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Westpac will raise around A$750 million via an issue of capital notes, offering a yield of 340 to 360 basis points over the three-month bank bill swap rate and a call date of March 2027. read more

After missing a refinancing deadline at the end of September, debt buyer Collection House has passed the October 30 extension of its standstill agreement with lenders Commonwealth Bank and Westpac wit.. read more

Consumer finance company Zip has acquired Urge Holdings, a company that has developed a search engine for shoppers. read more

Commonwealth Bank cut its savings rates by five basis points on Tuesday – the second time it has cut savings rates in a month and the sixth time it has cut its NetBank Saver rate this year, according.. read more

Zip Co has been granted a principal issuer licence with Visa, which will allow users of Zip’s buy now pay later service to make contactless payments on merchant terminals. read more

There was a big increase in the number and duration of retail payment service outages in the 2019/20 financial year, prompting the Reserve Bank to get tough with the payments sector. read more

Consumer finance company Thorn Group will call a shareholder meeting to consider removing the current directors and appointing new ones. read more

Teachers Mutual Bank has a very low rate of loan deferrals – 1 per cent currently. read more

Commercial finance broker, aggregator and lender Consolidated Operations Group has acquired an 80 per cent interest in finance broker Access Capital, which operates in South Australia and the Northern.. read more

Weakening credit quality could subtract 70 to 80 basis points of CET1 over the next two years. read more