RHG's book running off at 25 per cent a year

The run-down in RHG's mortgage portfolio over the past year resulted in a 26 per cent fall in earnings in the year to June 2013. The company, whose board is currently considering competing takeover of.. read more

Investec goes back to basics

The diversification strategy Investec Bank (Australia) embarked on under chief executive David Clarke has been scrapped only months after his departure. Acting chief executive Ciaran Whelan is takin.. read more

CUA loan adverts misleading

ASIC has ruled that Credit Union Australia's advertisements for its Rate Breaker home loan are misleading. CUA has agreed to maintain the advertised discount, even though is terms and conditions al.. read more

CBA prices huge Medallion RMBS

The widening of margins in the mortgage-backed securities market over the past couple of months has not troubled Commonwealth Bank, which priced a A$3.2 billion issue on Friday at margins very close.. read more

AMP Bank shifts focus to wholesale funding

AMP Bank changed its preferred funding mix during the June half, supporting the growth in its mortgage book with wholesale debt and allowing its deposit book to run down. The bank provided details.. read more

Hopes of a margin lending recovery dashed

The pick-up in margin lending activity in the March quarter has not been sustained, with new figures showing margin loan balances and client account numbers resuming their long-term downward trend i.. read more