Cost blowout hits OzForex bottom line 11 November 2015 4:58PM A 50 per cent increase in operating expenses spoiled what was otherwise a good result for money services business OzForex in the six months to September. read more
Citi Mobile Challenge brings out the fintechs 11 November 2015 4:57PM Seventeen fintech start-ups strutted their stuff at the Citi Mobile Challenge Demo Day in Sydney yesterday, hoping to interest a panel of judges in everything from collaborative work platforms to intu.. read more
Investor mortgage lending takes a big drop 11 November 2015 4:57PM New lending to residential property investors has fallen for five straight months, with the latest data showing the rate of decline accelerating. read more
Financial Stability Board spells out too-big-to-fail rules 10 November 2015 5:46PM Global systemically important banks will be required to meet a minimum total loss-absorbing capacity requirement of at least 16 per cent of risk-weighted assets under new resolution rules spelle.. read more
Firstmac to withdraw from wholesale lending 10 November 2015 4:31PM Specialist mortgage lender Firstmac is withdrawing from the wholesale lending market to focus on the broker market. read more
MLC to price life cover based on fitness levels 10 November 2015 4:30PM National Australia Bank's wealth management division MLC will discount life insurance premiums if customers agree to use a fitness tracker and achieve a target score. read more
GE Money changes potentially misleading advertising 10 November 2015 4:28PM GE Money has changed its advertising of personal loans and debt consolidation loans after the Australian Securities and Investments Commission raised concerns that the ads were "potentially misleading.. read more
AOFM pulls the plug on RMBS auctions 09 November 2015 5:07PM The Australia Office of Financial Management has cancelled auctions of its holdings of Residential mortgage-backed securities planned for November and December. read more
APRA turns its attention from capital to funding issues 06 November 2015 5:05PM The chairman of the Australian Prudential Regulation Authority, Wayne Byres, put the banking industry on notice yesterday that its work on making authorised deposit-taking institutions "unquestionably.. read more
The best customers are the worst customers 06 November 2015 5:03PM Banks' best customers are its least loyal, according to new research. read more