YBR bulks up its credit facility

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

Personal finance market in reverse

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

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

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

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

Time to modernise KYC procedures

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

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