$1.3bn in fees for Federal backstop

Updated budget papers for the Australian government provide some more data on the use by financial institutions of the various guarantee schemes on bank liabilities. read more

Gas crash a lesson for Macquarie

Amid the smorgasbord of write-downs and revaluations that coalesces with the everyday revenue flows from interest income (flat), fees (flat) and trading income (up) for the Macquarie Group in its Sept.. read more

No capital relief for banks

ANZ yesterday brushed away one of the stranger ideas to circulate in Australian investment circles over the last six weeks, namely the notion that banks could be considered to have surplus capital and.. read more

NAB picks cream of RHG loans

The cherry picking of the mortgage book of RHG by the firm's bankers is underway. RHG told the ASX yesterday that National Australia Bank enforced rights to buy $440 million worth of home loans at par.. read more

Tax Office debts take off

Tax debts owed by business and households climbed by 12 per cent in the year to June 2009, the annual report for the Australian Taxation Office shows. Collectable debt increased by only one per cent i.. read more

Suncorp happy with banking

Suncorp's banking arm is "core to the group", the insurer's new CEO, Patrick Snowball, told the annual meeting in Brisbane yesterday. read more

ROE mirage for NAB

Whether National Australia Bank's management really mean it, is doubtful, but one morsel of aspiration (you wouldn't call it guidance) offered up yesterday by management in the investor briefing on th.. read more

Second half loss for NAB

The profit highlights of National Australia Bank for 2009 are principally lowlights, and feature skinny profits in Britain and New Zealand, bad debts escalating as rapidly in the second half as in the.. read more