Seven fail Euro stress tests 24 July 2010 7:05PM Five Spanish savings banks, one bank in Germany and one in Greece failed the stress tests on 91 banks coordinated by the Committee of European Banking Supervisors and published overnight. read more
Italian and Irish banks just pass 24 July 2010 7:04PM Monte dei Paschi and Allied Irish Bank are two banks that only narrowly met the six per cent minimum capital ratio. read more
Sovereign default a lesser problem than any macro shock 24 July 2010 7:03PM The stress test applied to 91 European banks. It involved modelling macroeconomic and sovereign debt stresses over 2010 and 2011, and starting with end-2009 capital levels. The Committee of Eur.. read more
Driving cost savings at Customers 23 July 2010 4:44PM Customers Limited yesterday disclosed that it purchased the systems and software for the "drivers" of its ATM transactions from the firm's supplier Calypso. TNS Inc, a US-based payments processor, s.. read more
Time to talk payments 23 July 2010 4:43PM The Payments System Board yesterday provided a few pointers on the themes that it has in mind for the "strategic review" of payments announced two months ago. read more
Profit up and lending down at PNCS 23 July 2010 4:42PM Police & Nurses Credit Society yesterday said it will report a pre-tax profit of around $20 million, or 60 per cent more than in 2009. The credit union provided some profit highlights in a media.. read more
Unpaid phone bills pollute credit files 22 July 2010 4:33PM Thorn Group, a small consumer financier, yesterday offered a defence of its "no credit history checks" approach to marketing some of its rental products. read more
Discretion preferred over capital buffers 21 July 2010 4:42PM How much enthusiasm local financial regulators have for the reforms emanating from the Bank for International Settlements and related forums is doubtful, with central banks either side of the Tasman.. read more
Liquidity plans rare and underdone at super funds 16 July 2010 4:48PM Many superannuation funds appear underprepared to manage the liquidity risks attached to their funds, findings of a survey published by the Australian Prudential Regulation Authority show. read more
Credit conditions suit some lenders 16 July 2010 4:47PM Credit growth may be subdued at present but for select lenders overall trading conditions are pretty favourable. One of those lenders, GE Capital, provided a taste of trends in its business at an in.. read more