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Showing 131 - 139 of 139 results for www.thesheet.com

Foreign banks lag locals, but for how long?

WWW.THESHEET.COM  |  FRIDAY, 27 JAN 2006
Despite deregulation of the banking system and foreign banks moving into Australia, local banks still have a mortgage over the banking industry. APRA has just released a quarterly snapshot of the financial performance of all banks that reveals that ...

Another international DB fund bites the dust

WWW.THESHEET.COM  |  THURSDAY, 19 JAN 2006
The National Australia Bank's UK operations have become the latest company to dump their final salary-based defined benefit pension plan in an attempt to control the ballooning costs of such schemes, according to UK reports. Among the major changes ...

Macquarie leads in project finance

WWW.THESHEET.COM  |  TUESDAY, 17 JAN 2006
Macquarie Bank continues to dominate Australasia's project finance markets, well ahead of nearest rival JP Morgan, according to East & Partners' annual Australasian project finance report. Macquarie was involved in more than half of all transactions ...

Door opens on IFRS - or is it the floodgates?

WWW.THESHEET.COM  |  MONDAY, 16 JAN 2006
The International Accounting Standards Board has bowed to criticism of the new International Financial Reporting Standards and agreed to re-open a debate on some of the basics of financial reporting, according to the UK Financial Times. Tom Jones, vice-chairman ...

NAB removes commission bias in the UK

WWW.THESHEET.COM  |  THURSDAY, 12 JAN 2006
National Australia Bank owned UK banks Clydesdale and Yorkshire have revamped their financial advisers' commission structures in response to a survey that found three out of four consumers believe advisers push products that earn them the most sales ...

Ezy Banking shows direct-selling is tough

WWW.THESHEET.COM  |  FRIDAY, 9 DEC 2005
For wealth managers exploring if they can make money from direct, no-advice product, CommBank's Ezy Banking is a product the direct-sellers should study long and hard before launching their own too quickly. Commonwealth Bank's accumulated losses on ...

General Motors mortgages driving down to Australia

WWW.THESHEET.COM  |  WEDNESDAY, 7 DEC 2005
General Motors Acceptance Corp will open a mortgage funding business in Australia during the first quarter of 2006. Few details of GMAC's business plan are clear, however the company has been hiring staff and working with marketers on its plans. As ...

TMIC takes on the mortgage insurance duopoly

WWW.THESHEET.COM  |  TUESDAY, 6 DEC 2005
The Mortgage Insurance Company (TMIC) is set to enter the mortgage insurance duopoly and challenge the stranglehold of PMI and Genworth. TMIC is a captive insurer of mortgage insurance provider Mobius Financial Services. Yet the firm, which operates ...

JB Were establishes mezzanine fund

WWW.THESHEET.COM  |  FRIDAY, 2 DEC 2005
Goldman Sachs JB Were yesterday began public relations and marketing for a short campaign to raise $300 million for a mezzanine debt fund. The new fund will be called Collateral Mezzanine Fund 05. It will be a rare instance of a specialist high yield ...