Westpac widens the hybrid margin to 400 bps

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

NAB Wealth to pay more compensation

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

ANZ has taken steps to further dampen demand for residential property investment loans, increasing variable and fixed rates on investment loans. read more

ME completes its biggest post-GFC RMBS issue

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