RBA liquidity facility drawings 'routine' 19 August 2013 4:54PM Use of the planned committed liquidity facility being established by the Reserve Bank of Australia will be "routine" and relatively inexpensive for banks, says the RBA. read more
Trade and FX shape ANZ margins 19 August 2013 4:53PM The changing shape of ANZ's institutional lending business was a prominent theme in the bank's third quarter trading update published on Friday, with a planned "de-risking" translating as a route to.. read more
Liddy legacy adds up at BOQ 16 August 2013 4:36PM Another operational blunder at the Bank of Queensland will cost the bank A$46 million to remedy, or about one month's profit. read more
Cash profit a Bell of a mess 15 August 2013 4:32PM Commonwealth Bank has stretched credibility concerning its full-year cash profit - said to be A$7.82 billion - by omitting a large A$45 million loss on a loan made to one of its most notorious borro.. read more
Finance firms crash and burn 14 August 2013 4:55PM The Australian Bureau of Statistics has produced a fresh set of data on business entries and exits, which provides a new view of the success of finance firms. The latest count found that new entrant.. read more
Insurable deposits less than estimated 14 August 2013 4:54PM Less than one third of the deposit base held by Australian banks will be subject to the deposit insurance scheme proposed by the Federal Government. New estimates released by Treasury yesterday put.. read more
S&P expects banks to cope with a Chinese burn 14 August 2013 4:52PM A hard landing in China while bruising for banks may have only a muted effect on their credit ratings, Standard & Poor's concluded in an analysis released yesterday. read more
Gippsland on borrowed time 14 August 2013 4:51PM Gippsland Secured Investments has one more week to raise the necessary cash to avoid the appointment of receivers - half the extra time the debenture issuer was seeking. read more
Levitt and Macquarie must re-negotiate Storm settlement 13 August 2013 4:37PM Macquarie Bank will have to negotiate a fresh carve-up of the A$82.5 million offered in settlement of a long-running wrangle with investors who were advised by Storm Financial and funded by Macquari.. read more
Business loan supply swells 13 August 2013 4:32PM Demand indicators on the lending side are not all bad. The ABS reports that the value of commercial finance commitments increased 11.5 per cent in June 2013, following a rise of 3.4 per cent in May.. read more