NAB has retired its branded Virgin Australia Velocity Frequent Flyer credit cards as the bank shifts its focus to its own-brand NAB Rewards cards instead, reports Australian Business Traveller. For existing VA cardholders, the point earning scheme remains unchanged. Newcomers looking to earn Velocity points can do so via NAB's Rewards Classic, Platinum and Signature cards, but the number of points earned per dollar spent are calculated differently, and need to be manually converted to upgrades or flights. Flybuys are no longer available to new NAB cardholders, although NAB's Qantas branded Visa cards are still in play. And, as flagged last year, all NAB American Express cards will be switched off on 21 February 2018. ANZ has finalised the sale of six retail and wealth businesses in Indonesia, China, Hong Kong, Taiwan and Singapore to DBS Bank, a deal originally announced in October 2016.  ANZ also finalised the sale of its retail business in Vietnam to Shinhan Bank at the end of 2017.  Farhan Faruqui, group executive for ANZ International, said the sale of these retail businesses in Asia would allow the bank to concentrate its efforts onto "supporting large corporate and institutional customers moving goods and capital across the region". ASIC has published the finding of a 22-month surveillance of Australia's six licensed credit rating agencies: A.M Best Asia-Pacific Limited, Australia Ratings Pty Ltd, Equifax Australasia Credit Ratings Pty Limited, Fitch Australia Pty Limited, Moody's Investor Services Pty Limited and S&P Global Ratings Australia Pty Ltd. ASIC's surveillance focused on the agencies' governance arrangements (including conflicts of interest and corporate structure), transparency and disclosure from 1 January 2016 to 31 October 2017. Six recommendations have been made for improvements covering board responsibilities, corporate governance, quality assurance reviews, and evaluations of credit rating files. The full report is here. January 2018 was a very quiet time for syndicated loan teams across the Asia-Pacific region, according to Thomson Reuters Monthly Loan Market Stats report. Australasia accounted for 6.9 per cent of total activity in the APAC region, with just a single US$400 million deal at the end of January 2018 - on a par with Southeast and South Asia which had loan volume of US$430 million from one deal (7.6 per cent of regional volume). While the major share of activity was concentrated in Northeast Asia, where the volume of syndicated and club loans issued was US$4.8 billion via 13 deals at the end of Jan 2018. This was the lowest recorded volume since 2014, noted Thomson Reuters analysts. Fitch Ratings has assigned final ratings to National RMBS Trust 2018-1's pass-through mortgage-backed floating-rate notes. The issuance consists of notes backed by prime, first-ranking mortgages originated by National Australia Bank Limited. The ratings are as follows: A$1.54 million Class A1-A notes: 'AAAsf'; $300 million Class A1-G notes: AAAsf; $70 million Class A2 notes: AAAsf. All other classes were not rated by Fitch. The notes were issued by Perpetual Trustee Company Limited in its capacity as trustee of