Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 3021 - 3030 of 5948 results for "Banks"

May Day happy day

BENJAMIN ONG  |  FRIDAY, 3 MAY 2013
... 1.00%. The rate on the deposit facility will remain unchanged at 0.00%". The short version: extension of unlimited lending to banks until mid-2014. These were both largely expected. What weren't were: "Third, the Governing Council decided to start consultations ...

EBX launches online tool to purchase endowment bonds

LAURA MILLAN  |  THURSDAY, 2 MAY 2013
... as endowment bonds. The EBX Endowment Bond is a fixed income product backed by a pool of deposits with several Australian banks, as well as State Government bonds. The investor can select which bond to purchase and choose its maturity date in a range ...

Basel III to see banks focus on longer-term depositors

MARK SMITH  |  THURSDAY, 2 MAY 2013
The requirement to match assets and liabilities under new regulatory proposals will see Australian banks move to a model where customers owning more products, according to ING DIRECT's executive director distribution Lisa Claes. Although the final details ...

Market Wrap PM

AAP  |  THURSDAY, 2 MAY 2013
... dived seven cents, or 1.69 per cent, to $4.06 and Newcrest tumbled 20 cents, or 1.22 per cent, to $16.25. The four major banks also had a negative start after recent gains. ANZ lost 15 cents to $31.54, National Australia Bank dropped 11 cents to $33.84 ...

Market Wrap PM

AAP  |  WEDNESDAY, 1 MAY 2013
... events, including the release of Chinese manufacturing figures on Wednesday and weak European and US data with their central banks meeting this week to nut out policy positions. "Given the strong run in high yielding stocks recently, investors are probably ...

Market Wrap PM

AAP  |  TUESDAY, 30 APR 2013
Australian stocks have opened firmer, with the big retail banks leading the broader market higher. ANZ had risen 4.72 per cent, or $1.42, to $31.52 at the start of trade, after reporting a one per cent lift in first half net profit. In percentage terms ...

Market Wrap

AAP  |  TUESDAY, 30 APR 2013
... marketer McPherson's has its general meeting. In Australia, the market on Monday closed on a positive note as the four major banks lifted the market. The benchmark S&P/ASX200 index was UP 28.3 points, or 0.56 per cent, at 5,125.8 points, while the broader ...

Market Wrap PM

AAP  |  MONDAY, 29 APR 2013
The Australian market has opened higher, led by gains for the four major banks. IG markets strategist Stan Shamu said the local market has been dragged higher by the major financial stocks, and the mining giants did not fall as hard as expected after ...

Banksia sells loan portfolio to Deutsche Bank

LAURA MILLAN  |  MONDAY, 29 APR 2013
Receivers and managers of Banksia Securities Limited, McGrathNicol, and trustee, The Trust Company announced the sale of Banksia's performing loan portfolio to Deutsche Bank with a face value of $238.8 million. McGrathNicol announced that there will ...

Changes in board culture, key to avoid risk

LAURA MILLAN  |  FRIDAY, 26 APR 2013
... Australian Prudential Regulation Authority (APRA) have brought extra costs to superannuation funds, insurers, fund managers and banks, which now see the need to operate more efficiently and transparently. Risk Board is a Sydney-based consultancy firm ...