RBS impairments exceed 12 per cent

After initially estimating non-performing loans across the Royal Bank of Scotland loan portfolio at 8.5 per cent, and sticking to this projection until as recently as June, ANZ has discovered the ra.. read more

Credit spreads settle on European periphery

Overall, it was a tough week in the European zone for credit investors, although it ended on a somewhat brighter note.  The Markit iTraxx Western Europe Sovereign index, which monitors credit-d.. read more

Asset-backed bond issues increasing

Companies continue to tap the corporate bond market in the US as yields remain near record lows, even as the past week saw some upward pressure on yields in the secondary market. read more

Credit controls canvassed in New Zealand

A direct measure targeted specifically at the housing market may have a place among prudential tools that could be used in New Zealand in the future, the Reserve Bank of New Zealand believes. read more

Seven guaranteed finance companies seem sound

The New Zealand Treasury has not made any provision for default under the extended retail deposit guarantee scheme, thus suggesting all the seven finance companies currently under the umbrella are sou.. read more

Few cost savings for Heartland Bank

An independent report has concluded that the proposed business case for the merger of three New Zealand entities to form a banking and financial services group is robust and the merits are compelling.. read more