Westpac back with an ABS

Westpac is marketing its first asset-backed bond in four years, with plans to refinance a pool of A$750 million in car loans that originated with its St George finance arm. read more

Banks "leak" nine per cent of profits

Almost one dollar in 10 of the reported cash profit of Big Four banks over the coming years will never become retained earnings, a new analysis by the equity research team at Citi concludes. read more

Small business code needed, says Senate

The Australian Bankers' Association needs to develop a voluntary code of conduct for small business lending, the Senate's economics committee proposes in its report on the "post-GFC banking sector". read more

Mutuals see industry growth

Industry lobby the Abacus Group has released quarterly data that aims to extend the corresponding series from APRA to the small deposit-taking sector. read more