RHG limping along

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

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

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

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

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

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

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

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

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

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