Excess capital a slippery measure 14 September 2010 4:42PM One aspect of the management of bank capital in Australia that's little noted is the careful avoidance of banks and their regulators of giving outsiders - depositors or investors, say - information.. read more
Basel III capital rules agreed 13 September 2010 4:14PM The world's major bank regulators overnight reached agreement on the shape of the Basel III rules. As expected, the meeting considered a proposal for a minimum "core" tier one capital of 7.0 per cen.. read more
Weak undertakings only part of the problem for NAB 10 September 2010 4:42PM National Australia Bank will presumably abandon its bid for the Australian and New Zealand business of Axa Asia Pacific following the decision of the ACCC, announced yesterday morning, to reject the.. read more
Archer buying Keycorp 10 September 2010 4:39PM Eftpos services firm Keycorp looks likely to be sold to a fund managed by Archer Capital if shareholders in the target endorse a scheme of arrangement proposed yesterday. read more
CBA defensive on lending standards 10 September 2010 4:38PM The sensitivity to the charge that property prices in Australia are over valued and thus that prices must fall, to the detriment of bank earnings, informs a presentation being used in an offshore in.. read more
Five vendors bid for CUA work 09 September 2010 7:19PM Five technology vendors have been selected by Credit Union Australia to receive request for tenders for the firm's core system overhaul. The system being replaced was one developed by CUA in-house man.. read more
Tax discount on interest income deferred 08 September 2010 5:11PM The planned discount of 50 per cent on interest on the first $1000 of interest earned on deposits will be put off for one year to help fund additional government spending in regional Australia. read more
Macquarie gets first-quarter profits wrong 07 September 2010 4:31PM Macquarie Group yesterday produced a curious update on its earnings outlook for its present financial year, and one that in key details contradicted the guidance - in connection with the bank's firs.. read more
Canterbury quake a financial shock 06 September 2010 4:17PM The early estimate on the damages bill arising from Saturday's force 7.1 earthquake centred to the west of Christchurch is around NZ$2 billion. New Zealand's Treasury is the source of this estimate,.. read more
Some help from banks 06 September 2010 4:16PM Major banks in New Zealand announced assistance packages for customers in the Canterbury region. Details differed but included: a deferral of interest for three months, waiver of early withdrawal co.. read more