CBA fails to stop jury trial on Bankwest foreclosure 11 July 2014 3:54PM The Commonwealth Bank of Australia has failed in its attempt to prevent a case for enforcement of a loan guarantee being heard by a Supreme Court jury, rather than a single judge. The CBA is seeking t.. read more
Columbus Capital seeks $340m new RMBS funding 11 July 2014 3:52PM Columbus Capital is marketing its first residential mortgage-backed securitisation for 2014. The collateral is sourced from its wholesale home loan business, Origin Mortgage Management Services. read more
ING Direct unveils APS-modified remuneration schemes 10 July 2014 4:27PM ING Bank (Australia), trading as ING DIRECT Australia, has uploaded a set of remuneration disclosures modified to meet the public disclosure requirements of Australian Prudential Regulatory Authority'.. read more
Role changes for collateral and derivatives 10 July 2014 4:26PM Changes in the way collateral is used, particularly in regard to implications for liquidity of financial institutions, are attracting the attention of the world central banks and policymakers. read more
Bitcoin proponents counter anti-money laundering lobby 04 July 2014 4:00PM This week's report by the Financial Action Task Force on the potential risks of virtual currencies such as Bitcoin pushed several cryptocurrency experts to defend the integrity of the virtual currenci.. read more
Court lifts veil on GE finances 04 July 2014 3:59PM The Federal Court, during the process of ordering consumer credit provider GE Capital Finance Australia to pay a penalty of A$1.5 million for making false or misleading representations, gave some insi.. read more
Think Tank launches Australia's first CMBS for 2014 03 July 2014 3:29PM The first commercial mortgage-backed securitisation transaction of 2014 was launched earlier this week. It is a unique transaction both structurally and asset wise, according to RML Advisory, which ad.. read more
Australian investment bankers cash in on deal flow 03 July 2014 3:28PM Investment banking is beginning to look healthy again. According to Thomson Reuters, global IB fees for the first half of 2014 totalled US$47 billion, an 11.6 per cent rise on the first six months of.. read more
Online payday lenders in ASIC test case 03 July 2014 3:28PM ASIC is taking legal action against two payday lenders, alleging they "conned borrowers, charging interest rates of up to 160 per cent", according to a report aired last night on ABC TV program The Bu.. read more
Big Four banks fall short on cross sell potential 27 June 2014 3:42PM Australian banks pay close attention to the average number of products their customers hold with them, with varying notions as to how many products they need to cross-sell before they consider a custo.. read more