Let banks fail: Stevens

Bank regulators need to be able to let banks fail, a view that must inform decisions and regulations on how complex banks are allowed to become, Glenn Stevens, governor of the Reserve Bank of Austra.. read more

Yield improves for FlexiGroup

High-priced lease finance for small business and households is producing a reasonable return for equipment finance company FlexiGroup, which yesterday said it will report a full year "profit before.. read more

Westpac fares better in DBM business monitor

Westpac might be making progress in business banking, if the satisfaction ratings produced by DBM Consultants are any guide. On DBM's ratings Westpac now ranks equally with Commonwealth Bank in four.. read more

KEB a good get for ANZ

Korea Exchange Bank has to be a tempting option for ANZ - so tempting the board might as well go ahead and buy it. read more

Community bank escapes company tax

Some local businesses operating community bank franchises of Bendigo and Adelaide Bank may not have to pay company tax following a successful case brought by the operator of the only local bank in W.. read more

REDS, Pepper on a roll

Seven hundred and fifty million dollars in funding for prime home loans for Bank of Queensland and $78 million for Pepper for a pool of non-conforming loans marked a decent Monday for enthusiasts of.. read more

Clamp on card offers proposed

Pre-approved increases in limits on credit cards will be made illegal by mid 2012 if a returned Labor government adopts a banking policy announced yesterday. read more

Greenstone spruiks investment grading

Greenstone Energy is marketing NZ$100 million of bonds through a retail offer that commenced on Friday. It is the first public debt offering from a business that acquired the retail and distribution.. read more

Orica taps US insurers

Orica Ltd early last week completed the placement of US$600 million of 10-, 12-, 15- and 20-year notes with margins ranging from 170 basis points to 205 bps over US Treasuries. The firm began soundi.. read more

Melbourne Airport refinances

Australia Pacific Airports Melbourne last week sold $350 million of bonds in four-year and three-year tranches. It priced $100 million of four-year debt at 160 basis points more than the swap rate a.. read more