Pepper gets a foothold in China

Mortgage lender Pepper Australia has purchased a 12 per cent stake in PrimeCredit Ltd and Shenzhen Prime Credit Ltd, consumer finance lenders operating in the Hong Kong and southern China markets. read more

NAB results at a glance

National Australia Bank made a net profit of A$3.4 billion for the six months to March - an increase of 20.4 per cent over the previous corresponding period. After eliminating the effects of fair valu.. read more

NAB gives up its mortgage pricing advantage

National Australia Bank's decision to cut its standard variable mortgage rate by 20 basis points means it no longer offers the lowest SVR among the big banks - a point of difference it has used in its.. read more

Business banking satisfaction falls

According to the latest Roy Morgan Research survey of business customer satisfaction, business customer ratings of their banks have fallen by an average of 2.9 percentage points over the past six moth.. read more

NAB quits SMSF loan market

National Australia Bank has quit the self-managed superannuation fund loan market, telling brokers it will no longer offer the controversial loan. Several sources have told Banking Day that NAB was ge.. read more

ANZ results at a glance

ANZ made a net profit of A$3.5 billion for the six months to March - an increase of three per cent over the previous corresponding period but a fall of ten per cent from the September half last year. read more