Basel spells out new limits of hybrids 17 January 2011 5:27PM Regulators will have the right to determine when hybrid capital instruments such as preferred shares and subordinated debt must either be written off or converted into ordinary shares under rules publ.. read more
BOQ offline for a day 14 January 2011 4:50PM Bank of Queensland suspended internet banking services to customers for most of yesterday because of unspecified issues arising from the flooding along the Brisbane River. read more
Westpac delighted with CEO, says Evans 13 January 2011 5:20PM Westpac replied yesterday morning, via the media, on our report in yesterday's newsletter about the board's restlessness concerning chief executive Gail Kelly and its search for a new CEO. read more
Dividends lost, banks saved in APRA stress test 13 January 2011 5:06PM Banks would make losses in the second year and scant profits in the first and third years of a stress test exercise undertaken by APRA and published yesterday in its occasional title Insight. read more
Westpac board pulls the plug on Kelly 12 January 2011 5:36PM Westpac's board is becoming restless over the bank's direction, with talk circulating of plans to replace the chief executive, Gail Kelly, this year. Search firm Egon Zehnder is believed to have a m.. read more
Sustainable banking a write-off for Maleny Credit Union 10 January 2011 5:34PM Maleny and District Community Credit Union reported a record profit before tax of $370,000 in 2010, up 18 per cent on 2009. However the board of Maleny has decided the time is right to jettison their.. read more
S&P may lower ratings of Australian banks 10 January 2011 5:17PM Persistently high rates of credit growth relative to GDP and seemingly high property prices could filter into lower credit ratings for banks as Standard & Poor's revises its approach to credit a.. read more
ANZ sets New Year benchmark 10 January 2011 5:14PM ANZ provided the centrepiece of deal in the debt capital market last week, the only one featuring an Australian name. read more
Business as usual in banking 23 December 2010 5:35PM The NAB payments failure is drifting into its fifth week with a static advisory lingering on its website. read more
Rent equals savings for Westpac 23 December 2010 5:33PM One year's worth of rent payments will count as savings at one Westpac brand. Westpac is changing its treatment of savings, through St George. read more