Takeovers Panel sits out the RHG dance 04 October 2013 4:14PM The Takeovers Panel has rejected an approach from one of RHG's bidders, Resimac, to deal with a complaint that the structure of a rival bid is inequitable. It has declined to conduct proceedings reg.. read more
ME Bank issues A$1.2 billion RMBS 04 October 2013 4:12PM ME Bank has upsized its latest issue of residential mortgage-backed securities, the SMHL Securitisation Fund 2013-1, from the A$750 million it was seeking when the deal was first launched to $1.2 bi.. read more
Moody's gives Investec restructure a tick 04 October 2013 4:11PM Moody's Investors Service has backed the restructure of Investec Bank (Australia), affirming the bank's ratings. Investec's baseline credit assessment is ba2 and its adjusted baseline credit assessm.. read more
Banking regulatory reform not over yet 04 October 2013 4:07PM The global banking community has some unfinished business on the regulatory front, according to the deputy governor for financial stability at the Bank of England, Paul Tucker. He told a conference i.. read more
Targett to head QT Mutual Bank 03 October 2013 3:36PM Steve Targett believes the credit unions and building societies that have upgraded to mutual bank licences over the past couple of years have yet to get a financial return on their investment. But t.. read more
RBA calls for comment on proposed securitisation reporting changes 03 October 2013 3:29PM The Reserve Bank plans to add extra privacy safeguards to its reporting rules for issuers of residential mortgage-backed securities. Postcodes and some date fields will be removed from RMBS loan-lev.. read more
Cash still dominates low-value payments 02 October 2013 4:09PM Non-cash payments account for 86 per cent of the value of all consumer payments in Australia, but cash still accounts for the majority of payments. read more
Braintree acquisition signals greater innovation focus by PayPal 02 October 2013 4:09PM PayPal's acquisition of payments company Braintree signals a renewed commitment to innovation in online and mobile payments, PayPal Australia's managing director, Jeff Clementz, says. But overseas m.. read more
Business lending market weak 02 October 2013 4:08PM Conditions in the business lending market remain weak, with the latest Reserve Bank figures showing growth in business loan balances of just 1.4 per cent over the 12 months to August. read more
Westpac struggling to make headway in the home loan market 01 October 2013 4:50PM Westpac has used cash-back offers, interest rate discounts and commission bonuses for brokers in a bid to lift home loan market share this year but nothing seems to be working. Growth in its mortgage.. read more