RHG limping along 14 November 2008 5:23PM RHG appears to think it may qualify to sell mortgage-backed securities to the Australian Office of Financial Management even though the firm is not originating any new loans and is ineligible. read more
Trade credit tight, but LCs sound 13 November 2008 5:08PM A popular theme in certain financial blogs over the last month, as well as in some international business media and even, somewhat hesitantly, the venerable shipping newspaper Lloyds List, is that ban.. read more
Middle class took on greatest loan burden 13 November 2008 5:07PM The RBNZ Financial Stability Review includes some analysis of data on household incomes and household debt, based on the recently published Household Expenditure Survey for 2007. read more
Banks load up on commercial property lending 13 November 2008 5:07PM Bank lending to the property sector increased "significantly faster than bank lending to other businesses recently" the Financial Stability Review published yesterday by the Reserve Bank of New Zealan.. read more
Guarantee a prudential problem 13 November 2008 5:06PM New Zealand's Reserve Bank yesterday described the "transition" away from the just-introduced guarantee on retail and wholesale liabilities of banks, and also non-bank institutions, as "an important o.. read more
Connections count at ANZ 13 November 2008 5:05PM ANZ has recruited people with connections - and even a former banker - to its board ranks, though the former banker is a former executive of ANZ. read more
Sullivan forced out from City Pacific 13 November 2008 5:04PM Commonwealth Bank may be taking even closer control of its problem client City Pacific, with the installation of John Ellis as managing director of the firm yesterday. Ellis replaces Phil Sullivan, wh.. read more
CUBS rubbed wrong way by deposit guarantee 12 November 2008 5:31PM The risk that building societies and credit unions will lose large deposits because of their treatment under the government's deposit guarantee scheme is an unknown quantity, according to an industry.. read more
Mortgage duty retained in NSW 12 November 2008 5:29PM The New South Wales government will defer the abolition of some stamp duties that were previously due for abolition between 2009 and 2011, and which themselves were, in principle, meant to be ax.. read more
NAB sorts out its capital and rating 11 November 2008 5:49PM In most other parts of the world banks have, over the last year, raised capital largely in order to fund long delayed write-downs. In many cases, a large capital raising was merely the prelude to anot.. read more