Modest rise in defaults at QBE LMI 02 March 2009 5:50PM QBE on Friday said it recognised gross earned premium from its new lenders mortgage insurance business of $203 million in the year to December 2008, and up from $194 million in gross earned premium in.. read more
HBOSA bruised by property lending 02 March 2009 4:35PM A five-fold increase in impaired loans and a four-fold increase in loan write-offs have dented, but not devastated, the earnings of HBOS Australia, a banking business now owned by Lloyds TSB. read more
Phase two of the crisis 27 February 2009 5:55PM In a briefing yesterday ANZ's managing director, Mike Smith, described the global financial crisis as now being in "phase two, where we are seeing bad debts emerge from the commercial sector, and from.. read more
Bank profits safe for now 27 February 2009 5:55PM ANZ yesterday reinforced the message that there's plenty of earnings capacity, and pricing power, among Australia's leading banks, and thus for now at least little likelihood that the developing globa.. read more
Dividend cut by a quarter at ANZ 27 February 2009 5:54PM ANZ annoyed some investors and encouraged others with the announcement of the decision to cut the dividend by 25 per cent, a step that will allow the bank to retain about $500 million in capital this.. read more
APRA lessens liquidity checks 27 February 2009 5:53PM In one measure of the improved liquidity profile of banks, and of improved liquidity management practices, APRA has redeployed a special team set up to more closely monitor this aspect of bank operati.. read more
Westpac lifts hybrid to $700m 27 February 2009 5:39PM Westpac yesterday finalised pricing for its sale of hybrid securities, and succeeded in selling more than planned and setting an interest rate toward the low end of its target range. read more
Years later, AFD fined over hold backs 27 February 2009 5:29PM The Victorian Civil and Administrative Tribunal ordered Australian Finance Direct to pay a fine of $100,000 after breaching the consumer credit code. AFD agreed to the fine. read more
Little lending at The Rock 26 February 2009 5:48PM The Rock Building Society ran down its loan book by six per cent over the year to December 2008, to $1.1 billion, as the the Rockhampton-based lender adjusts to the credit crunch and subsequent downtu.. read more
Slump strikes earnings for Wilson HTM 26 February 2009 5:47PM The capital markets or investment banking business of Wilson HTM Investment Group suffered a slump in revenues of more than 50 per cent in the half year to December 2008 and compared with a year befor.. read more