ADVERT: Australian Financial Crime Summit 2015 18 May 2015 12:15AM Combatting financial crime: 4 ways to see it at WestpacAustralia's big four banks have a unique position in the fight against financial crime - an opportunity to help define strategy and objectives.. read more
Club loans remain small and rare 15 May 2015 5:11PM Updated figures from Thomson Reuters on syndicated loans for the first quarter, and into the current period, for the Australian market show that the leading mandated arranger is ANZ. read more
Correction: APRA on lending practices 15 May 2015 4:27PM Yesterday's report on speech by APRA chair Wayne Byres at a COBA forum wrongly cited a "hypothetical borrower survey" where APRA "asked a number of the larger housing lenders (including a few mutuals).. read more
Briefs: Selective invoice financing, corporate bond ETFs come to market, finance sector wages rising 15 May 2015 4:26PM Scottish Pacific said it was now offering selective invoice finance - meaning businesses can literally select which invoices to sell in order to raise short-term funding. read more
Foreign news: Hang Seng's China sell off, HM Treasury offloads more Lloyds, hackers taste big bucks 15 May 2015 4:25PM HSBC's majority owned subsidiary, Hang Seng Bank, will sell a 4.99 per cent stake in China's Industrial Bank for US$2.7 billion to shore up its capital position and fund expansion. read more
Briefs: Microfinance Budget boost, Firstmac launches RMBS, East & Partners' European venture, car lo 14 May 2015 3:51PM Good Shepherd Microfinance has welcomed the Australian Government's $33.3 million investment in safe and affordable financial services. read more
Foreign news: AMEX share buyback, DBS seeks Indian licence, Nomura 'misrepresented' US mortgages, St 14 May 2015 3:50PM American Express has raised its quarterly dividend to US29 cents per share from US26 cents, and announced it will buy back 150 million of its shares. read more
Briefs: NAB completes institutional share offer, Westpac dispute with former St George staff drags o 13 May 2015 4:15PM National Australia Bank has completed the institutional component of its 'two for 25' entitlement offer of new ordinary shares. read more
Foreign news: Wells Fargo to increase Asia headcount, GABV appoints executive director, Indian banke 13 May 2015 4:13PM US bank Wells Fargo plans to add as many as 140 people to its Asian banking operations over the next 12 months, reports Bloomberg. read more
Briefs: Leveraged Equities cuts margin loan rates, Smith wants ANZ to be a model taxpayer, BT to rev 12 May 2015 3:56PM Bendigo and Adelaide Bank is passing on 20 basis points of the latest 25 bps reduction in the cash rate but its margin lending business, Leveraged Equities, is passing on 25 bps. read more