Westpac ABS hits A$1 billion 13 December 2013 5:43PM Westpac has doubled the size of its asset-backed securities issue, the Crusade ABS 2013-1 Trust, raising A$1 billion in funds. read more
Credit card transaction numbers up, balances down 13 December 2013 5:42PM Consumers are increasing their purchases on credit cards but continue to reduce their balances. The latest Reserve Bank credit and charge card figures show that the value of purchases in October was.. read more
ICG launches private debt fund 12 December 2013 5:29PM UK fund manager Intermediate Capital Group has entered the Australian private senior debt market, with the launch of the ICG Australia Senior Loan Fund. read more
Submissions to FOS review highlight delays 12 December 2013 5:27PM The Financial Ombudsman Service takes too long to settle matters, needs to offer financial service providers a right of review, should pay more attention to legal principles in its considerations, a.. read more
SMEs get into mobile banking 12 December 2013 5:25PM The proportion of small and medium-sized businesses using mobile banking services has increased from 20 per cent a year ago to 32 per cent today, according to DBM Consultants. read more
ACCC appeals ANZ price-fixing decision 11 December 2013 5:35PM ANZ and the Australian Competition and Consumer Commission will go another round over allegations the banking group was involved in a price-fixing arrangement with a broker, a claim that was dismiss.. read more
Big investor demand drives housing finance market 11 December 2013 5:34PM Investors continue to drive the housing finance market. According to Australian Bureau of Statistics figures released yesterday, the value of finance commitments to investors rose 8.2 per cent in Oc.. read more
Experian launches credit reporting registry service 10 December 2013 5:18PM The credit reporting industry is gearing up for change next year, when new credit reporting rules take effect. Established players and challengers are launching new products and services designed to.. read more
Court approves Lehman settlement 10 December 2013 5:16PM The Federal Court has approved the settlement of the Lehman Brothers Australia class action. The court heard an application from representatives of the class action and the LBA liquidator last week,.. read more
Genworth confirms CFO departure 06 December 2013 5:19PM Mortgage insurer Genworth Australia has confirmed that its chief financial officer Paul Fegan has resigned. In a statement issued yesterday, the company said Fegan would be replaced by Georgette Nicho.. read more