BankΒ News
Myer revamp banks on honeypot effect
Thursday March 31, 2011
Pejic's wedged heels enhanced his possessed vampire stare.Analysts see further gains as Aussie climbs
Thursday March 31, 2011
THE dollar has scaled a new post-float high against the US dollar and raced to 10-month highs against a broadly weaker yen as sharemarkets in the Asia-Pacific region made solid gains.Glamorous means to good ends at Bernie's
Thursday March 31, 2011
MYER boss Bernie Brookes is banking that wall-to-wall catwalk models, celebrities, politicians and tapis rouge at the official reopening of his Melbourne flagship tonight will speed a return to at least $300 million a year of sales from less than half the floorspace.Freeze on funds threat to conservation project
Wednesday March 30, 2011
ONE of the country's most valuable biological resources is lying dormant due to a lack of funding.Ask Noel
Wednesday March 30, 2011
WHAT is the difference between the amount earned from investing in shares and from investing in bank deposits?New RBA board members offshore
Wednesday March 30, 2011
TREASURER Wayne Swan has appointed two new Reserve Bank board members, one who went overseas yesterday amid uncertainty about whether she would be able to attend her first board meeting on Tuesday, and the other in the strife-torn principality of Bahrain, as the head of planning at its Economic Development Board.Teller stole $115,000, killed woman
Wednesday March 30, 2011
A BANK teller has admitted to befriending a wealthy elderly customer before stealing $115,000 from her account and killing her the next day.Banks keen to buy back bonds from crisis period
Monday March 28, 2011
AUSTRALIAN banks have stepped up their efforts to buy back tens of billions of dollars worth of wholesale funding that was raised under the government guarantee scheme as they try to replace high-cost debt with cheaper financing.Banks buying back their guarantee debt
Monday March 28, 2011
AUSTRALIAN banks have stepped up efforts to buy back tens of billions of dollars worth of wholesale funding that was raised under the government-guarantee scheme as they seek to replace the high-cost debt with cheaper financing.Murdoch jnr, the tiger whisperer
Monday March 28, 2011
News Corporation's senior operative, James Rupert Murdoch, has helped clarify (to the Indian media) his company's relationship to various governments.Same old Liberals snaked their way into the home of the Eels
Monday March 28, 2011
THE Premier-elect of NSW chose low tide at the Parramatta ferry wharf to show himself to the cameras. A scrum of strange faces in dark suits, the victorious Liberals of the west, stood behind him. In front was an old river at low ebb, all sandbags and muddy banks. It was spitting.The day a winner frowned and a loser smiled
Monday March 28, 2011
BARRY O'Farrell was making a statement. On the banks of the Parramatta River, he had assembled the new Liberal MPs-elect that had taken western Sydney, and helped deliver one of the biggest landslides in Australian political history.Ex-bank worker in $100m case
Sunday March 27, 2011
A FORMER bank employee allegedly involved in a plot to defraud a number of major banks of up to $100 million has been refused bail.More power to the people
Sunday March 27, 2011
New legislation might have the banks in a tiff but it's a winning situation for customers.Trading with fire
Sunday March 27, 2011
The Aussie dollar is at record levels. But will it stay there? Richard Webb reports.shares race week 2
Sunday March 27, 2011
1st Doreen Daze AstrologerNot out of the woods yet
Saturday March 26, 2011
Debt woes will remain as long as the sacrifice is not being shared, writes Landon Thomas jnr.British operations hurting us: NAB
Saturday March 26, 2011
NATIONAL Australia Bank's "underperforming" business in the tough British market has been keeping the bank's shares under pressure, says chief executive Cameron Clyne.Troubled UK operations keep NAB price down, says CEO
Saturday March 26, 2011
NATIONAL AUSTRALIA BANK'S "underperforming" business in the tough British market has been keeping the bank's shares under pressure, says the chief executive, Cameron Clyne.Growth golden days long gone, lenders told
Friday March 25, 2011
AUSTRALIA'S banks have survived the financial crisis only to face a blunt message from the top of the Reserve Bank - the good times won't return, at least not like they were.Lew to swoop on ailing Colorado
Friday March 25, 2011
RETAIL heavyweight Solomon Lew is expected to swoop on two of Australia's oldest fashion brands, JAG and Diana Ferrari, with banks poised to pull the pin on struggling Colorado Group.Good times rolled . . . away
Friday March 25, 2011
AUSTRALIA'S banks have survived the financial crisis only to face a blunt message from the top of the Reserve Bank the good times will not return, not like they were. Not now, not ever.A game of cat and mouse or is it price fixing?
Friday March 25, 2011
Thanks to recent natural disasters in Queensland the price of bananas has rocketed. Thanks to the troubles in Libya the price of fuel has done the same. The cost of borrowing for Australian banks has also increased in the wake of the global financial crisis.Bank price law has 'wider use'
Friday March 25, 2011
LEGISLATION introduced into Parliament yesterday to crack down on price signalling by banks has a much wider application and could soon be used to regulate companies such as petrol retailers and supermarkets, a competition lawyer has said.Goldminers to the fore as index climbs
Friday March 25, 2011
GOLDMINING stocks have propelled the sharemarket into its fifth straight day of gains, as investors look for safety amid increasing turmoil in the Middle East and renewed European debt fears.Owners set to pull plug on Colorado
Friday March 25, 2011
SOLOMON LEW is expected to swoop on two of Australia's oldest fashion brands, JAG and Diana Ferrari, as banks are poised to pull the pin on the struggling Colorado Group.Two women part of fraud ring, police say
Friday March 25, 2011
A BESPECTACLED woman carrying a shopping bag walked into the Westpac branch at Neutral Bay last year and conned the bank to steal $1.1 million from an elderly woman's account, police allege.Our numbers are stable
Friday March 25, 2011
Treasury believes Basel 3 should be enough for the big four, writes Eric Johnston.Treasury fights G20 move to toughen rules
Friday March 25, 2011
THE Gillard government is planning to resist efforts by global regulators to make Australia's big four banks hold even higher levels of capital, even though any collapse could send shockwaves through the economy.US, Europeans unable to bank yet on a robust housing-sector recovery
Friday March 25, 2011
THE Reserve Bank yesterday produced a generally optimistic appraisal of the Australian financial system's recovery from the global crisis, but its portrait of the challenges the big money centre banks in the US and Europe face was much more downbeat.Reinsurance cost will rise, bank warns
Friday March 25, 2011
WHILE Australian insurers are well placed to cope with the surge in payouts from recent severe floods, some may find their global reinsurance providers are likely to increase prices or issue tougher conditions, the Reserve Bank has warned.Reserve still wary of US and Europe
Friday March 25, 2011
Yesterday the Reserve Bank produced a generally optimistic appraisal of the Australian financial system's recovery from the global crisis, but its portrait of the challenges the big money centre banks in the United States and Europe face was much more downbeat.ANZ reassures the housing pessimists
Thursday March 24, 2011
ANZ has sought to reassure global investors about the health of Australia's property market. A senior executive has told a Hong Kong conference that the fundamentals of the market are sound.Fed profits soar
Thursday March 24, 2011
PROFIT at the Federal Reserve banks rose to a record $US82 billion last year, a windfall for taxpayers that underscores the depth of the Fed's continued involvement in the US's financial markets.Don't bank on help to switch accounts
Wednesday March 23, 2011
Breaking up with your financial institution is as hard as ever, writes Stewart Oldfield.Lecturer keen for return to Sendai
Wednesday March 23, 2011
KATE Dennis cycled along the levee banks beside the Hirose River many times during the three years she lived in Sendai in north-east Japan.Plan for every pitfall
Wednesday March 23, 2011
If you want a bank or investor to stump up funds for your enterprise, doing the groundwork is vital, writes Keeli Cambourne.Dragon's weak flame fires Melbourne brand
Tuesday March 22, 2011
ST GEORGE Bank's market share in Victoria has fallen since its acquisition by Westpac more than two years ago, prompting its new owner to breathe life back into the Bank of Melbourne brand.New bridge is a weight around Labor's neck
Tuesday March 22, 2011
IT'S 7.30am in Drummoyne and congestion is already choking the inner-west suburb. Traffic is banked up along the impossibly slow Victoria Road and the city-bound lanes of the Iron Cove Bridge are at a crawl.Watching, hoping it will not be long
Monday March 21, 2011
BATTLE plans rarely survive the opening shots of war, or so the old maxim goes. But it's clear the Western and Arab countries bombing Libya are banking on this being a short and decisive campaign.Housewife a herald of currency
Monday March 21, 2011
THOUSANDS of Japanese housewives contacting their local banks last week would, at first glance, hardly fit the same category as hedge-fund hot money rushing the exits after an economic shock.Growth despite turmoil: banks
Monday March 21, 2011
THE world's big investment banks expect growth to continue despite potential nuclear, military and financial crises.Stakes are high in the hot money game
Monday March 21, 2011
Thousands of Japanese housewives contacting their local bank last week would, at first glance, hardly fit the same category as hedge fund hot money rushing the exits after an economic shock.Markets shaken, not rattled
Monday March 21, 2011
THE Libyan crisis is another shock for the recovering global economy, but the world's major investment banks expect growth to continue despite the backdrop of potential nuclear, military and financial crises.Recession threat eases as yen tumbles
Sunday March 20, 2011
JAPAN'S risk of becoming the first Group of Seven member to return to a recession after the global financial crisis eased as the G7 nations intervened to halt the yen's appreciation.Timing is allask Anthony Pratt
Sunday March 20, 2011
"TIMING isn't important . . . it's everything," said the late billionaire Richard Pratt, a man who knew a thing or two about knowing when to hold and when to fold.ANZ sets out further inroads into Asia
Saturday March 19, 2011
ANZ says its fledgling Asian operations will generate nearly a third of group profits by 2017. The chief executive, Mike Smith, outlined plans to push deeper into Asia by offering more investment banking services to big business customers.ANZ close to hitting target with Asia moves
Saturday March 19, 2011
ANZ chief executive Mike Smith is obviously enjoying Australia, and the challenge he set for himself and the bank in December 2007 when he said ANZ could lift its share of earnings sourced from Asia from 7 per cent to 20 per cent by 2012.ANZ expands grand Asia plans
Saturday March 19, 2011
ANZ's fledgling Asian-based operations will generate nearly a third of group profits by 2017, offering more investment-banking services to big business customers, according to plans outlined by chief executive Mike Smith.Banks have saved a currency before
Saturday March 19, 2011
ON September 22, 2000, the European Central Bank, the Federal Reserve Bank of New York, and the central banks of Japan, England, and Canada led a joint intervention to support an ailing euro.Plastic's fantastic - for a bank
Saturday March 19, 2011
Tired of queuing at the petrol station while the customer in front of you is tinkering with the eftpos terminal, keying in a PIN just to buy a Cornetto, some barbecue chips and a packet of chewy?Williams has eye on Maluckyday, the Zabeel star that got away
Saturday March 19, 2011
STANDING under the auctioneer's rostrum at the Wright Stephenson's saleyards at Flemington on a balmy March night in 1967 was a brash new player. He was equipped with boundless energy, a healthy enough bank, and little else. Pedigrees and conformation were his downside, but clasping his catalogue the first-time buyer managed to buy 13 yearlings from Victoria's major sale.Spirit of Bula haunts a shattered nation
Saturday March 19, 2011
Tokyo's post-disaster bid for economic survival could have aftershocks for the world, writes Ian Verrender.Commitment to arts and community in life of brilliant design
Friday March 18, 2011
MERELL JEAN BROWNE
INTERIOR DESIGNER,
COMMUNITY WORKER
22-8-1935 30-1-2011Grey matter used to beat ATM fees
Friday March 18, 2011
OLDER people are far from helpless when using banks. If anything, it is the young who get fleeced.Clarke steps down from Macquarie
Friday March 18, 2011
WHEN Macquarie Bank's annual meetings descended into robust challenges about big salaries or the cost of trolleys at Sydney Airport, it was always the deft intuition of David Clarke that shepherded debate to a civil conclusion.Bank sues News for 'nepotism'
Friday March 18, 2011
AN American bank has confronted Rupert Murdoch with the most direct challenge yet to plans for one of his children to succeed him at the helm of News Corp, suing the media giant for "rampant nepotism" and running the media company as a "wholly owned family candy store".Invest in China's success, says Hong Kong banker
Friday March 18, 2011
THE head of Hong Kong's central bank has challenged Australian businesses to widen their investment horizons to take full advantage of China's rapid economic growth.Big four not profiteers, RBA research shows
Friday March 18, 2011
BANKERS of Australia can breathe a sigh of relief Reserve Bank research is no longer showing the big four profiteered following the financial crisis.Chairman resigns from Macquarie
Friday March 18, 2011
WHEN Macquarie Bank's annual meetings descended into robust challenges about big salaries or the cost of trolleys at Sydney Airport, it was always the deftness of David Clarke that shepherded debate to a civil conclusion.Margins up but no profiteering
Friday March 18, 2011
BANKERS can breathe a sigh of relief - Reserve Bank of Australia research is no longer showing the big four profiteered in the wake of the financial crisis.Westpac bets a BoM
Friday March 18, 2011
IN THE latest battle of the fierce marketing war among the big banks, Westpac last week announced it would retire St George Bank in Victoria and resurrect Bank of Melbourne, aiming to have 100 BoM branches open within five years.Yen at record high
Friday March 18, 2011
FINANCE chiefs and central bankers of the world's seven richest nations will hold an urgently convened phone meeting this morning to discuss the escalating crisis in Japan after the yen rocketed to a record high yesterday against the US dollar.Wallabies' Cup assault to miss Deans's fan club
Friday March 18, 2011
Although the Wallabies will miss out on the "home-town" support of the large Robbie Deans fan club in Christchurch, team officials believe moving their home base, most probably to Auckland, will not disrupt their World Cup assault. The Wallabies, who were to spend 18 days in Christchurch, were banking on the backing of Cantabrians during the World Cup - especially from those who rate Deans among the city's most favoured sons, and want him as the All Blacks coach. However, that relationship can no longer be used as a Wallabies motivator after all seven World Cup matches were moved from Christchurch because of the earthquake disaster. While this will involve considerable change to travel plans, including accommodation and training grounds, the Wallabies have no qualms about where they are based. Some are even lobbying for a South Island relocation - with Queenstown high on the list.Urgent global meeting to contain currency crisis
Friday March 18, 2011
FINANCE chiefs and central bankers of the world's seven richest nations will hold an urgently convened phone meeting this morning to discuss the escalating crisis in Japan after the yen rocketed to a record high yesterday against the US dollar.Murdoch nepotism suit
Friday March 18, 2011
AN AMERICAN bank has confronted Rupert Murdoch with the most direct challenge yet to plans for one of his children to succeed him at the helm of News Corp, suing the media giant for "rampant nepotism" and running the media company as a "wholly owned family candy store".UBS subsidiary rapped over advice
Friday March 18, 2011
A SUBSIDIARY of global investment bank UBS has been dressed down for failings in its financial advice systems that left more than 700 investors without appropriate advice about their investments.UBS wealth arm admits to poor compliance, gets regulator rebuke
Friday March 18, 2011
A SUBSIDIARY of the global investment bank UBS has been dressed down for failings in its financial advice systems that left more than 700 investors without appropriate guidance.Ex-trader faces prison over insider transactions
Thursday March 17, 2011
THE insider trader Oswyn de Silva did not travel far from his office to place trades via his secret offshore account - he used a computer in the cafe within the Macquarie Bank building, and within four months had made himself $1.4 million.Call for united front
Thursday March 17, 2011
RAMALLAH. Thousands of Palestinians have taken to the streets of the Gaza Strip and the West Bank to demand an end to the rift between the Hamas and Fatah factions that has left the two Palestinian territories in the control of rival governments.NAB British chief off as it ponders merger
Thursday March 17, 2011
THE hopes of National Australia Bank's long-serving British boss, Lynne Peacock, of pulling off a "get big or get out" deal to solve its difficulties have been quashed by the announcement of her impending departure from the group.Disgraced Macquarie banker 'true insider'
Thursday March 17, 2011
INSIDER trader Oswyn de Silva didn't travel far from his office to place trades via his secret offshore account he used a computer in the cafe within the Macquarie Bank building, and within four short months had made himself $1.4 million.NAB's British boss calls it quits
Thursday March 17, 2011
NATIONAL Australia Bank's long-serving British chief, Lynne Peacock, is leaving the group, dashing hopes of her pulling off a "get big or get out" deal to solve the bank's difficulties in Britain.Woman to CBA board
Thursday March 17, 2011
COMMONWEALTH Bank chairman David Turner has taken another step in revitalising the CBA board by appointing the group's third woman non-executive director.Target boss joins CBA board as third woman
Thursday March 17, 2011
THE Commonwealth Bank chairman, David Turner, has taken another step in revitalising its board by appointing the group's third woman non-executive director.Possible benefits in recovery: PM
Thursday March 17, 2011
PRIME Minister Julia Gillard has talked up the Australian economy amid continuing nervousness on financial markets, saying it is strong and might even benefit from Japan's recovery.Crisis in Japan cuts chance of interest rate rise for year ahead
Wednesday March 16, 2011
THE crisis in Japan has put paid to talk of a further interest rate rise in Australia. The futures market is pricing in a zero chance of a rate rise in the year ahead, with a better than even chance of a rate cut next month.Stand still expected to continue for 12 months
Wednesday March 16, 2011
THE Japan crisis has put paid to talk of a further interest rate rise in Australia with the futures market now pricing in a zero chance of a rate rise in the year ahead and on a literal reading a better than even chance of a rate cut next month.Sharemarket bale-out on meltdown fears
Wednesday March 16, 2011
SHARE prices have plummeted in Japan amid fears that a possible nuclear meltdown will curb the worlds third-biggest economy.'Face-to-face' future for CBA's branches
Tuesday March 15, 2011
TECHNOLOGY is hastening the decline in transactions conducted at bank branches but retail outlets will have a major role to play in the future, Commonwealth Bank chief executive Ralph Norris said yesterday.Learn about schools
Tuesday March 15, 2011
FEDERAL School Education Minister Peter Garrett will outline the government's plans for schools at the Grattan Institute on Thursday at 5pm. Location: Banking Chamber theatrette, 147 Collins Street, Melbourne. Information: 8344 3637Coral reef cryogenic plan gets under way
Tuesday March 15, 2011
AN AMBITIOUS plan to create a "coral bank" of frozen reef polyps so that they can survive extinction is being developed by Australian researchers.Branch business drops but won't disappear, says Commonwealth
Tuesday March 15, 2011
TECHNOLOGY is hastening the decline in transactions done in bank branches, but retail outlets will still have a major role to play, the Commonwealth Bank's chief executive, Ralph Norris, said yesterday.NAB won't be rushed, or pushed, on Lloyds
Tuesday March 15, 2011
HOT and sweaty reporters in the UK press suggesting that National Australia Bank's top executive there, Lynne Peacock, has the sale by Lloyds Banking Group of 600 branches at the top of her "to do" list should perhaps ask would it not be more newsy if she did not?Tokyo boosts market confidence
Tuesday March 15, 2011
THE Bank of Japan agreed to expand its asset purchase program by five trillion yen late yesterday, complementing its record cash injection of $182 billion into the banking system, in an attempt to build confidence after Friday's devastating earthquake and tsunami.Peacock weighs up next move on Lloyds
Tuesday March 15, 2011
Hot and sweaty reporters writing in the British press that National Australia Bank's top executive there, Lynne Peacock, has the sale by Lloyds Banking Group of 600 branches at the top of her "to do" list should perhaps ask would it not be more newsy if she did not.1921
Monday March 14, 2011
Negotiations were resumed for a truce between Sinn Fein and the government but fighting in Ireland was continuing anyway. Police and military surrounded a house in Callan when 80 men turned out. Constable Reilly was killed and Captain Banks wounded. In Belfast, constables McIntosh, Crooks and Cooper were standing outside a music hall talking to women when five men rushed up and started shooting with revolvers. Crooks was killed and the two others were seriously wounded. A truck containing 30 of the Bedfordshire Regiment was ambushed by an entrenched party between Carrick-on-Shannon and Ballinamore. The soldiers fought back and the ambushers fled, leaving seven dead, all wearing IRA uniforms. The government said that if they wanted a truce, the rebels would have to surrender their weapons.Aftershocks from Japan when there are already pressures enough on the global economy
Monday March 14, 2011
Until the earthquake in Japan rocked the world on Friday, the two biggest threats to the global economy were a potential oil supply shock triggered by the political turmoil in the Middle East and the worsening debt crisis in the euro zone.Seismic shock for fractured global economy following Japan earthquake
Monday March 14, 2011
UNTIL the Japanese earthquake rocked the world on Friday, the two biggest threats to the global economy were a potential oil supply shock triggered by the political turmoil in theMiddle East and the worsening debt crisis in the eurozone.Wolseley Road is world's ninth priciest
Monday March 14, 2011
Wolseley Road, Point Piper, has been named the ninth-priciest street in the world. Its improved status came despite a 5 per cent price decline to its representative $20,500 a square metre value based on just four house sales - two harbourfront and two non-waterfront.Bank resurrection: who are they trying to kid?
Sunday March 13, 2011
WHAT will they think of next? In a backflip so utterly pragmatic that it just might work, the Bank of Melbourne is to be "resurrected" by the brains trust within the Westpac marketing department.Big four's trial separation unlikely to end in divorce
Saturday March 12, 2011
The banks are beginning to feed off each other as they fight for what little expansion there is The industry has ensured that the debate has moved away from the underlying problem. Richard Denniss, Australia InstituteBig four baring their fiscal fangs
Saturday March 12, 2011
It all seems like a bit of a lark, but will the showdown end in tears for the big banks or perhaps consumers? Danny John and Clancy Yeates report.Banks under fire for lack of rivals
Saturday March 12, 2011
SMALL and medium-sized businesses are desperate for credit but a lack of competition in the banking sector means many continue to suffer, a parliamentary inquiry was told yesterday.Blow your banking horn
Saturday March 12, 2011
Will the showdown end in tears for the big banks or perhaps consumers? DannyWestpac banks on a blast from the past drawing community interest
Saturday March 12, 2011
NOT that long ago, we happened upon a relic of ol' time banking. A red rubber band around a pile of cheque stubs, from an era when keeping pieces of paper was prudent financial management: hang on, just in case.Westpac banking on short local memories
Saturday March 12, 2011
WESTPAC will have to excuse our cynicism. On Thursday it announced, with considerable fanfare, the launch of a "new" bank for Victoria the Bank of Melbourne. New? Well, as many Victorians will remember, there used to be a Bank of Melbourne, and it managed, by providing innovative services such as opening for business on Saturday mornings, to sustain a better reputation than the big banks. But it was bought in the late 1990s by Westpac. As part of the takeover deal, the Australian Competition and Consumer Commission extracted a promise from Westpac that it would run the Melbourne bank as a separate entity. Unfortunately, the commitment was for three years only. After that, the BoM was slowly absorbed. Its brand was allowed to run down, and by the mid-2000s its name had been taken off all branches and replaced with Westpac's big red W.Quake's rumbles simply add to uncertainty
Saturday March 12, 2011
JAPAN'S massive earthquake adds another weight to an already nervous market, and probably ensures that the down draughts that ripped share prices lower this week will continue in the short term.POT SHOTS
Saturday March 12, 2011
The price war between the big four wont stop the government from overhauling the banking Industry write Danny John and Clancy Yeates.Heavyweights land punches
Saturday March 12, 2011
THERE were few heavyweight companies on the buying side, although Jane Hemstritch, a director of Commonwealth Bank since 2006, was well up the list.
