Financial Services

Santos secures $1bn new debt

by AAP
Energy giant secures additional three-year $1bn bilateral loan facility from ANZ.

NAB lifts business customer standing

by AAP
NAB lift from fourth to equal third in business customer satisfaction, Westpac in top spot.

Goldman Sachs promotes Waldron

John Waldron to replace John S. Weinberg as co-head of investment banking at Goldman.

Banks have a duty to fund coal: NAB

by AAP
NAB chairman Michael Chaney defends of coal-fired power; ANZ stands firm.

The jury is in on higher capital requirements

1 comment
The banking industry has long rallied against higher capital requirements, warning of dire effects. But the evidence suggests their fears are wildly overblown.

NAB says global outlook subdued

Bank says 2015 will be a year of moderate growth, with poor outlook in Japan and Europe.

ANZ tips more challenging 2015

Lender says it remains well positioned to maintain momentum, tips slower economic growth.

NAB, ANZ to respond to Murray review

by AAP
Two of the big four banks expected to use AGMs to respond to looming changes in industry.

EU banks need not fear Russian exposure: ECB

Nouy says weakened rouble no reason to anticipate serious trouble.

Super funds set for modest 2014 returns

Returns expected to slide to 5-8% in 2014 from 17.2% last year, says Chant West.

Hold fire on capital estimates: Murray

FSI chairman hits out at analysts, says amount of extra capital 'impossible to calculate'.

Macquarie, Pepper head GE race

GE Capital bid from Macquarie, Pepper and York Capital seen much higher than rivals.
60 Capital lifts stake in rival fund
Tony Pitt’s boutique funds manager takes step towards takeover play for Allan Fife’s Australian Industrial REIT.

Court approves BoQ's $17m Storm settlement

by AAP
Deal concludes legal proceedings over hefty investment losses in Storm's 2009 collapse.

BoE sees rising eurozone threat to financial system

Financial Stability Report eyes potential for downwardly revised euro growth, says falling oil prices could 'reinforce' geopolitical risks.

One bank fails BoE stress tests

Seven out of eight banks found to have adequate capital under hypothetical crisis scenarios.

A fundamental change for Australia's banking system

12 comments
New liquidity requirements will have a considerable impact on the banks' funding mix, and will mark a broad shift to a safer and more resilient financial system.

China bank deals soar

Firms buying up overseas assets at the fastest pace in ten years: Dealogic.

NAB is a step closer to offloading its British burden

NAB chief executive Andrew Thorburn knows he needs to end the bank's troublesome exposure to its UK assets, but costly conduct provisions could make it hard for a clean UK exit.

NAB to sell £1.2bn UK loan portfolio

Lender to offload suite of higher risk loans from its UK CRE portfolio to Cerberus affiliate.

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