Publication: Banking Day

First reported Aug 22 2014 - Updated 15 hours ago - 1 reports

Murray: Australia cannot avoid further bank regulation

In a presentation at yesterday's Centre for International Finance and Regulation workshop on the Financial Services Inquiry, its chairman, David Murray, outlined the extent of his panel's discussions and hinted at what remains to be done.The content of ... [Published Banking Day - Aug 22 2014]
First reported Aug 22 2014 - Updated Aug 22 2014 - 1 reports

Cash Converters adapts to new payday lending rules

Payday lender Cash Converters bounced back in the June half, after struggling in the first half of the financial year with the introduction of a tougher regulatory regime for small-amount short-term lenders.Net profit dropped more than 60 per cent in ... [Published Banking Day - Aug 22 2014]
First reported Aug 22 2014 - Updated Aug 22 2014 - 1 reports

Mortgage Choice loses share

:58amBroker franchise group Mortgage Choice fell below system growth in loan approvals and also growth in the value of its loan book during the year to June.Approvals were up 17.3 per cent to A$12.2 billion and the loan book grew 4.6 per cent to $47.4 ... [Published Banking Day - Aug 22 2014]
First reported Aug 22 2014 - Updated Aug 22 2014 - 1 reports

AMP Bank shifts the focus to productivity

AMP Bank met its target for above-system growth in mortgages during the six months to June but said it would have to focus more on productivity and customer retention in a market characterised by "intensified" competition for mortgage sales.AMP Bank's ... [Published Banking Day - Aug 22 2014]
First reported Aug 22 2014 - Updated Aug 22 2014 - 1 reports

Briefs: Meter running for Cabcharge, St George's fingerprint log-on, banks misbehaving, and more

:54amAn apparent lift in market share among taxi drivers in Victoria allowed Cabcharge to offset most of the impact of a curb in its service fee. Cabcharge, in its full year results, said it experienced growth of six per cent in turnover on its Cabcharge ... [Published Banking Day - Aug 22 2014]
First reported Aug 22 2014 - Updated Aug 22 2014 - 1 reports

Bankers Association calls for non-regulatory changes

The banking industry will be suggesting that, when making its  final recommendations, the Financial Services Inquiry "take into account a number of points"  - most of which involve minimal changes to the existing system.The thoughts of the Australian ... [Published Banking Day - Aug 22 2014]
First reported Aug 22 2014 - Updated Aug 22 2014 - 1 reports

emerchants takes a gamble on growth

:57amPrepaid card supplier emerchants is betting on revenue from a pipeline of new business to turn its fortunes around. The company made a loss of A$5.4 million for the year to June – slightly more than the A$5.3 million it lost in 2012/13.The company ... [Published Banking Day - Aug 22 2014]
Entities: Prepaid Card, Supplier
First reported Aug 22 2014 - Updated Aug 22 2014 - 1 reports

No long-term benefits gained by tech trailblazers

Australia’s major banks spend billions of dollars each year on technology – but they should not expect a sustainable competitive advantage in return.Speaking at a Trans-Tasman Business Circle event in Sydney yesterday, Jarrod Martin, Credit Suisse banking ... [Published Banking Day - Aug 22 2014]
First reported Aug 22 2014 - Updated Aug 22 2014 - 1 reports

More frequent reviews would sharpen the focus on competition, says Hilmer

One way to get more competition in the financial services industry would be to conduct more frequent reviews of the industry with a focus on competition issues, according to Fred Hilmer, the vice-chancellor of the University of New South Wales.Hilmer, ... [Published Banking Day - Aug 22 2014]
First reported Aug 21 2014 - Updated Aug 21 2014 - 1 reports

Tax Office ruling hits Bitcoins with double GST

Bitcoin and similarly constructed digital currencies will not be treated as money or foreign currency by the Australian Taxation Office.The ATO’s landmark guidance means that Bitcoin won’t be treated the same way as money for tax purposes. Instead, ten ... [Published Banking Day - Aug 21 2014]
Entities: Bitcoin, Taxes, ATO
First reported Aug 21 2014 - Updated Aug 21 2014 - 1 reports

'Scant' yields bother Glenn Stevens

RBA governor Glenn Stevens surveyed rates markets in a cogent manner for the House of Representatives Standing Committee on Economics in Brisbane yesterday."Perhaps the most remarkable feature of the international scene at present is the exceptionally ... [Published Banking Day - Aug 21 2014]
First reported Aug 21 2014 - Updated Aug 21 2014 - 1 reports

Briefs: MacBank under fire again, Atlas finds a seat at ANZ, research finds multi-brands 'misleading', and more

:51amMacquarie Group’s alleged favoured treatment of advisers and their wealthy customers in the 2008 BrisConnections float is being questioned, while the company, for its part, has declined to detail how it would address potential complaints, The Australian ... [Published Banking Day - Aug 21 2014]

Quotes

He said: "If you look at the political response to the crisis, it was..."
"Perhaps the most remarkable feature of the international scene at present is the exceptionally low volatility of financial prices" he said
...They added that shares in Suncorp were in the black, "to the tune of approximately 15 per cent year to date and about 21 per cent over the past twelve months."
Swan writes that such a merger "would have left us with just three banks … I was never going to be turning for this."

More Content

All (233) | News (233) | Reports (0) | Blogs (0) | Audio/Video (0) | Fact Sheets (0) | Press Releases (0)
sort by: Date | Relevance
Murray: Australia cannot avoid further bank reg... [Published Banking Day - Aug 22 2014]
More frequent reviews would sharpen the focus o... [Published Banking Day - Aug 22 2014]
No long-term benefits gained by tech trailblazers [Published Banking Day - Aug 22 2014]
AMP Bank shifts the focus to productivity [Published Banking Day - Aug 22 2014]
Mortgage Choice loses share [Published Banking Day - Aug 22 2014]
Cash Converters adapts to new payday lending rules [Published Banking Day - Aug 22 2014]
emerchants takes a gamble on growth [Published Banking Day - Aug 22 2014]
Bankers Association calls for non-regulatory ch... [Published Banking Day - Aug 22 2014]
Briefs: Meter running for Cabcharge, St George'... [Published Banking Day - Aug 22 2014]
Murray gets amongst the 'citizens' [Published Banking Day - Aug 21 2014]
Ring-fencing would solve resolution problems, D... [Published Banking Day - Aug 21 2014]
AUD fixed income investors see hybrids, sub deb... [Published Banking Day - Aug 21 2014]
'Scant' yields bother Glenn Stevens [Published Banking Day - Aug 21 2014]
Tax Office ruling hits Bitcoins with double GST [Published Banking Day - Aug 21 2014]
Suncorp Bank's core tech upgrade on track to de... [Published Banking Day - Aug 21 2014]
Briefs: MacBank under fire again, Atlas finds a... [Published Banking Day - Aug 21 2014]
Veda accused of breaching the Credit Reporting ... [Published Banking Day - Aug 20 2014]
Swan prepared as the crisis hit [Published Banking Day - Aug 20 2014]
Credit and structural differences will impact M... [Published Banking Day - Aug 20 2014]
QBE to float part of its QBE LMI holding [Published Banking Day - Aug 20 2014]
Financial conditions easing, says RBA [Published Banking Day - Aug 20 2014]
NZ's Paymark plans online EFTPOS [Published Banking Day - Aug 20 2014]
Bad debt cycle may have turned [Published Banking Day - Aug 20 2014]
Briefs: Macquarie under fire over BrisConnectio... [Published Banking Day - Aug 20 2014]
PPSA needs to be clarified and simplified [Published Banking Day - Aug 20 2014]
SAI Global repositions for the Pexa world [Published Banking Day - Aug 18 2014]
Household reliance on credit card debt in long-... [Published Banking Day - Aug 18 2014]
Not much customer loyalty in financial services [Published Banking Day - Aug 18 2014]
ALDI's surcharge disclosure not up to scratch [Published Banking Day - Aug 18 2014]
Briefs: CBA ad buying account hotly contested, ... [Published Banking Day - Aug 18 2014]
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