Daily Dispatches: ANZ is all cashed up

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ANZ is sitting on an estimated $5.9bn to $7.3bn of excess capital, as chief executive Mike Smith continues to roll out his super-regional bank strategy. (The Australian)

CBA is resisting moves to have its chief, Ralph Norris, appear before a parliamentary committee investigating the collapse of Storm Financial, as panel members argue that only the head of the bank can properly answer allegations put to them. (The Australian)

And Storm Financial founder Emmanuel Cassimatis is tipped to make a star appearance at an inquiry into the collapse of his multimillion-dollar empire. (Courier Mail)

Competition in the home loan market has collapsed, with the big four banks now writing almost every new mortgage as small lenders are squeezed out of contention. (Business Day)

Rural Bank has delayed finalising its $520 million securitisation issue until conditions in debt markets improve. (The Australian)

Worrying about the looming threat of unemployment can be more damaging to a person's health than actually being jobless. (Daily Telegraph)

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