Cash Converters makes difficult adjustment to new payday lending regime 18 February 2014 5:06PM The transition to a tougher regulatory environment for small-amount lenders has hit the bottom line of payday lender Cash Converters. Net profit for the December half was down 60.6 per cent, compared.. read more
Competition for deposits keeps CBA's cost of funds high 18 February 2014 5:04PM There was a lot of speculation among analysts last year that 2014 would be the year when the cost of funds for banks would start to fall. There was even talk that banks would cut their standard variab.. read more
Little movement in CBA RMBS pricing 17 February 2014 5:08PM It was Groundhog Day for the treasury team at Commonwealth Bank on Friday. After going to the securitisation market earlier in the week seeking $750 million of funds through an issue of mortgage-backe.. read more
CommSec suffers big loss of share 14 February 2014 5:29PM Commonwealth Bank's execution only share-broking business CommSec lost seven percentage points of market share during the second half of last year, according to researcher Investment Trends. read more
PEXA stage two ready to blast off 14 February 2014 5:26PM The first stage of the development of Australia's electronic conveyancing exchange, PEXA, will be completed by the end of the March quarter, when the Western Australian Land Titles Office joins the.. read more
Emerchants' marketing gains yet to help its revenue line 14 February 2014 5:23PM Prepaid card supplier Emerchants made progress in its transition from its non-reloadable gift card base to a higher margin reloadable business model during the six months to December. read more
Branch transaction volumes keep falling, but the value is high 14 February 2014 5:22PM Commentators who suggest that the days of bank branches are numbered need to look at the data on customer transaction activity that Commonwealth Bank provided in its interim results briefing this we.. read more
What keeps CBA boss awake at night 13 February 2014 6:13PM After presenting Commonwealth Bank's results for the six months to December, which featured strong growth in income, a low bad debt charge and modest expenses growth, chief executive Ian Narev was a.. read more
CBA results at a glance 13 February 2014 6:10PM Commonwealth Bank reported a net profit of A$4.2 billion for the six months to December - an increase of 16 per cent on the previous corresponding period, and an increase of six per cent on the resu.. read more
Collection House lifts ROE 13 February 2014 6:02PM Debt collector Collection House has reported a big increase in net profit for the six months to December on the back of higher distressed debt acquisitions. read more