Banks' funding cost pressures ease 06 November 2013 5:39PM One of the hot topics during recent reporting seasons has been the proposed link between banks' cost of funds and its impact on loan rates. However, the topic hardly rated a mention during the resul.. read more
Westpac comes out of hibernation 05 November 2013 5:45PM Westpac will pursue higher levels of growth in home lending and small business finance in 2014, ending a two-year strategy of limiting growth while it built a stronger funding profile and improved a.. read more
Westpac results at a glance 05 November 2013 5:43PM Westpac Group reported a net profit of A$6.8 billion for the 12 months to September - an increase of 14 per cent over the previous corresponding period. Cash earnings of $7.1 billion, calculated aft.. read more
Growth in household deposits still outpacing mortgage lending 05 November 2013 5:38PM With the housing finance market gradually picking up momentum this year, and low interest rates said to be prompting investors to move their funds out of savings products, an emerging issue for lend.. read more
October a bumper month for brokers 05 November 2013 5:37PM Mortgage brokers have reported very strong trading conditions in October. AFG sold more the A$4 billion of mortgages, making October its biggest month ever, and Aussie sold more than $2 billion of h.. read more
COSL warns on record keeping 05 November 2013 5:36PM The Credit Ombudsman Service has issued a reminder to its credit licensee members that they are responsible for the conduct of their credit representatives, including maintaining the records of a r.. read more
Mortgage growth yet to boost Macquarie's bottom line 04 November 2013 5:44PM Macquarie Group's return to retail banking has yet to do much for its bottom line. Higher expenses have offset growth in income in the group's banking and financial services division, whose profit c.. read more
MyState returns to the RMBS market 04 November 2013 5:37PM Tasmanian financial services group MyState raised A$322 million of funding last week with an issue of residential mortgage-backed securities. read more
Clyne accuses business banking competitors of lowering standards 01 November 2013 5:45PM National Australia Bank's business banking strategy came in for plenty of scrutiny when the bank presented its 2013/14 financial report at an investor briefing yesterday. Business banking accounts f.. read more
Life insurance industry malaise hits NAB Wealth 01 November 2013 5:41PM The malaise affecting the life insurance sector, which has been highlighted by several companies in recent weeks, has hit National Australia Bank's wealth division, as more people give up their life.. read more