AMP Bank leans on wholesale funding as deposit flow slows 21 August 2015 3:52PM AMP Bank has had to rely on a big increase in its wholesale funding program to support growth in its mortgage book during the June half, as deposits declined. read more
Macquarie prices its third RMBS issue for the year 21 August 2015 3:51PM Macquarie Bank has completed its third issue of residential mortgage-backed securities for the year, raising A$1.5 billion of funds. read more
Collection House shows some empathy 21 August 2015 3:51PM Volatile sentiment recorded in consumer surveys this year has fed through into the business of debt buyer Collection House, which has found that its customers are less inclined to commit to repayment.. read more
Mortgage Choice needs to get costs under control 20 August 2015 4:22PM Broker franchise group Mortgage Choice has produced a disappointing performance in the year to June, with earnings and market share falling and a loss in its Help Me Choose comparison website business.. read more
Regulate gambling industry credit, say financial counsellors 20 August 2015 4:21PM Financial Counselling Australia has called for an extension of consumer credit law to cover the activities of gambling companies. read more
AOFM's scales back RMBS sale program after another poor auction result 19 August 2015 3:52PM The Australian Office of Financial Management has completed its third auction of residential mortgage-backed securities, accepting bids for A$122 million of the $500 million of securities on offer. read more
SAI Global business transformation yields results 19 August 2015 3:50PM Information services company SAI Global has made progress with its strategy of expanding its involvement in the property transaction business beyond settlement services. read more
QBE LMI reports lower premium income and predicts more of the same 19 August 2015 3:50PM Insurer QBE has suffered a 20 per cent fall in gross written premium in its lenders' mortgage insurance business over the six months to June. read more
CBA gets 90 per cent institutional take-up of entitlements 18 August 2015 3:53PM Commonwealth Bank has completed the institutional component of its entitlement offer, raising A$2.1 billion of its target $5 billion. read more
FlexiGroup to strengthen its sales and marketing 18 August 2015 3:53PM The next chief executive of finance company FlexiGroup will have a strong sales and marketing background, the company's new chairman told investors at its annual results briefing yesterday. read more