Australian banks well placed for challenges 27 November 2013 5:18PM Australian banks are well positioned to meet the challenges from a period of economic transition in the coming 12 to 18 months, as the investment boom in the resources sector moderates and the decli.. read more
Mutual sector set to face 'tough' year in 2014, says KPMG 27 November 2013 5:15PM Australia's credit unions, building societies and mutual banks will look to technology and to collaboration in an increasingly tough market next year, according to an analysis of the sector by KPMG... read more
Thorn lifts 2013-14 half-year performance 20 November 2013 5:50PM The ongoing diversification strategy to become a broader-based provider of alternative financial services outlined previously by the Thorn Group has met with some success in 2013. read more
GSI Rescue Group withdraws from active service 20 November 2013 5:49PM The GSI Rescue Group has withdrawn from its attempt to recapitalise the non-bank financial institution Gippsland Secured Investments. A group of Gippsland business leaders had hoped to recapitalise t.. read more
Australia has new 20-year bond 20 November 2013 5:49PM The Australian Office of Financial Management has issued, via syndication, A$5.9 billion of a new 4.5 per cent 21 April 2033 Treasury bond. read more
ASIC looks to adopt world's best practice, says ASIC's Tanzer 13 November 2013 5:54PM Greg Tanzer, Australian Securities and Investments Commission commissioner, has set out an agenda that will, over time, lead to a much more open and globally comparable structured finance sector in.. read more
Master trusts welcomed by securitisation sector 13 November 2013 5:52PM In a panel session on master trusts held at yesterday's Australian Securitisation annual conference, the previous day's keynote presentation, by Charles Littrell, the Australian Prudential Regulatio.. read more
FirstMac's QSHL waits for Columbus 12 November 2013 5:44PM Queensland State Home Loans and Columbus Capital are due to lock horns again later this month in the NSW Supreme Court over an agreement governing the management rights of a portfolio of mortgages. read more
High cost of Westpac's IT rebuild 06 November 2013 5:41PM Westpac may be left scrambling to meet the Reserve Bank's timetable for real-time banking services. This is one conclusion that can be drawn from a presentation made by the group's senior executives.. read more
Mortgage arrears rates edge downwards 06 November 2013 5:38PM Ratings agency Moody's Investors Service says the rate of delinquencies in excess of 30 days for Australian prime residential mortgages was 1.35 per cent in August. This was less than the 1.39 per c.. read more