Money3 suffers growth pains

Automotive finance specialist Money3 put its foot on the accelerator during the December half, with record growth in loan originations. However, not much of the growth made it to the bottom line. read more

NAB launches hybrid issue

National Australia Bank has launched a hybrid issue, aiming to raise $750 million of capital with an offer of securities paying a margin of 2.95 to 3.15 per cent over the bank bill rate. read more

ASIC gets a bigger sandbox

The Australian Securities and Investments Commission will have greater flexibility in its administration of the fintech sandbox regulatory licensing exemption, following the passage of legislation las.. read more

Mortgage borrowing capacity is up

In its half-year financial report last week, Commonwealth Bank provided an update on its home loan assessment process. Overall, borrowing capacity is up. read more

AMP Bank 're-platforming' underway

AMP is on track to complete the integration of its bank into its wealth management business this year, when it will launch a "whole of wealth proposition". read more

CBA results at a glance

Commonwealth Bank reported a net profit of $6.2 billion for the six months to December - 34 per cent up in the previous corresponding period. read more