Banks make smooth transition to LCR 06 May 2015 4:02PM ANZ and Westpac have had no trouble meeting their obligations under new liquidity coverage ratio rules, with both banks reporting ratios in excess of the minimum requirement. However, the new rule is.. read more
CBA pockets five basis points 06 May 2015 4:01PM Commonwealth Bank will only pass on 20 basis points of the Reserve Bank's 25 bps reduction in the cash rate. CBA announced yesterday that from May 13 its standard variable rate would fall to 5.45 per.. read more
Westpac brings back the discounted DRP 05 May 2015 3:56PM Westpac has launched a major capital management initiative aimed at boosting its capital ratio - but analysts at yesterday's half-year results briefing questioned whether the bank was doing enough to.. read more
Westpac tightens mortgage underwriting 05 May 2015 3:55PM Westpac has raised its loan serviceability hurdle, increasing the minimum assessment rate 30 basis points from 6.8 per cent to 7.1 per cent, as part of a move to tighten its mortgage underwriting. read more
Westpac results at a glance 05 May 2015 3:55PM Westpac reported a net profit of A$3.6 billion for the six months to March - a fall of 0.4 per cent from the previous corresponding period. read more
ANZ to sell Esanda Dealer Finance 05 May 2015 3:51PM ANZ has announced the sale of Esanda Dealer Finance and will issue an information memorandum to potential bidders later this month. read more
Lenders look to lock in borrowers with deep fixed-rate cuts 04 May 2015 3:49PM A number of mortgage lenders are offering three-year fixed rates below their one and two-year rates. Comparison site Mozo reports that around 20 lenders cut three-year rates last month as they sought.. read more
Unfair contract protection extended to small business 04 May 2015 3:48PM Small businesses will receive the same protection from unfair contract terms as consumers, under changes proposed by the Government. Last week Treasury issued a draft bill for consultation, amending t.. read more
Investor mortgage lending: is it getting material? 01 May 2015 3:57PM Annual growth in residential property investor loan balances hit 10.4 per cent in March - up from an annual growth rate of 10.1 per cent the previous month. Lenders might be about to find out what the.. read more
Collection House and Balbec form a credit trust 01 May 2015 3:53PM Debt buyer Collection House has formed a partnership with US private equity fund manager Balbec Capital to launch a credit trust. read more