K62 Finance

Bank raisings satisfy capital requirements

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Original article by Clancy Yeates
The Australian Financial Review – Page: 17 : 14-Aug-15

Australia’s big four banks have asked shareholders for a combined $A8 billion in new capital. The banks need extra funds to meet new regulatory requirements. Credit Suisse analyst Jarrod Martin estimates that the banks need $A28 billion in total. Analysts believe that any further increases in capital requirements will be met through retained earnings and dividend reinvestment plans.

CORPORATES
COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, WESTPAC BANKING CORPORATION – ASX WBC, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, BELL POTTER SECURITIES LIMITED, DEUTSCHE BANK AG

Bank raisings satisfy capital requirements

roymorgansocial Leave a comment

Original article by Clancy Yeates
The Australian Financial Review – Page: 17 : 14-Aug-15

Australia’s big four banks have asked shareholders for a combined $A8 billion in new capital. The banks need extra funds to meet new regulatory requirements. Credit Suisse analyst Jarrod Martin estimates that the banks need $A28 billion in total. Analysts believe that any further increases in capital requirements will be met through retained earnings and dividend reinvestment plans.

CORPORATES
COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, WESTPAC BANKING CORPORATION – ASX WBC, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, BELL POTTER SECURITIES LIMITED, DEUTSCHE BANK AG

Housing ‘fascination’ won’t make us rich

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Original article by Jacob Greber
The Australian Financial Review – Page: 5 : 13-Aug-15

Almost 75 per cent of the increase in the ratio of net wealth to gross domestic product since the late 1980s is due to higher land prices. This is distinct from the value of houses built on that land, according to Reserve Bank of Australia deputy governor Philip Lowe, who claims Australia’s fascination with housing is in reality a fascination with land. He also concludes the obsession with property is not making the nation better off as a whole, with low interest rates implying low returns for savers and low underlying returns on assets.

CORPORATES
RESERVE BANK OF AUSTRALIA

ANZ-Roy Morgan Australian Consumer Confidence stutters

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 12-Aug-15

The ANZ-Roy Morgan Consumer Confidence rating for Australia fell 0.4 per cent to 112.5 in the week ended 9 August 2015, after rising 5.5 per cent over the previous three weeks. Households’ views of their current finances declined 2.7 per cent while expectations of the economic outlook declined over both the next year and next five years, by 1.5 per cent and 5.3 per cent respectively. ANZ Bank chief economist Warren Hogan says that the Australian consumer confidence "remains highly vulnerable to a negative economic or financial shock".

CORPORATES
ROY MORGAN RESEARCH LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

Westpac tips Aussie at US70c by end of 2015

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Original article by Rose Powell
The Australian Financial Review – Page: 31 : 11-Aug-15

The Australian dollar is likely to continue to fall. Westpac expects the currency to decline to $US0.70 at the end of 2015. Westpac chief economist Bill Evans explains that the bank revised its forecast from $US0.72 to reflect lower forecast for global growth for both 2015 and 2016.

CORPORATES
WESTPAC BANKING CORPORATION – ASX WBC, UNITED STATES. FEDERAL RESERVE BOARD, RESERVE BANK OF AUSTRALIA, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, OANDA AUSTRALIA PTY LTD

Big banks make overtures to home buyers

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Original article by Duncan Hughes
The Australian Financial Review – Page: 48 : 6-Aug-15

Australian lenders are actively targeting the owner-occupier segment of the residential property market, due to new restriction on lending to property investors. Westpac-owned regional banks are offering a range of incentives for owner-occupiers, while some smaller lenders are reducing their loan-to-value ratios in a bid to gain market share from their larger peers.

CORPORATES
WESTPAC BANKING CORPORATION – ASX WBC, ST GEORGE BANK LIMITED, BANK OF MELBOURNE LIMITED, CAPITAL HOMELOANS PTY LTD, BLUEBAY HOME LOANS PTY LTD, LIBERTY FINANCIAL PTY LTD, MORTGAGE AND FINANCE ASSOCIATION OF AUSTRALIA

ANZ-Roy Morgan Australian Consumer Confidence edges higher

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 4-Aug-15

The ANZ-Roy Morgan Consumer Confidence rating for Australia rose by 0.4 per cent to 112.9 in the week ended 2 August 2015. Consumer confidence has recovered from the lows experienced three weeks ago (up 5.5 per cent from the recent low). However, confidence remains subdued and is down 1.8 per cent compared with a year ago. While an improvement in consumers’ views about the economic outlook has helped the lift in overall confidence more recently, views towards current financial conditions remain the highlight. Consumers’ view of their personal finances compared with a year ago reached the highest levels in the history of the weekly confidence survey.

CORPORATES
ROY MORGAN RESEARCH LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

ANZ-Roy Morgan Australian Consumer Confidence edges higher

roymorgansocial Leave a comment

Original article by Roy Morgan Research
Market Research Update – Page: Online : 4-Aug-15

The ANZ-Roy Morgan Consumer Confidence rating for Australia rose by 0.4 per cent to 112.9 in the week ended 2 August 2015. Consumer confidence has recovered from the lows experienced three weeks ago (up 5.5 per cent from the recent low). However, confidence remains subdued and is down 1.8 per cent compared with a year ago. While an improvement in consumers’ views about the economic outlook has helped the lift in overall confidence more recently, views towards current financial conditions remain the highlight. Consumers’ view of their personal finances compared with a year ago reached the highest levels in the history of the weekly confidence survey.

CORPORATES
ROY MORGAN RESEARCH LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

Mobile banking tipped to wipe 600 branches

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Original article by James Eyers
The Australian Financial Review – Page: 14 : 3-Aug-15

A UBS report forecasts that the growing shift to the use of mobile banking services will result in a 5.6 per cent reduction in the number of bank branches globally. Australian bank executives who participated in the UBS survey expect local bank branch numbers to be slashed by 11 per cent in coming years, which would equate to 603 branches. The survey also forecasts that the proportion of banking transactions carried out using mobile technology will rise from 25 per cent to 46 per cent in the next three years.

CORPORATES
UBS AG, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, SCENTRE GROUP – ASX SCG, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, NAB VENTURES

ANZ-Roy Morgan Australian Consumer Confidence Creeps Higher

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 28-Jul-15

The ANZ-Roy Morgan Consumer Confidence rating for Australia rose by 0.6 per cent to 112.5 in the week ended 26 July 2015. This follows a rise of 4.5 per cent in the previous week, driven by easing concerns around the Greece debt crisis and China stock market volatility. Despite this bounce, consumer confidence remains subdued and is down 3.2 per cent compared with this time in 2014. The sub-index for households’ finances in the next year rose by 1.1 per cent, but the sub-indices for confidence in the economic outlook over the short-term and medium term fell by 1.4 per cent and 0.5 per cent respectively.

CORPORATES
ROY MORGAN RESEARCH LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ