Basel Committee says Australia is on track 16 April 2013 4:08PM Fourteen countries have put the final Basel III-based capital regulations in place, a report released by the Basel Committee on Banking Supervision yesterday shows. read more
RBA reluctant to pay dividend 12 April 2013 4:01PM Some of the tension between the Reserve Bank of Australia and the Treasurer over the ability of the RBA to pay dividends is aired in documents released by the RBA under the Freedom of Information l.. read more
Big bank mergers bad for financial stability, says Swan 11 April 2013 4:31PM Any mergers between Australia's major banks would not be prudent, the treasurer, Wayne Swan, told an industry conference yesterday. read more
Bill Express CFO jailed 11 April 2013 4:27PM The Victorian Court of Appeal yesterday sentenced Peter Couper, the former chief financial officer of the parent company of Bill Express, to 22 months in jail (to be released after 60 days) and fine.. read more
More capital data needed in pillar 3 reports 10 April 2013 4:56PM Banks will have to make a more detailed disclosure each quarter, both regarding their capital adequacy and the make up of their capital, from the second half of this year. read more
Australian banks 'enjoy government subsidies' 10 April 2013 4:52PM Australian banks enjoy "a range of indirect government subsidies", according to an overview of the local industry prepared by the United States' embassy in Canberra in 2009. Wikileaks fostered acces.. read more
US embassy accesses RBA insights 10 April 2013 4:51PM Malcolm Edey, an assistant governor of the Reserve Bank of Australia, provided US diplomats with insights into staff and board thinking on monetary policy one week ahead of a regular board meeting i.. read more
Time up for RMBS prop 10 April 2013 4:11PM Five years of Federal Government financial assistance for small banks and non-bank lenders is drawing to a close. The Australian and the Financial Review today preview a speech by the Treasurer, Wayn.. read more
DirectCash trims ATM costs 08 April 2013 5:06PM DirectCash says it has made cost savings on its Customers ATM business in Australia of C$4.6 million, or seven per cent of the cost base, since taking control in the middle of last year. read more
HBOS retrospective review damns Bankwest strategy 08 April 2013 5:03PM HBOS Australia and Bankwest incurred lending losses over the four years to 2011 equal to more than one fifth of their loans, a review by a UK parliamentary committee into HBOS, the bank's then owner.. read more