Bank Australia invests in growth 13 October 2015 4:49PM Bank Australia has reported a bumper year for new lending and strong deposit flows, but it has suffered a fall in earnings after increasing spending on marketing, branding and technology. read more
Credit card balances hit a six-year low 13 October 2015 4:48PM Balances accruing interest on credit cards have fallen to their lowest level in six years, as consumers continue to turn away from high-rate cards as a source of personal finance. read more
Use of telephone banking declines 13 October 2015 4:47PM There has been a sharp drop in the use of telephone banking services - consumers' least favoured way of banking - over the past couple of years, according to new research. read more
Mortgage interest rate cutting triggers borrowing spree 12 October 2015 4:38PM Home buyers have responded to aggressive marketing in the owner-occupier segment of the mortgage market by shopping for new loans in big numbers. read more
RBA close to finalising RMBS reporting arrangements 12 October 2015 4:37PM The Reserve Bank is close to finalising the public disclosure arrangements of its new securitisation industry reporting rules. read more
Distribution overhaul brings BOQ back to system 09 October 2015 5:20PM Bank of Queensland is reaping the benefits of an overhaul of its distribution channels and it isn't done yet. read more
Pepper adds to its asset servicing portfolio 09 October 2015 5:15PM Pepper Group has won a loan servicing contract with Lloyds Banking Group to provide third party asset servicing for a loan portfolio worth A$8.8 billion. read more
Consumer credit applications full of lies 08 October 2015 4:58PM Three-quarters of consumer credit application fraud involves people lying in their applications by falsifying personal details, failing to disclose existing debt or fabricating an identity. read more
Reduced liquidity exacerbates financial market volatility 08 October 2015 4:57PM A significant decline in bank holdings of financial assets played a role in the volatility that was a feature of global and domestic financial markets in the 2014/15 financial year. read more
Veda supports revised Equifax offer 07 October 2015 4:39PM Veda has supported a revised takeover offer from US credit reporting and data analytics company Equifax. read more