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Australian banks
How to fix APRA’s bank capital rules
Leith van Onselen
6 years ago
Australia’s captured financial regulators need policing
Cross-posted from The Conversation: A Productivity Commission report analysing competition in the financial sector has pointed out that our finance regulators have become enablers of an industry that is an impediment to our economic competitiveness and exploitative of their most loyal customers.
Guest
6 years ago
18
ABC The Business does the Banking Royal Commission
By Leith van Onselen ABC’s The Business has done an interesting segment on the Banking Royal Commission, which is worth a look.
Leith van Onselen
6 years ago
31
Royal Commission backs banks’ money gags
Via Australia’s last journalist standing, Adele Ferguson: Farcical, damp squib, paper tiger, stillborn.
David Llewellyn-Smith
6 years ago
14
Genworth’s ponzi-giveaway rolls on
The great Genworth ponzi scheme rolls on today with $369bn in gross written premium: Secured by just $2bn in capital: And today: Genworth indicated it would re-start its previously announced $100 million buyback.
David Llewellyn-Smith
6 years ago
11
Could interest-only crackdown trigger a US-style housing bust?
By Leith van Onselen ABC’s 7.30 Report ran an interesting segment last night examining whether APRA’s interest-only mortgage crackdown could potentially trigger a US-style housing bust.
Leith van Onselen
6 years ago
31
Sleazebank rains on ASX parade
David Llewellyn-Smith
6 years ago
Productivity Commission slams mortgage bias of ‘Four Pillars’
By Leith van Onselen The Productivity Commission (PC) has released its 630-page Draft Report into Competition in the Australian Financial System, which proposes several reforms to Australia’s financial system.
Leith van Onselen
6 years ago
7
US shows Australia how to discipline a rotten bank
Via the Federal Reserve: Responding to recent and widespread consumer abuses and other compliance breakdowns by Wells Fargo, the Federal Reserve Board on Friday announced that it would restrict the growth of the firm until it sufficiently improves its governance and controls.
David Llewellyn-Smith
6 years ago
10
Fresh allegations for Sleaze Bank
Lordy, just how dirty is it?
David Llewellyn-Smith
6 years ago
17
Gottiboff: Banks frozen as apartments crash
Via the ‘Boff today: Nowhere in Australia are there more danger signals than in inner city apartments.
David Llewellyn-Smith
6 years ago
39
Australian mortgage arrears fall in November
Via S&P: This is a seasonally strong period for arrears but the trend is down now: Majors are seeing 30-90 day arrears collapse.
David Llewellyn-Smith
6 years ago
5
15 bank inquiries and counting…
David Llewellyn-Smith
6 years ago
1
Stung! Major banks caught ponzifying FHBs
Via News: COMMONWEALTH Bank is encouraging struggling first home buyers to borrow 100 per cent of the value of a property using their parents’ home as security, describing the highly risky strategy as a “great option”.
David Llewellyn-Smith
6 years ago
79
Creighton: Basel capital rules have caused financial systems serious harm
Leith van Onselen
6 years ago
10
Gluttonous Aussie banks pause from binging on offshore debt
Leith van Onselen
6 years ago
2
S&P: Home loan arrears fell in October
From Standard and Poors: MELBOURNE (S&P Global Ratings) Dec. 18, 2017 — Delinquent housing loans underlying Australian prime residential mortgage-backed securities (RMBS) fell to 1.04% in October from 1.08% in September, according to a recent report by S&P Global Ratings.
Guest
6 years ago
5
AUSTRAC expands CBA terrorism allegations
Via The Australian: The anti-money laundering agency has dramatically expanded its suite of allegations against the Commonwealth Bank, with new claims the nation’s largest bank failed to adequately monitor suspected terrorist financiers and alert them to authorities.
David Llewellyn-Smith
6 years ago
19
AUSTRAC piles pain upon Sleaze Bank
Via the AFR: AUSTRAC will up the ante in its case against the Commonwealth Bank of Australia, with the transactions regulator expecting to file fresh allegations on Thursday that it breached the law 100 additional times while facilitating banking by criminal syndicates involved in money laundering and terrorist financing.
David Llewellyn-Smith
6 years ago
10
David Murray slams Banking Royal Commission
David Murray did a terrific job of his banking inquiry and he may have a point today: Australia has moved from a banking royal commission proposal that was not needed on either stability or economic hardship grounds, to one which is needed to rebuild trust and confidence to protect the stability we already have.
David Llewellyn-Smith
6 years ago
13
Macroprudential 2.0 pulls handbrake on interest-only mortgages
APRA released its Sep QTR banking property exposures yesterday and we can update progress of the MP2.0.
David Llewellyn-Smith
6 years ago
8
The Banking Royal Commission fix is in
Via Banking Day: Kenneth Hayne, 72, a conservative and a former justice of the High Court of Australia has the gig as the sole commissioner of the planned royal commission into misconduct in financial services.
David Llewellyn-Smith
6 years ago
30
RC hits bank credit market with a whimper
The AFR is feeding the panic: Foreign investors say the Turnbull government’s snap Royal Commission into the Australian financial services sector is a new deterrent to investing in the country’s banks and will further challenge their profit growth at a time of elevated risks in the property market.
David Llewellyn-Smith
6 years ago
16
All you really need to know about the Bank Royal Commission
David Llewellyn-Smith
6 years ago
11
Evil Anna must resign or be sacked
Via AFR comes Evil Anna: Homeowners face the prospect of higher mortgage rates as a result of the royal commission into the banks, the Australian Bankers’ Association has warned.
David Llewellyn-Smith
6 years ago
44
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