Community platform for financial advice 07 March 2016 5:08PM Mortgage industry veteran Paul Ryan has launched what he describes as a "community platform", giving consumers access to advice about credit matters from a range of brokers and lenders. read more
Citi appoints new country head 04 March 2016 4:36PM Citigroup has appointed David Livingstone as its new country officer for Australia, replacing Stephen Roberts who takes on the role of chairman of Citi in Australia. read more
Wider wholesale funding margins flow into higher TD rates 04 March 2016 4:35PM Widening margins in wholesale funding markets have prompted some deposit-takers to shift their focus to retail deposits and increase their term deposit rates. read more
iSelect hits the reset button 03 March 2016 4:28PM Comparison site operator iSelect has made a commitment to address the "substantial strategic and operational issues" that emerged in its performance during the December half. read more
ANZ's wealth restructure is an acknowledgment of its terrible cross-sell record 03 March 2016 4:27PM ANZ's decision to disband its global wealth division and align the distribution of wealth products with its retail and commercial banking businesses is a response to its failure to achieve an acceptab.. read more
Broker introduces mortgage auctions 03 March 2016 4:26PM A new mortgage broker, Unbiased Mortgage Brokers, has incorporated an "auction-like mortgage contest" into its offering, which also includes a partial rebate of upfront commissions. read more
Securitisation industry calls for flexibility on bank capital requirements in APS 120 03 March 2016 4:25PM The Australian Securitisation Forum has urged the Australian Prudential Regulation Authority to use an internal ratings-based approach in assessing the securitisation exposures of banks. read more
Cash rate steady, mortgage rates up 02 March 2016 4:58PM The Reserve Bank may have decided not to make any change to the cash rate but lenders have been busy adjusting their owner-occupier variable mortgage rates over the past month. read more
zipMoney loses five million dollars 01 March 2016 5:22PM Consumer finance company zipMoney made a loss of A$5.1 million in the six months to December. read more
ASIC recommends 'good practice' strategies for marketplace lenders 01 March 2016 5:22PM Marketplace lenders who want to stay on side with the regulator need to play close attention to the presentation of their advertising, the risk warnings in their disclosures and the security of their.. read more