NAB's CDO class action back on track 03 August 2012 4:40PM The Supreme Court of Victoria Court of Appeal has rejected a bid by NAB to require 20 class action plaintiffs to produce documents regarding how they made their investment decisions. read more
CBA advert bombs 03 August 2012 4:34PM Commonwealth Bank's latest marketing campaign took an unusual turn yesterday with the bank (or one of its agents) briefly publishing on YouTube - and then hurriedly withdrawing - a television commer.. read more
Claims stabilise for Genworth 02 August 2012 4:51PM Genworth Financial experienced a second quarter of elevated claims from lenders that arose from borrower defaults, and the specialist insurance company expects only a modest improvement over the rem.. read more
NAB and ANZ stride ahead in home loans 01 August 2012 5:15PM National Australia Bank continues to grow at above market share in the home loan market, reporting a rise of one per cent over the month of June and an increase in its book of 9.1 per cent over a ye.. read more
NAB lives with offshoring and regulation 01 August 2012 5:14PM Australia no longer has enough skilled staff to operate ageing technology infrastructure, Cameron Clyne, chief executive of National Australia Bank, told an industry lunch yesterday. read more
ATM cash-cow misfires 01 August 2012 5:12PM Automatic teller machine operator GRG International sold A$2.4 million worth of ATMs over the June 2012 quarter, but failed to generate any operating cash flows from a fast-growing base of installed.. read more
Hurdles lowered for Clearnet 01 August 2012 5:10PM Any firm seeking to break into the business of clearing of securities and derivatives will more easily be able to seek an exchange settlement account with the RBA under new guidelines released yest.. read more
Banking exclusion zones well known 27 July 2012 5:05PM Research paid for, in part, by NAB and undertaken by the Centre for Social Impact provides a portrait of access or otherwise to banking services, so may provide some of the data the Minister for Fi.. read more
Macquarie maintains course 26 July 2012 4:53PM Macquarie Group's cost-cutting efforts are continuing to chip away at the financier's expense base and provide a prop to its otherwise lacklustre profits. read more
Don't fret about a panic advises Stevens 25 July 2012 4:32PM The vulnerability of Australia's banks to some form of "global panic" has diminished over recent years, says Glenn Stevens, governor of the Reserve Bank of Australia. read more