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Showing 111 - 120 of 139 results for www.thesheet.com

Big banks pursue more exotic securitisation schemes

WWW.THESHEET.COM  |  WEDNESDAY, 11 OCT 2006
ANZ is to double its collateralised loan obligation (CLO) business volumes to $2.2 billion using a deal offered through Resonance Funding Series 2006-1, a special purpose vehicle that will bundle a coupon rate through 110 corporate loans held by the ...

Product complexity blamed for systemic errors

WWW.THESHEET.COM  |  TUESDAY, 10 OCT 2006
Complex product packages of the kind that have become increasingly common in retail banking are a major cause of systemic problems in the banking system, according to the Banking and Financial Services Ombudsman (BFSO). The BFSO issued a report last ...

Westfield raises US$1.5 billion

WWW.THESHEET.COM  |  FRIDAY, 29 SEP 2006
Westfield Group has taken the opportunity to extend the maturity profile of its funding with a US$1.5 billion issue of senior guaranteed notes that were priced into the US corporate debt market last Thursday. The notes were structured in two tranches ...

Broker mortgage market share keeps rising

WWW.THESHEET.COM  |  FRIDAY, 29 SEP 2006
The proportion of broker-originated home loans has risen to 37 per cent and brokers are now writing 45 per cent of new loans, according to the JP Morgan and Fujitsu Consulting Australia mortgage industry report. Brokers' share of originations has grown ...

Adelaide Bank targets growth through wealth management

WWW.THESHEET.COM  |  THURSDAY, 21 SEP 2006
Retiring Adelaide Bank chief executive, Barry Fitzpatrick, said the bank will aim for greater revenue diversification by ramping up the wealth management side of the business. Fitzpatrick's report in the bank's annual report, released yesterday, reveals ...

Commonwealth revives Colonial hybrid

WWW.THESHEET.COM  |  TUESDAY, 19 SEP 2006
Commonwealth Bank's treasury managers have revived a controversial funding structure to sell $700 million in hybrid capital. CBA issued a bland and brief announcement yesterday that said the bank planned to issue ill-defined "Funds Management Securities". ...

Members Equity seeks alternative source of capital

WWW.THESHEET.COM  |  MONDAY, 18 SEP 2006
Members Equity Bank is sounding out investors for the sale of $50 million of deeply subordinated debt, with the bank obliged to consider alternative sources of quasi-equity in light of a series of policy changes by the banking regulator. The Australian ...

CBA takes private banking upmarket

WWW.THESHEET.COM  |  FRIDAY, 8 SEP 2006
The Commonwealth Bank yesterday confirmed reports that it had moved 30 staff out of its private banking operation as part of a restructure of the business that will see it focus more closely on providing financial planning services for its clients. ...

Jury still out on community banking

WWW.THESHEET.COM  |  WEDNESDAY, 6 SEP 2006
Community banking makes us feel warm and fuzzy, but it's such a tiny market niche that it's hard to take it too seriously. Bendigo Bank has reported that almost 50,000 people have around $120 million invested in more than 180 "community bank" franchises ...

Five major banks spend six times more on ads than super sector

WWW.THESHEET.COM  |  FRIDAY, 1 SEP 2006
Bank spending on advertising for traditional, super and insurance products surged during the June 2006 quarter to its highest level in years, according to estimates compiled by AC Nielsen. The five largest banks spent an aggregate $45.5 million on print ...