquarie Bank estimates its leverage ratio at 5.5 per cent at September 2013. It is the first bank to publish this estimate on a capital measure - which has a three per cent minimum - that banks mu.. read more

D-SIB standard to be made clear

The Australian Prudential Regulation Authority said it would publish "the key elements of its methodology" for assessing domestic systemically important banks, or D-SIBs, by the end of the year. read more

Acceptable UK returns elude NAB

Eighteen months ago National Australia Bank opted for a restructure of its UK banking arm that David Thorburn, the UK chief executive said "will reduce the risk profile of the business and deliver ret.. read more

Credit licensing compliance checked

Word on the need for a credit licence is still filtering through to lenders and brokers, more than three years after the policy became law. The annual review of the Australian Securities and Investm.. read more

Planned profits suit ANZ

ANZ hit many financial targets and provided a robust defence of the progress of its strategy in Asia in its annual profit announcement, which was released yesterday. It is a result that defies the.. read more

'Asian ROE as high as 25 per cent'

Scepticism over the level and sustainability ANZ's returns from its operations is a long-running theme of this newsletter's coverage of the bank, and a view beginning to find an airing among influen.. read more