zipMoney steps down ABS pathway

A new A$200 million securitisation-ready warehouse from National Australia Bank is setting up zipMoney for a foray into the asset-backed debt market, but not soon. read more

Banks on severe notice from S&P

To lift their risk adjusted capital ratios by 100 basis points, each major bank would need to generate, on average, A$6 billion in capital, S&P said yesterday. read more

'One stop' all EDR rot for CIO followers

A myriad of smaller financiers and fringe firms are gearing up for a lobbying campaign to block or reset the proposed "one stop shop" for dispute resolution.Six industry associations covering hundreds.. read more

Richer mortgage data a stress for select ADIs

"Uuhmmm, we're not too sure that we, or some other banks we know well, will be able to easily find the most reliable data on that", a handful of banks have more or less told the banking regulator, whe.. read more

Maestros evade S&P ratings razor

Navigating fraught terrain, S&P Global Ratings yesterday spared all the major banks and six lesser Australian banking names from its epic ratings downgrade that embraces 23 entities, most ADIs and.. read more

Mutuals rattled amid S&P ratings clutter

Around a dozen mutual banks or credit unions, including one ASX listed bank, find their debt securities ineligible for use in repurchase operations with the Reserve Bank of Australia as of yesterday,.. read more

Comment: Bank tax maths will add up in time

The four or five or more Australian and foreign banks that will be made to pay the planned liability levy will shell out, in aggregate, no less than the A$6 billion the Australian government (with pop.. read more

uno free to wander within Westpac orbit

uno, a self-described "digital mortgage service", is standing by its positioning as "independent and unbiased", despite one weekend metro media analysis questioning the transparency of the firm's ties.. read more