zipMoney steps down ABS pathway 25 May 2017 3:57PM 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 25 May 2017 3:56PM 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 24 May 2017 4:08PM 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 24 May 2017 4:06PM "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 23 May 2017 4:06PM 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 23 May 2017 3:59PM 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 23 May 2017 3:58PM 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
Suncorp dials down on developer and agri 23 May 2017 3:56PM Suncorp Bank pivoted its business mix toward household lending over the March 2017 quarter as it pared back total lending to sensitive business sectors. read more
Foreign banks an asset in liability levy wrestle 22 May 2017 4:08PM A couple of tactics by larger banks to unsettle the debate over the liability levy unveiled in this month's federal budget may be working, with key voices in Canberra echoing the industry's arguments... read more
uno free to wander within Westpac orbit 22 May 2017 4:07PM 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