Balanced returns set for bond aggregator 19 February 2018 4:52PM The new housing bond aggregator "is required to take a commercial approach, achieve a benchmark rate of return," the draft investment mandate declares. read more
Brief: Talk of Tanner to go, Nimble seeks buyer 19 February 2018 4:49PM Bank of Melbourne founder Scott Tanner is reportedly resigning as chief digital officer at Westpac and leaving the bank. read more
Macquarie frames NPP catch up 16 February 2018 5:21PM Macquarie Bank is aiming to open up the new real time payment service for its customers by the end of this year and maybe earlier, the bank said yesterday. read more
Brief: ANZ finalises Asian retail business sell-off, Virgin Frequent Flyer cards, NAB bumps ASIC rat 16 February 2018 5:13PM 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. read more
Foreign news: Large Indian bank hit by $1.8 billion fraud, Fannie Mae begs for bailout, FCA looking 15 February 2018 5:18PM One of India's largest lenders has announced that "fraudulent and unauthorised transactions" worth almost US$1.8 billion had been made at one of its branches in Mumbai. read more
Big banks spoil NPP debut 14 February 2018 5:34PM Credit unions, building societies and mutual banks look to be the champions of the day, as Australia's New Payments Platform made an uneasy debut first thing Tuesday morning. Three big banks - ANZ, NA.. read more
Mutual ADIs in accord on truth in real time payments 14 February 2018 5:33PM The NPP remains anything but "part of the mainstream", with small, often mutual, ADIs connecting through Cuscal, Australian Settlements and Indue accounting for the 50 or so safe arrivals into the wor.. read more
Firstmac's online lending arm cuts rates to record low 14 February 2018 5:25PM Online lender loans.com.au, a subsidiary of noted non-bank Firstmac, has claimed a new low for home loan interest rates by slashing its variable rate to 3.52 per cent. read more
Foreign news: Chinese banks ramp up lending book 14 February 2018 5:22PM Chinese banks in January extended a total of 2.9 trillion yuan (US$461 billion) in new loans, up 396 per cent from the previous month, hitting a historic high. read more
Briefs: Ratesetter swipes at bank margins, Vic tries for cheap home loans, ANZ offshoring kiwi roles 13 February 2018 5:12PM A review of RBA and bank data by peer-to-peer lender RateSetter has revealed the extent to which bank margins - the gap between deposit rates and consumer lending rates - are widening in Australia. read more