448

APRA chief John Laker used a talk to the Abacus conference in Brisbane on Tuesday to stress the need for credit unions and building societies to put even more effort into modelling their cash flows an.. read more

The clamp of finance to property developers may be overdone, the governor of the Reserve Bank of Australia, Glenn Stevens, suggested in a speech last night. read more

RBA governor Glenn Stevens used last night's speech to reiterate one recent theme: the reversal, to a greater or lesser extent, of the fairly deep and fairly rapid cuts in the cash rate late last year.. read more

The Westpac profit for the second half of its financial year seems to make Westpac the odd bank out in the reporting season that drew to a close yesterday. Westpac's banking businesses, in Australia,.. read more

Westpac reported some attractive metrics in the home loan segment for the bank's 2009 financial year. read more

Westpac management yesterday chimed in with their own reservations on the implications of the revised policy on liquidity proposed by APRA, and which would require much more stringent liquidity buffer.. read more

The plan for the partial break-up of Britain's two state-owned banking behemoths is now public, rather than simply speculative, providing a few investment options for National Australia Bank in a bank.. read more

One item in the Royal Bank of Scotland announcement on its forced divestment of select businesses is the details relating to its Global Merchant Services division. The EU is forcing RBS to sell this a.. read more

With its full-year profit to announce today Westpac must have felt the need for some public relations posturing in the context of having to announce a 25 basis point increase in its standard home loan.. read more

Mortgage funder FirstMac yesterday reported its financial results for the 2009 financial year, with a net profit of $14.7 million, an increase of more than three times on 2008 and described as "a reco.. read more