Financial Services

No changes for NAB after Scotland vote

by AAP
Bank says referendum result means 'business as usual'.

Don't bank on a break-up to solve the financial system's flaws

1 comment
Breaking up the major Australian banks in order to boost competition would likely have a destabilising effect, and it wouldn't address the sector's biggest problem.

Macquarie completes $420m bookbuild

Macquarie Bank allocates $420m to brokers, institutional investors at 3.3% margin.

Former Goldman exec warns of ‘day of reckoning’

Alastair Walton calls for shake-up of nation’s financial system to reduce banks' power: report.

ASX buys 49% stake in Yieldbroker

ASX looks to bulk up derivatives trading business by claiming stake in electronic markets firm.

ECB bank loan uptake disappoints

Initial take-up of four-year loan facility below expectations, could raise doubts on program's efficacy.

Embattled van Eyk seeks buyer

Administrator calls for formal expressions of interest in the fund manager.

Red tape slowing cross-border deals

Regulation risks stifling a new era of cross-border merger activity, BAML argues.

Global exposure aids super funds

Australian median-growth super funds have outperformed the ASX because of their offshore exposures.

ASX snaps up 49% stake in Yieldbroker

The bourse operator has paid $65m to invest in the electronic trading platform.

CEO golden parachutes cut by 70%

Top Australian CEOs pay at lowest point for a decade, but still 63 times average worker.

Sydney broker suspected of financing terror

by AAP
Austrac suspends Bisotel Rieh's licence after $9 million reporting discrepancy.

Banks fined over misleading advertising

NAB, Westpac caught in corporate regulator's crackdown, will pay a combined $60,000 in fines.

China injects $90bn into banks

PBOC to inject fresh liquidity into five state-owned banks in bid to counter worse-than-expected slowdown.

ICBC to clear yuan transactions

by AFP
Industrial and Commercial Bank of China selected to clear yuan transactions in Luxembourg.

G20 has to tackle failures: APRA

Wayne Byres calls on G20 nations to ­continue reducing risks from 'too big to fail' banks.

Ray White launches financial planning arm

Real estate firm makes entrance into competitive financial advice sector.

Analysts flag NAB capital raising

Analysts say NAB could weigh a $4bn capital raising at its upcoming annual result.

US probes Florida unit of Banco Esperito Santo

Regulators join multi-national effort to untangle dealings of collapsed Portuguese bank.

QIC tips growth in Asian issuances

The hedge fund manager expects Chinese corporates will lead the way in Asian fixed-interest issues.

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