Home loan conversion rate down

The conversion rate of home loan applications to settlements has seen a decline, indicating that serviceability challenges are, or were, taking a toll on prospective homebuyers seeking finance. read more

CBA cuts 116 jobs

Commonwealth Bank will cut 116 jobs nationally, the Finance Sector Union disclosed yesterday. read more

For Aussie infrastructure, BAM’s a wrap

Build America Mutual is resurrecting bond insurance in the Australia and New Zealand debt capital markets, seeking to build on the foundations of its founders’ previous entity, FSA. read more

P&N doubles system

Growing at twice system, P&N Bank has costs under control and, for now, will be putting its failed effort to merge with Beyond Bank behind it. read more