YBR bulks up its credit facility 17 June 2014 3:33PM Yellow Brick Road has entered into a new debt facility with Commonwealth Bank. It replaces its current A$5 million facility with the CBA with a $12 million bill facility limit. read more
Comment: Banks have not made their case for lighter regulation 16 June 2014 3:51PM The Financial System Inquiry announced on Friday that its interim report would be released on July 15 and that its chairman, David Murray, would address the National Press Club that day. read more
Personal finance market in reverse 16 June 2014 3:49PM Several lenders have signalled that they are pursuing growth in the personal finance market, where margins are relatively high. But the latest figures show that not many consumers are being enticed to.. read more
NSW raises FHOG cap 16 June 2014 3:47PM The New South Wales Government has extended its first home owner grant scheme to allow purchasers of more expensive properties to qualify. read more
Macquarie upgrades Bendigo and Adelaide 13 June 2014 3:37PM Macquarie Securities has upgraded its recommendation on Bendigo and Adelaide Bank to Outperform, arguing that the bank is well placed to gain a funding cost benefit from the European Central Bank's mo.. read more
Credit card account numbers fall 13 June 2014 3:36PM While spending on credit and charge cards has been weak over the past few years, card issuers have been able to count on steady, if modest, growth in account numbers. But over the past couple of month.. read more
Deposits remain popular but TDs on the nose 12 June 2014 3:36PM Bank deposits remain a popular destination for savings, although product preferences have changed over the past year. read more
Numeracy report highlights financial literacy shortfall 12 June 2014 3:35PM Financial Counselling Australia has called on financial institutions and other service providers to review the way they present information to customers, following a report that one in five Australian.. read more
Time to modernise KYC procedures 11 June 2014 3:33PM The customer identification and verification procedures used in Australia's anti-money laundering and counter-terrorism finance regime need to be overhauled, submissions to a review of the AML/CTF Act.. read more
Austrac's performance rated poor 11 June 2014 3:32PM The regulator of Australia's anti-money laundering and counter-terrorism financing regime, Austrac, has come in for plenty of criticism in submissions to a government review of the AML/CTF Act. read more