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Cheap credit will assist Australia's economic restructuring, John Fraser said on Friday, in his first speech as secretary of the Treasury. read more

Applying benchmarks on investor lending for banks was "not about restraining credit growth and we don't think it will be particularly effective," Wayne Byres, chair of the Australian Prudential Regula.. read more

Lenders wound back the percentage of new home loans they advanced to borrowers with little equity over the December 2014 quarter, a period marked by a new vigour on the part of the prudential regulato.. read more

The parade of failures and near failures in banking in Australia during the GFC received a Twitter airing yesterday afternoon by Ian Rogers. read more

Moody's Investors Service on Friday said it affirmed the A3 insurance financial strength ratings of Genworth Financial Mortgage Insurance Pty Limited (Genworth Australia) and Genworth Financial Mortga.. read more

The National Australia Bank's contract with Genworth Australia to provide lenders mortgage insurance for the bank's Homeside Lending division is up for review in September 2015. read more

It's easy - with the benefit of hindsight - to have predicted the  "surprise " move by Westpac to remove its reinsurance business, along with the lenders mortgage insurance provided to its subsid.. read more

A vibrant flow of premium income over high risk home loans is being farmed out by Westpac to the international reinsurance market. read more

A decent rise in pre-provision profit failed to lift the bottom line for ANZ over the December 2014 quarter, with net profit flat at A$1.65 billion compared with one year ago. read more

The current economic environment was "a good place for bank credit quality " and ANZ would "see the benefits of that for some time to come," the bank's chief financial officer, Shayne Elliott, told it.. read more