Big banks highly profitable, guaranteed: IMF
Clancy Yeates The IMF has ranked the banking sector as one of the most concentrated in the world, saying this dominance is one reason the banks are so profitable.
NAB chief in line for millions in bonuses
National Australia Bank chief executive Cameron Clyne stands to be awarded almost $4 million worth of bonuses, shortly after the bank posted a 22% drop in net profit.
QBE belted by Sandy storm claims
QBE shares plunge after the insurance giant announces a capital raising and warns it expects its losses from superstorm Sandy to be up to $435 million.
Loss-making BoQ pays CEO $500k bonus
Bank of Queensland’s chief executive was paid $1.8 million, including a half million dollar bonus, in the same year the company made a loss.
NAB settles over US subprime losses
National Australia Bank will pay $85 million in a settlement of a class action relating to its heavy losses over toxic subprime home loans in the United States.
Big four banks pass stress tests
The big banks are strong enough to withstand a major global economic downturn, the industry’s regulator says.
Yellow Brick Road inks Macquarie deal to take on big banks
Georgia Wilkins Yellow Brick Road has formalised a deal with Macquarie that will see it competing with the big four banks in the residential home loan business.
Michael Pascoe
Hard for Westpac to keep Kelly's promises
Michael Pascoe Was Gail Kelly’s “line in the sand” over a minimum return on equity for Westpac shareholders any better than her promise to maintain dividends six months before slashing them in 2009?
Banking on gender imbalance at the top
Eva Kuehnen Critics say the ECB and other male-dominated central banks need to look harder for strong female candidates,
Adele Ferguson
NAB the perennial underperformer
Adele Ferguson NAB's result offers up more disappointments, particularly from its UK business and to a lesser extent its business banking operations.
Eric Johnston
ANZ's record profit fails to impress
Eric Johnston There's a lot to like in ANZ's latest bumper result - but bad debt provisions are on the rise and funding stress continues.
Asian banks step in as European lenders pull out
Clancy Yeates Japanese banks stepped into the gap left by European lenders pulling their capital from Australia during the latest bout of market turmoil, new figures show.
Goldman downgrades Westpac, NAB
Chris Zappone In the latest bearish signal for the banking sector, Goldman Sachs has lowered its rating on Westpac and NAB as the outlook for returns softens.
Join the crowd: ANZ fails to pass on full cut
Chris Zappone ANZ Bank has cut mortgage rates by 20 basis points, the last of the four big banks to react to the Reserve Bank's cash rate cut last week.
BoQ faces first loss for local bank in 20 years
Bank of Queensland shares have fallen by more than 5 per cent amid warnings it will post the first full-year loss by an Australian bank in 20 years.
Banks dudding customers for years - study
Peter Martin AUSTRALIA'S banks have been shortchanging home loan customers for years, and especially since the onset of the global financial crisis, a landmark study has found.
Boost for property owners as rates cut
Peter Martin THE Reserve Bank has cut interest rates to the lowest point since the 2009 financial crisis amid concern that the mining investment boom will peak sooner and lower than expected.
New auditing standards to protect investors
Eric Johnston Australian companies could see more red flags raised over their financial accounts as part of tough new auditing rules set to be rolled out worldwide.
Banks better positioned to pass on rate cut
Clancy Yeates Banks will face intense pressure to pass on any interest rate cut if the RBA moves the cash rate this week, with the big four in a more comfortable position today than when they refused to match...
ANZ cops US fine for 'excessive speculation'
US regulators have punished ANZ and JPMorgan for excessive speculation in cotton markets during one of the most tumultuous periods in the contract's history.
