IMB Bank pitches for a mutually suitable merger partner 29 October 2015 5:43PM At the annual general meeting for IMB Bank earlier this week, the bank's retiring chairman, Michael Cole, took the opportunity to pitch for "a merger with another mutual ADI." read more
Counter-cyclical strategies from Citi 23 October 2015 5:04PM The current stage of the business cycle is a good time for turnaround specialists to be cashed up, according to Tony Duthie, managing director at Pacific Equity partners. read more
Big Banks trail on home loan customer satisfaction 23 October 2015 5:04PM The smaller mutual and challenger banks are still leading the majors on home loan customer satisfaction, if the latest findings from Roy Morgan's survey of home loan customers are any guide. read more
ASIC calls for principles based rules; ASIC on HSBC fiasco 22 October 2015 5:25PM In his introductory speech to the Senate Economics Legislation Committee, Greg Medcraft, ASIC's chairman, said he welcomed the Government's response to the Murray Financial System Inquiry a day earlie.. read more
ASIC on HSBC fiasco 22 October 2015 5:24PM During the Senate Economics Legislation committee meeting yesterday, it fell to ASIC deputy chairman Peter Kell to respond specifically to questions about alleged rogue HSBC advisor Simson Kwok. read more
Macquarie to issue USD car lease and consumer loan securitisation 16 October 2015 4:52PM Fitch Ratings has assigned expected ratings to SMART ABS Series 2015-3US Trust's asset-backed floating-rate notes. The issuance consists of notes backed by automotive and equipment leases and loans, a.. read more
Liberty Financial's outlook upgraded by S&P 16 October 2015 4:50PM Specialty non-bank financial services company Liberty Financial has had its outlook upgraded to 'positive' from 'stable' by Standard & Poor's Ratings. read more
Westpac launches $3.5 billion share entitlement offer 15 October 2015 5:25PM Westpac Banking Corporation yesterday put capital restructuring and mortgage rates back on the Big Four agenda when it surprised the markets with an equity capital raising, one of the largest this yea.. read more
Westpac opens up out of cycle home loan rates rises 15 October 2015 5:24PM In conjunction with announcing a week-long trading halt to launch a A$3.5 billion share rights issue yesterday, Westpac said interest rates on all its variable home loans - that is, owner occupied and.. read more
Westpac on track for $8 billion annual profit 15 October 2015 5:23PM Westpac backed up its capital raising and home loan rate rise announcement with the release of its unaudited 2015 full-year result. The Group's full year results will be announced on 2 November. read more