182

A group of banks seeking the approval of the competition watchdog to negotiate collectively with mobile wallet providers have narrowed the scope of their application. Their application now relates onl.. read more

There are signs of increasing competition in the investor mortgage market, with a number of lenders cutting investor rates over the past month. read more

Investor mortgage lending picked up in September - the second consecutive month that the market has shown signs of recovery. read more

The number of new businesses opening their doors has declined, while the number of business failures is on the rise, Dun & Bradstreet reports. read more

Personal insolvencies surged in regional Western Australia during the September 2016 quarter. In Sydney and Melbourne bankruptcy numbers are falling. read more

After several years of strong growth in its corporate and asset finance division, Macquarie group reported a dip in the performance of the business. Mortage funding, though, is on the up. read more

MyState Ltd has raised A$300 million of funding through an issue of residential mortgage-backed securities, paying a margin of 130 basis points over the bank bill swap rates on the senior notes. read more

The four big banks plus AMP will pay compensation of A$178 million to customers after it was found that they charged customers fees for annual financial advice reviews that were not provided. read more

National Australia Bank chief executive Andrew Thorburn said he was looking forward to some easing of the pressure on the bank's margin in the year ahead, with signs that wholesale funding costs and m.. read more

National Australia Bank reported a net profit of A$352 million for the year to September, compared with a net profit of $6.3 billion in the previous corresponding period. The result reflected the loss.. read more