Foreign news: European banks revisit cost cutting, Chinese banks to securitise bad loans 26 July 2016 4:10PM European banks from Barclays to BBVA are launching another round of cost-cutting as they brace for conditions to deteriorate this year. read more
Briefs: Silver Chef extends debt facility, OzForex appoints new chair, ING Direct cuts variable mort 25 July 2016 4:25PM Equipment finance company Silver Chef has extended its existing A$300 million debt facility by $100 million. read more
CUA corrects the record on apartment lending policy change 22 July 2016 4:29PM CUA issued a media release yesterday to correct some mis-reporting of changes to its apartment loan criteria in Fairfax Media publications. read more
Briefs: Silver Chef issues accounting change alert, mortgage arrears rise in the March quarter, RBNZ 22 July 2016 4:23PM Equipment finance company Silver Chef has issued a business update, advising that it expects its net profit for the year to June to be within previous guidance of A$23 million to $24 million, compared.. read more
Foreign news: FBI charges HSBC executives over forex fraud 22 July 2016 4:22PM The FBI arrested a senior HSBC banker as he attempted to board a plane in New York on Tuesday night, The Guardian reports. read more
Briefs: TCV issues green bond, PPSR usage low 21 July 2016 4:07PM Treasury Corporation of Victoria has issued a A$300 million certified green bond, claiming it is the first government based green bond issued in Australia. read more
Foreign news: Japanese bank lends for 50 years on a real estate deal 21 July 2016 4:05PM A Japanese real estate investment company, Loadstar Capital, has been able to borrow to buy an office building on a 50-year term. read more
Briefs: Velocity and BP enter payment arrangement, Suncorp appoints new head of investments, Newcast 20 July 2016 4:14PM Velocity Frequent Flyer program members can use points and their membership cards to pay for petrol and selected goods at BP service stations. read more
Foreign news: Wells Fargo buys London office block, China focuses on debt servicing costs 20 July 2016 4:13PM US bank Wells Fargo is buying an 11-storey building in the centre of London, the BBC reports. The building, which is near the Bank of England, is under construction and Wells Fargo expects to move in.. read more
Briefs: Elders Finance extends hybrid offer, O'Dwyer given responsibility for financial services, an 19 July 2016 4:08PM Elders Finance has extended its on-market bid for Elders Hybrids by two weeks "to give small holders more time to consider the offer." read more