Wholesale margins high at Westpac NZ 17 May 2011 3:24PM The quarterly disclosure document for one of Westpac's two banking arms in New Zealand provides a window into the profit margin earned on one segment of wholesale banking activities, and which exceeds.. read more
Critic again questions community banks' viability 16 May 2011 4:13PM The viability of franchised branches, or "community banks", of Bendigo and Adelaide Bank featured in The Age once again at the weekend, with a partial analysis by one researcher reaching different c.. read more
Solvency support for insurer AMI explained 13 May 2011 4:47PM The Reserve Bank of New Zealand estimated Christchurch home insurance firm AMI had net assets of between NZ$200 million and negative NZ$1 billion following the February earthquake in an assessment p.. read more
Cash out elbows ATMs aside 13 May 2011 4:46PM "Cash out" at Eftpos is making gains as a supplier of cash for everyday use, a trend that may be contributing to a decline in the number of automatic teller machines. read more
Scheme debit and charge cards revive in March quarter 13 May 2011 4:44PM Scheme debit is faring a little better than Eftpos as a payment method of choice in early 2011, with the value of payments growing faster than for the domestic Eftpos scheme for the third month in a.. read more
Development finance and floods hurt Suncorp 13 May 2011 4:41PM Further strife concerning loans to property developers in New South Wales and a rise in arrears in the flood-affected areas of its home state of Queensland have eroded credit quality at Suncorp Bank.. read more
Analysis: board and CEO succession plan emerging at Westpac 12 May 2011 4:33PM There may be more changes in the wind in the senior echelons of Westpac than simply the retirement of the Ted Evans as chair of the board in six months, after four-and-a-half years in the role - a d.. read more
Kinghorn sells out of RHG 12 May 2011 3:40PM John Kinghorn, the founder and still chair of the board of RHG, has this week sold all his 11.6 per cent take in the company in an on-market sale. read more
Back in black at Amex and Diners 11 May 2011 4:28PM Receivables declined for American Express and Diners Club in the 2010 financial year, a sign of caution on the part of their mostly corporate client base and of the two charge card financiers themse.. read more
A$53bn bond program projected for 2011/12 11 May 2011 4:27PM The Australian Government expects to sell A$53 billion in treasury bonds over the 2011/12 financial year, a budget statement published last night by Treasury shows. read more