In August 2018, the Commonwealth Bank raised $3.5bn by issuing a dual tranche three and five year bond deal at a credit spread of 73 basis points (bps) and 93bps (respectively), in what was the largest corporate bond transaction since the Global Financial Crisis. Three months later Westpac took over... Show More
Gold prices have steadied in the last few trading days, after correcting over the last month in the face of a rallying USD, and a sharp unwind in speculative positions. Show More
Despite PNG’s shaky economy, bancassurer Kina Securities is in good shape. For individuals who aren’t, MyFiziq has just the app to help them shed their excess flab. Show More
Seth Merrin, the well-renowned founder of Liquidnet in New York says he’s seeing “a massive amount of interest amongst venture capitalists in FinTech” in the U.S. because they believe that Asset Managers, Brokers and Bankers could all be massively disrupted over the next 5-10 years. Merrin singles out the asset... Show More
Nick Griffin from K2 Asset Management is based in the UK and provides his views on the outlook for Australia through an offshore lens. Griffin explains that the free-floating currency has absorbed a lot of the shock to the Australian economy of falling commodity prices and the Chinese slowdown. This... Show More
Why HSBC is not the horse you want to bet on: Saxo Bank's Peter Garnry VIDEO: HSBC has been trending downwards over the past two years with highly volatile performance, and Saxo Bank Head of Equity Strategy Peter Garnry is worried. HSBC posted results earlier this week, announcing a large... Show More
'Steady' stocks and why they may be too good to be true: Morningstar equity analyst Brett Horn. Brett Horn, Equity analyst at Morningstar, looks at two stable bank technology companies: Fiserv and Jack Henry to demonstrate the challenges of stock picking. Fiserv and Jack Henry's businesses are in core processing; offering... Show More
Sharon Fay, the Head of Equities at Alliance Bernstein says the Chinese market is cheap at the moment and she's particularly interested in their Banks. It tends to be a good entry point when everyone hates something but even then we are treading carefully because they have a lot of... Show More
With Deutsche Bank posting a surprising fourth quarter loss, it's time to give credit to just how much Bernanke and the Fed did for the US banking system. Deutsche Bank saw declining demand for banking services as well as lower debt trading revenue and a spike in legal costs. While... Show More
NAB has been outperforming its peers in the last 12 months, posting the highest total return of 44%. NAB's underperformance in recent times has been attributed to its UK banking arm, with investors discounting the bank for holding the assets. However, in a reversal of fortunes, confidence and stability has... Show More
Following APRA's warning to banks not to lower lending standards, the head of the Australian Bankers' Association - lobby group for the banking sector - has warned against imposing mortgage limits as this would push first home buyers out of the market. APRA released data last month that showed high-risk... Show More
In his Monday morning report, Austin Mitchum, senior market analyst at First Prudential Markets, notes that the market is pricing in a strong set of numbers and a dividend increase as the major banks prepare to report their earnings. However, he reminds investors that back in May, when the major... Show More
Joe Zhang, ex-deputy head of China investment banking at UBS, talks about his role as a Chinese shadow banker. Since 2011, Zhang has run a microcredit firm in Guangzhou, which provides loans to thousands of small-scale entrepreneurs. He argues that shadow banking has been wrongly demonised despite serving a legitimate... Show More
ZHThe People's Bank of China (PBOC) released an official statement addressing directly the latest liquidity conditions in the banking system and indicating that the central bank intends to maintain sufficient liquidity conditions in the interbank market. As Goldman notes, this clear communication of policy intentions is highly important to guide... Show More
Excellent video commentary from Charlene Chu on China: A lot of people are aware we have had a large expansion of credit in China but they are not aware of the magnitude. By the end of this year, China's banking system will have increased by US$14 trillian in assets which... Show More
Nomura has become the latest global investment bank to scale back its Australian equities business, in a move that will see head of equities Andrew Norman and about 30 employees let go. The Tokyo-based investment bank is aligning its local operations with a global model that combines equities and fixed... Show More