Custodians need more capital

Banks that provide asset "custody" as part of an investment services business will have to meet new financial requirements outlined by ASIC. read more

PR Finance takeover delayed

PR Finance Group's failure to prepare full accounts for the 2012 financial year has forced a delay in the takeover of the troubled firm by Keybridge Capital. read more

All set for bank failure

Banks are expected to have plans in place to ensure account holders can be reimbursed within seven days in the event of a bank failure. Accordingly, APRA has released a new prudential standard intend.. read more

Short-term wholesale flows OK

Banks have satisfactory access to the short-term debt market for now, even as wobbles in emerging markets unsettle financial markets generally. read more

Wide Bay stretches lending targets

A diversification into personal loans and commercial loans by Wide Bay Australia is among the elements of the "higher-risk strategy" cited by Standard & Poor's last week as grounds for a cut in.. read more