Feds may nurture CUBS and regionals 02 December 2010 4:53PM The Age today took a stab at predicting the contents of the banking policy package being prepared by the federal government, and found a strong theme of support for credit unions and building societie.. read more
Problem payments persist for NAB 01 December 2010 5:46PM National Australia Bank's wish to say "it's all fixed" when it is not fully fixed is a fierce one, it seems. Yesterday afternoon it conceded what customers continue to notice, and was reported yester.. read more
Direct investment in RMBS best policy option 01 December 2010 5:44PM Direct investment by government in mortgage-backed securities is a better policy prop for home lending than a guarantee on most such securities, a senior RBA executive said yesterday. read more
Building societies pick up the pace 01 December 2010 5:42PM Building societies are one group of lenders generating above-average lending growth. APRA data on the sector shows that building societies recorded growth of around 15 per cent, annualised, in home.. read more
Prolonged payments pain at NAB 29 November 2010 6:27PM The failure of a second file batch from Thursday night's payments, and the confused response to the Wednesday failure, continue to create headaches for NAB operational staff at the start of the work.. read more
Slow response the surprise for NAB 29 November 2010 6:22PM Had NAB resolved the Wednesday night payments processing mess on Thursday the importance of the episode would be much more muted than it is proving to be. read more
Three sucked into ASIC Storm 29 November 2010 6:17PM Three banks must defend allegations of running an unregistered investment scheme following the collapse two years ago of Storm Financial. read more
Armoured car contracts referred to ACCC 29 November 2010 5:08PM The Transport Workers Union is encouraging the ACCC to look into breaches by major banks of enforceable undertakings relating to their collective buying of cash carriage services, The Age reported. read more
ANZ prefers Systematics to Hogan 26 November 2010 5:46PM Seven years after buying National Bank in New Zealand, ANZ is ready to drop one of its two core banking platforms and proceed with the better of two. read more
Pooled funding works for ME Bank 25 November 2010 7:12PM The latest financial data for Industry Super Holdings and its ME Bank arm differs as usual on the assets though not on the earnings of the group and its banking arm. read more