UBank pulls down the shutters on cash deposits 09 September 2013 4:27PM NAB's online banking division, UBank, claimed a first late in August, when it launched its entry into the transaction banking market. NAB said USaver Ultra was the first transaction account that wo.. read more
Financial specialists move up the ASX rankings 09 September 2013 4:24PM A number of small, specialist financial institutions will attract more interest from institutional investors following their inclusion in the S&P/ASX 300 sharemarket index. read more
Federal Court rejects Macquarie's tax bid 06 September 2013 4:50PM The Federal Court has dismissed an application by Macquarie Group to have a tax ruling on an offshore banking unit overturned. The ruling gives the Australian Taxation Office the right to issue an ame.. read more
CBA taps the property investor market 06 September 2013 4:36PM Commonwealth Bank has the highest rate of growth of new mortgage lending among the big banks and is picking up the lion's share of property investor demand for finance, according to a UBS review of.. read more
Comment: Policy lessons for the next Government 06 September 2013 4:31PM We should be able to ask our next Government that its policy makers learn from the more avoidable mistakes made over the past few years. All of these mistakes come under the heading of accountabili.. read more
PayPal offers improved merchant security 06 September 2013 4:28PM PayPal says it will provide additional merchant protection against chargebacks from now on. If merchants ship an online order that turns out to be unauthorised or fraudulent, PayPal will cover the.. read more
Super funds make little headway with banking services 06 September 2013 4:26PM Banks have problems cross-selling superannuation to their banking customers, but these difficulties are minor in comparison to the struggle superannuation companies have selling banking products to.. read more
Margins a little wider in the RMBS market 05 September 2013 4:20PM Margins of 90 or 95 basis points over the bank bill swap rate that issuers of residential mortgage-backed securities were paying in the first half of the year appear to be out of reach now. read more
P&N reports successful transition to mutual bank status 05 September 2013 4:18PM P&N Bank has not skipped a beat since changing its name from Police & Nurses Credit union in March. Yesterday, P&N issued a media release reporting a net profit of A$12.1 million for the.. read more
Lenders must develop verification policies for electronic conveyancing 05 September 2013 4:16PM Failure to take reasonable steps to verify the identity of a mortgagor in an electronic conveyancing process may result in the mortgage being deregistered. This is the approach being taken by the So.. read more