CBA offers end-to-end online mortgage sales 04 March 2015 4:24PM Commonwealth Bank has reintroduced an online home loan application facility for new-to-bank customers, as part of its strategy of allowing customers to deal with the bank any way they want. read more
OzForex resolves its banking arrangements 04 March 2015 4:23PM Foreign exchange service provider OzForex issued a statement yesterday, saying it would transfer all of the services currently provided by Westpac in Australia to other banking partners within its exi.. read more
Businesses turning away from debtor finance 04 March 2015 4:22PM Turnover in the debtor finance market fell in 2014 and client numbers continued a decline that that been going on since the financial crisis. read more
Customers who bank online are the most satisfied 04 March 2015 4:21PM Roy Morgan Research found that, over an average four-week period, 62.3 per cent of bank customers deal with their bank by internet, compared with 33.9 per cent using a branch. read more
Aged care the hotspot in the equity release market 03 March 2015 4:30PM Home equity release specialist Australian Seniors Finance has launched an aged care loan (a type of reverse mortgage), designed to cater to retirees who want to keep the family home when they move int.. read more
FATF calls for more co-ordinated action against terrorism financing 03 March 2015 4:28PM The emergence of Islamic State, and its use of new funding techniques, calls for a renewed counter-terrorism financing effort. read more
Banks not reaching high net worth investors 03 March 2015 4:26PM Fewer than half of Australians with investable assets of A$1 million or more visited an investment adviser in 2014. read more
Yellow Brick Road bulks up loan book, revenues and losses 02 March 2015 4:31PM Yellow Brick Road bulked up during the six months to December, with the acquisitions of Resi Mortgage Corp and Vow Financial adding substantially to revenues and loans under administration. But costs.. read more
Deposit growth still healthy, despite low rates 02 March 2015 4:30PM Growth in mortgage lending has plateaued, with Reserve Bank data showing that the annual growth rate was unchanged in November, December and January. It remains to be seen what impact last month's rat.. read more
Lenders yet to cut rates 02 March 2015 4:29PM More than a dozen mortgage lenders have not changed their variable mortgage rates in response to last month's 25 basis point reduction in the cash rate. read more