UK fund buys into P2P lender ThinCats 12 April 2016 4:11PM UK-based alternative finance fund, ESF Capital, is to acquire a 30 per cent stake in Australia's leading peer-to-peer business lending platform, ThinCats Australia. read more
Another new peer to peer targeting SMEs 12 April 2016 4:10PM Yet another peer-to-peer style lender has emerged to target the small to medium business loan sector. read more
Westpac launches first car loan securitisation for 2016 12 April 2016 4:09PM Moody's Investors Service and Fitch Ratings have assigned provisional ratings to notes to be issued under a new ABS Series 2016-1 Trust from St George, making it Westpac's first ABS deal for 2016. read more
Australian banks warned to watch cyclical risks and hubris 07 April 2016 4:15PM One sidebar to aftermath of the global financial crisis, and the "lower for longer" interest rate environment has been how well Australia's major banks have weathered a low growth environment. The fur.. read more
Macquarie's risk play yields results in a flatter banking world 07 April 2016 4:14PM Among the topics canvassed in a session at the Australian Financial Review Banking and Wealth Summit on market risk for Australia's major banks was the apparent conundrum posed by Macquarie Group and.. read more
ASIC and Westpac in Federal Court over BBSW allegations 06 April 2016 5:20PM ASIC has confirmed some widely held industry rumours about a second Big Four bank suspected of manipulating Australia's short-term bank bill swap reference rate with an announcement that civil penalty.. read more
Master trusts could bring back the non-bank lenders 06 April 2016 5:17PM A recent regulatory proposal from the Australian Prudential Regulation Authority could ease securitisation issuance based on master trust structures in Australia, according to a report from Standard &.. read more
David Murray on culture in banking 06 April 2016 5:17PM Speaking "in conversation" mode at the Australian Financial Review Banking and Wealth Summit in Sydney yesterday, Financial Services Inquiry chairman David Murray was clearly looking for further impro.. read more
Vertically integrated banks' wealth arms attract further criticism 05 April 2016 4:15PM Comments by ASIC chairman Greg Medcraft at the Australian Securities and Investments Commission's recent annual conference on the need to focus on culture are still echoing across the banking sector. read more
ATM charges, credit card fees on most hated list 05 April 2016 4:13PM According to new research from ING Direct, ATM fees, monthly bank account fees and booking fees for events and tickets top the list of "most hated fees" amongst retail banking customers. read more