Business Banks News
Global Banks Urged To Toughen Up Their Stress-testing
Monday January 19, 2009
GLOBAL banks failed to take into account the interconnected nature of risks when they "stress-tested" lending books, nor did boards play a big enough role in reviewing exposures.Banks Try To Slip Out Of Pub Sector By Back Door
Monday January 19, 2009
THREE of the nation's top banks are approaching their wealthiest individual clients in an attempt to offload part of their $5 billion exposure to the ailing NSW pubs sector, which is struggling to repay its loans amid one of the worst downturns in decades.Local Banks, Hsbc May Vie For Stake
Thursday January 15, 2009
MAJOR Australian banks and offshore giant HSBC could emerge as key contenders for Citigroup's Australian consumer financing business if the global banking giant decides to put its credit-card-to-personal-lending unit on the block.