Consumers give the plastic a lash 13 February 2014 6:00PM Consumers kept their credit and charge card spending in check throughout most of last year, but in December they gave the plastic a lash. According to the latest Reserve Bank data, the value of purc.. read more
Analysts not satisfied with Macquarie ROE 12 February 2014 5:58PM Macquarie Group talked up the opportunities for its "capital markets facing" businesses during an operational briefing yesterday, but the low returns generated by these businesses left analysts cold.. read more
Housing finance market took a breather in December 12 February 2014 5:55PM Growth in the housing finance market slowed in December, with a very small rise in total lending and a fall in loans to owner-occupiers. read more
MYOB enters mobile payments market 12 February 2014 5:54PM Accounting software company MYOB has entered the mobile payments market with the launch of a product that will allow users to swipe debit and credit cards on their mobile phones. read more
Credit reporting rules make lenders more accountable for credit decisions 11 February 2014 5:25PM Under the credit reporting rules that take effect next month, credit providers will have to give loan applicants a lot more information about why they have refused an application. read more
Household financial conditions improved in 2013, but consumers remain wary 11 February 2014 5:23PM The financial conditions of Australian households improved in 2013, thanks to lower interest rates, higher savings levels and rising equity and property values. Despite this, consumers have started.. read more
Government moves to close payday loan loopholes 10 February 2014 5:21PM The government has moved to stop payday lenders getting around the cost cap on small-amount loans that was introduced in July last year. read more
RMBS market picks up where it left off 07 February 2014 5:22PM The favourable conditions that prevailed in the securitisation market last year look like they will continue, with the first mortgage-backed securities deal of the year being notable for a big upsiz.. read more
FlexiGroup turns its attention to its struggling Flexirent business 07 February 2014 5:22PM Flexirent, a consumer and small business leasing business, was the backbone of FlexiGroup's earnings for many years but is now struggling to achieve growth. read more
Firstfolio recapitalisation deal suffers another blow 07 February 2014 5:21PM The plan to recapitalise mortgage company Firstfolio continued to unravel yesterday, when the company announced its interim chief executive had stood down. read more