CBA sells Count Financial for a song 14 June 2019 11:17AM Commonwealth Bank has extracted Count Financial Planning from its wealth demerger entity, NewCo, and will sell it to CountPlus. read more
APRA's ADI capital framework; you win some you lose some 13 June 2019 9:16AM ADIs have had mixed fortunes in their ongoing negotiations with APRA over its planned revision of the ADI capital framework. read more
Credit card spend grows, revolving balances fall 13 June 2019 9:12AM Consumers continue to rely on credit cards as a payment mechanism but they are gradually whittling away at the balances on their card accounts that are accruing interest. And the number of card accoun.. read more
DomaCom rates equity interest 12 June 2019 3:44PM Property fund manager DomaCom has entered the home equity release market with a product based on a shared equity structure, as an alternative to the standard loan structure of a reverse mortgage. read more
Pension Loan Scheme opens up to a wider market 11 June 2019 12:46PM Mortgage interest rates of 5.25 per cent are fine by Scott Morrison's government. read more
'Deposit price elasticity' to hit banks' earnings 11 June 2019 12:44PM Following last week's monetary policy decision, banks are caught in a margin squeeze "relating to deposit price elasticity", says Macquarie Securities. read more
Journeyman Frazis to the rescue at BOQ 07 June 2019 4:06PM The question BOQ investors will be asking is, does George Frazis have the temper to be CEO? read more
AFCA determines to name banks 07 June 2019 4:03PM In a significant departure from the practices of its predecessor organisations, the Australian Financial Complaints Authority plans to identify financial institutions in its published decisions. read more
ME moves into wholesale banking 07 June 2019 4:02PM ME Bank has launched what it calls a portfolio funding business, which will finance loans and other receivables originated and managed by partner businesses. read more
Silver Chef gets another lifeline 07 June 2019 4:00PM Funders of equipment finance company Silver Chef have given the company a reprieve, granting a waiver from action in relation to a breach of its debt covenants until June 30. read more