Articles on Banks
Displaying 281 - 300 of 313 articles
UK banking giant Barclays has revealed plans to lay off 1700 branch staff and shrink its branch network as customers embrace online and mobile banking. The street faces of banks are changing quickly. Where…
Like most companies, banks report their profits twice a year. Each time the majors report we see headlines about the size of the profits and implicit or explicit criticism of the amount – this time about…
Reporting season has delivered another round of record bank profits. Yet, in itself, this is no bad thing. Former Reserve Bank governor, the late Sir Harold Knight, used to quip that profitable banks don’t…
ANZ Bank has delivered another record profit, promising shareholders a bigger dividend than expected on the back of cash earnings of A$6.49 billion. But despite the bank’s continued Australian and international…
Two recent incidents have shown that you no longer need to risk life and limb to rob a bank. In September, an attempted cyber-robbery at a London branch of Santander was stopped in its tracks and shortly…
Earlier this month, Australia’s Big Four banks copped a serve over their support of the coal and gas extraction industries, focusing attention on the ways large banks’ investment decisions can put the…
The UK could be about to make a multi-billion pound mistake. Plans to sell-off the 82% share of the Royal Bank of Scotland (RBS) and the 39% share of Lloyds owned by the taxpayer are gaining favour in…
The probability of a financial system collapsing as a result of a large bank collapse exceeds 16% while impact is highly…
Australia Post have every reason to be pleased with their role in the online shopping revolution. They are central to the process by providing a means of converting the virtual into the real, by delivering…
There is a growing chorus of support for introduction of a fee for the protection provided to bank deposits (up to the $250,000 cap) by the Financial Claims Scheme (or deposit insurance as it would be…
The level of sub-prime mortgages in Australia may be far in advance of what was previously assumed and provided for by banks. The story was broken on the ABC, and covered elsewhere. The revelations centred…
The suit lodged against Standard Chartered in Manhattan by the New York State Department of Financial Services has served its first purpose: capturing the headlines and putting the banking industry once…
“Events over the past couple of years have raised profound questions about the ways in which banks and businesses contribute to society. For both to play their full part, they must restore trust and become…
The role of Barclays bank in manipulating the London Interbank Offered Rate (LIBOR) continues to dominate international financial media. The bank has already attracted fines from regulators in the UK and…
Amid the tumultuous economic climate in the US and Europe - not to mention the tumbling fortunes of our sharemarket - the Reserve Bank of Australia has followed market sentiment and cut the official cash…
The Australian dollar has touched below parity with the US dollar for the first time since December last year. This will no doubt disappoint the long line of Australian citizens touring the world, firms…
What happens when two of Australia’s best known former competition regulators sit down together and talk about the world? A wide-ranging discussion on the state of Australia’s political debate, xenophobia…
In Australia’s economic history, there always been tension between Labor and the banks. My grandfather was an adviser to wartime Labor Treasurer and Prime Minister, Joseph Benedict Chifley, better known…
The focus of the statement by the Australia-New Zealand Shadow Financial Regulatory Committee asks whether the systemic importance of the big four Australasian banks warrants special regulatory treatment…
The agenda of the Australian Securities and Investments Commission Annual Summer School in Sydney was dominated by discussions on how to reduce systemic risk. The noted increase in the regulatory perimeter…


















