NAB corrects payments blunder in a day

At some stage on Friday night, National Australia Bank resolved its payment processing blunder from Thursday night, but the bank still suffered a barrage of disdainful public commentary that undermi.. read more

600 redundant branches at NAB

As with the extended payments processing dramas at National Australia Bank in November and December last year, the bank opened a hundred branches on Saturday to cater to the needs of customers aggra.. read more

Credit purchases a minority choice

Two markers of a long-term shift in the pattern of the payments market are evident in the monthly payment card data for February 2011 compiled by the Reserve Bank of Australia, with the diminishing.. read more

ABS rush on

The market for asset-backed securities has an almost boom-time air about it, with the last week's record-breaking flow being followed by yet more new issuance. read more

More of Lloyds may be for sale

The perennial question of whether National Australia Bank is a seller or a buyer of businesses in the UK took on a new aspect overnight, with recommendations, from the Independent Commission on Bank.. read more

ABS rush on

The market for asset-backed securities has an almost boom-time air about it, with the last week's record-breaking flow being followed by yet more new issuance. read more

Feds fertilise flowering RMBS market

The market for mortgage-backed backed securities may be in the midst of its best-ever fortnight - measured by the placement of bonds with investors - with A$4.3 billion in securities sold, or planne.. read more

Kinghorns may abstain on RHG vote

The eligibility of the two cornerstone shareholders in RHG to vote at what could prove to be two extraordinary general meetings of the mortgage financier is under the spotlight. read more

Foreign banks take lead in lending lift

A recovery in business borrowing in February 2011, as reported by both the RBA and APRA yesterday, appears to be the result of a draw-down on syndicated lending facilities, with the bulk of the extr.. read more