The tensions continue to go out of the tight conditions in global banking, especially in the eurozone.
Cba
Bartholomeusz: banks rattle the rates cage
Having had a week to think about ANZ’s bold move to distance itself from future Reserve Bank rate decisions, two of its peers have passed up the opportunity provided by their AGMs this week to announce they would emulate it.
Kohler: the big four’s cloak-and-dagger dance
One of the more bizarre rituals of global finance is the Australian Monetary Policy Dance, where we all wait to see whether an adjustment to official interest rates is “passed on”.
Mortgage, interest rate cuts war as serious as the Nullarbor Nymph
Yes, the big four: CBA, ANZ, Westpac and NAB are sitting back and waiting for one of them to bolt from cover, so they others can get a lead on how much of the 0.25% rate cut to pass on.
Banks and competition … what competition?
Where’s the competition in banking that the banks and their industry mouthpiece say is intensifying?
Fund managers, investors on the Lemming Express
Why the shares in probably the safest of the sectors in the market had to be sold yesterday in their millions, and were then bought back in the afternoon, will be the biggest mystery of yesterday’s outing by the lemmings of Australian finance.
Should the property market tumble, taxpayers will foot the bill
Let’s say it again … the big four banks did not save Australia from the global financial crisis.
CBA’s power play on the Hazelwood lemon
The inference of CBA’s assessment is that the total value of the asset bought for $2.35 billion in 1996 is now worth $50 million, writes Giles Parkinson of Climate Spectator.
Banks rewrite GFC history, ignores RBA lifeline
One of the urban myths is that our “strong” banks survived the GFC because of strong regulation.
Business As Usual: Business As Usual: Poor little rich Foxtel, carping over BHP
Poor little rich Foxtel … Carping over BHP … moaning over CBA … China trade snowed under … The China effect on Oz … Grey Days for the Grey Lady.
Essay: Labor acts to keep the bankers honest
The Labor Party has a long and colourful history of trying to keep Australia’s banks on the straight and narrow. Has it succeeded? asks Christopher Joye.
Kohler: The broker who knew too much
Commonwealth Bank’s shambolic share placement raises two questions of substance, writes Alan Kohler.
CBA gives a nudge and wink: ditch non-bank lenders
It would have been irresponsible for CBA CEO Ralph Norris to simply tell borrowers to ditch non-bank lenders, to declare borrowers will be hit with significantly higher rates from that quarter, that they’re not as “safe”. That might have sparked something of run on the non-bank businesses. So he did it with a careful nudge and a wink instead.
What’s really gone down in the CBA’s Treasury? It’s confidential
Why two senior executives were departed from the CBA on Monday remains confidential and CEO Ralph Norris is keeping it that way, writes Michael Pascoe.
Real journalists write the story
That not being there is sometimes the best place for a journalist to be was something I learned early on in my career as a Canberra journalist.
