bankmecu to become Bank Australia 28 July 2015 3:24PM Mutual bank bankmecu has confirmed that it is changing its name to Bank Australia, which it will adopt on August 17. read more
Westpac widens the hybrid margin to 400 bps 28 July 2015 3:23PM Westpac launched its highly anticipated hybrid capital issue yesterday, seeking A$750 million of funds with an offer that will pay a margin of between 400 and 425 basis points over the 90-day bank bil.. read more
RBA rate cuts prompt consumer credit applications 28 July 2015 3:22PM Two interest rate cuts since the start of the year have encouraged consumers to shop around for credit deals, according to the latest Veda Consumer Credit Demand Index. read more
Banks failing to deal appropriately with customers using powers of attorney 28 July 2015 3:22PM About 11 per cent of Australians have given an enduring power of attorney to a family member or friend to manage their financial affairs and, with an ageing population, the number of people unable or.. read more
International banking activity picks up 28 July 2015 3:21PM International banking activity picked up during the March quarter, with increases in debt securities and loans contributing equally to the expansion in cross-border claims. read more
Investor loan re-pricing to give a solid boost to bank earnings 27 July 2015 4:40PM Commonwealth Bank's re-pricing of its investor loan book, which was announced on Friday, will boost earnings by 2.1 per cent in the 2015/16 financial year, according to an analyst's estimate. read more
NAB Wealth to pay more compensation 27 July 2015 4:08PM National Australia Bank's wealth management division NAB Wealth will pay A$25 million in compensation to around 62,000 clients, following the completion of its compensation program. read more
ANZ raises investor loan rates 24 July 2015 4:16PM ANZ has taken steps to further dampen demand for residential property investment loans, increasing variable and fixed rates on investment loans. read more
McMillan Shakespeare moves deeper into auto finance 24 July 2015 4:14PM Remuneration services and fleet leasing specialist McMillan Shakespeare has followed up its acquisition of the automotive finance company Presidian earlier this year with news that it will buy the veh.. read more
ME completes its biggest post-GFC RMBS issue 24 July 2015 4:14PM The problems the Australian Office of Financial Management is having selling its portfolio of residential mortgage-backed securities do not appear to be having a negative impact on the primary market.. read more