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Showing 31 - 40 of 53 results for "Basel II"

Juicy Macquarie profit belies revenue fall

MARK SMITH  |  FRIDAY, 26 OCT 2012
Macquarie Group has announced an 18% rise in first-half profit, despite a fall in revenue. The investment bank made $361 million, up from $305 million last year, benefiting from improved market conditions. Despite subdued market conditions, chief executive ...

ANZ to chase more China assets

MARK SMITH  |  FRIDAY, 26 OCT 2012
ANZ chief executive Mike Smith was upbeat about the bank's record $6 billion profit at yesterday's annual result announcement and said the company would target further growth in Asia with acquisitions likely to follow. Smith described the 6% rise in ...

ANZ posts record profits

MARK SMITH  |  THURSDAY, 25 OCT 2012
Australia and New Zealand Banking Group (ANZ) reported record full-year profits driven by growth in its Asian business. Today's announcement showed the bank's end-of-year profit has risen to $5.7 billion, up 6% on last year, but slightly lower than ...

Hybrid securities back in favour

LINDA HAUSKEN  |  MONDAY, 8 OCT 2012
Despite ASIC's decision to sound warning bells over the risks and complexities of hybrid securities, there is a growing appetite in the market for the high rate of return this product can offer investors. The corporate watchdog's warnings follows more ...

APRA issues final Basel III reforms

LINDA HAUSKEN  |  TUESDAY, 2 OCT 2012
The Australian Prudential Regulation Authority (APRA) has issued the long awaited final version of its new bank capital rules, known as Basel III, which are scheduled to come into full effect from next year. The Basel III capital framework was introduced ...

Cash in on overseas asset offload

BEN COLLINS  |  THURSDAY, 6 SEP 2012
... of allocation - from zero to more than 20% - with a strong bias towards domestic real estate. Regulatory changes, like Basel II and III are seeing a shift in the ownership of real assets around the world, said J.P. Morgan Asset Management's head of Global ...

CBA set to launch a $750 million hybrid offer

LINDA HAUSKEN  |  TUESDAY, 4 SEP 2012
The Commonwealth Bank of Australia is set to launch a new hybrid offer on the 12 of September, which is expected to raise $750 million. The CBA's hybrid offer, known as PERLS VI, will qualify as a Tier 1 Capital and will have an initial face value of ...

Investment banking scale down: Barclays

BEN COLLINS  |  MONDAY, 3 SEP 2012
British bank Barclays may scale down its investment banking arm, after new chief executive Antony Jenkins said new regulations would "make some activities in investment banking difficult to make an adequate return on." He said profits would be hit by ...

Aust lags in financial job market

MELANIE TIMBRELL  |  TUESDAY, 17 JUL 2012
Australia is lagging the rest of Asia Pacific in financial services job opportunities. The latest quarterly data from eFinancial Careers showed that while Australia experienced a 37% decline in the number of opportunities in Q2, the average for the ...

Australian finance sector jobs plummet

MELANIE TIMBRELL  |  TUESDAY, 17 APR 2012
Australia has experienced the biggest Asia Pacific slowdown in finance sector jobs in Q1, according to research from website eFinancial Careers. Recording a reduction of 19% in finance sector job opportunities from the previous quarter, Australia lead ...