Please note that as of August 2012, The Bank Investor site is no longer being updated. Australia and New Zealand's best analysis of the banking and finance industry can be found at Banking Day.
Genworth Australia is putting the pieces in place for its planned listing on the Australian Securities Exchange later this year. Over the past month the company has announced the appointment of a new non-executive chairman and a new board member.
Genworth is yet to announce details of its initial
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ANZ and Suncorp are two lenders growing at above system in the home loan market over recent months, with Westpac being the lender showing a notional loss in market share.
Monthly data compiled by the Australian Prudential Regulation Authority shows ANZ growing at around twice the level of the
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National Australia Bank is scouting for more banks to buy in the United States in order to improve the reach of Great Western Bank in select Midwest states.
Doug Bass, regional president in Iowa for Great Western, told the Des Moines Register that the bank wants to have the top two or three
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Macquarie Securities has downgraded Bank of Queensland to Underperform, after the bank's capital-raising and provisioning announcements last week. Macquarie's view is that there is "significant uncertainty around the BOQ model and earnings outlook."
Citi – the adviser to BOQ on its present
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Bank of Queensland is seeking to sell $450 million in new shares, equal to more than a third of its capital base, after announcing a loss for the half year to February 2012 today.
The bank published a simplified version of its six-month profit today alongside a timetable for the capital raising,
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There are few opportunities for banks such as ANZ to buy unwanted banking businesses in Asia thanks to the support for European banks by the European Central Bank, ANZ's chief executive Mike Smith told an investor conference last week.
The injection of liquidity by the ECB (including the most
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Suncorp will be in a position to return around A$500 million of capital from its non-core bank to the core bank, with half of this amount to be distributed in the 2012/13 financial year, according to a UBS review of the group.
Last week, UBS Investment Research published a review of the group's
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The enthusiasm of local and overwhelmingly retail investors for bank hybrid capital securities that count as tier-one capital and are compliant with Basel III may be well and truly be misplaced, if the reaction of international investors to Macquarie Bank's exchangeable capital securities is
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The credit rating on the short-term debt of Macquarie Group - though not of Macquarie Bank - has taken a tumble on Moody's Investors Service's rating scale.
Moody's also cut the long-term debt rating of Macquarie, both for the group and the main banking subsidiary, on Friday.
The credit ratings
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The newly appointed chief executive of St George Bank, George Frazis, will have to help his boss, Westpac chief executive Gail Kelly, show sceptical investors that her takeover of St George was a good move.
At the moment not many think it was. Typical of investor sentiment is this comment from
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One of the few positives for banks over the past year has been the relatively high rate of deposit growth. Business and household deposit rates have grown ahead of lending rates, helping banks move towards their Basel III stable funding ratio and liquidity targets.
However, a joint study by
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A "good bank, bad bank" solution is under discussion at National Australia Bank concerning its underperforming Clydesdale Bank franchise in the UK.
NAB is likely to separate out the retail banking and small business banking operations of Clydesdale from its commercial real-estate business in the
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