Wider crisis powers proposed for APRA

For the third or fourth time since the formation of the Australian Prudential Regulation Authority, in 1998, the government is having a shot at giving it the powers - mainly relating to crisis inter.. read more

Financial reform costs exaggerated, says IMF

The costs of regulatory reform affecting financial institutions following the crisis of the late 2000s will produced only a modest increase in bank lending rates in the United States, Europe and Jap.. read more

Business cycle forgotten in NZ banking circles

There is a curious detail in the RBNZ's "response to submissions" published yesterday over its approach to rolling out Basel III: some banks seemed unaware that two local banks had failed in recent y.. read more

CBA ponders aggregator investment

The Financial Review reported rumours that Commonwealth Bank is seeking to increase its one third stake in Aussie Home Loans. CBA paid A$71 million for the stake in late 2008. read more

Inefficient ANZ takes its time on fees

Yesterday's High Court ruling on penalty fees is a substantial victory for the plaintiffs and one that will encourage Maurice Blackburn, the law firm that chose to run the case after many years of.. read more

Clydesdale pursued over its role in sunken Arck

Four hundred investors in an unlicensed, and failed, property investment scheme in the UK are seeking £20 million in compensation from Clydesdale Bank. Lawyers for the investors assert that the ban.. read more