QBE lenders' insurance businesses show mixed results 21 August 2013 4:39PM Insurer QBE has had mixed results with its two lenders' insurance businesses. The QBE LMI business has stopped underwriting in New Zealand but expects strong growth in Australia this year. Meanwhile.. read more
RHG's book running off at 25 per cent a year 21 August 2013 4:34PM 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
MasterCard signs payment providers to MasterPass 21 August 2013 4:25PM MasterCard MasterCard has secured the agreement of 16 payment service providers to offer the MasterPass digital wallet service to their merchant customers. read more
Investec goes back to basics 20 August 2013 4:32PM 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 20 August 2013 4:31PM 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
Pepper teams up with Cadence for another crack at RHG 19 August 2013 4:52PM Pepper Australia has entered into partnership with Cadence Capital, an RHG shareholder, to make another bid for RHG. read more
CBA prices huge Medallion RMBS 19 August 2013 4:51PM 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
QBE stops writing LMI in New Zealand 19 August 2013 4:48PM Insurer QBE has confirmed that it has decided to stop underwriting lenders' mortgage insurance in New Zealand, because of "diminishing demand". read more
AMP Bank shifts focus to wholesale funding 16 August 2013 4:33PM 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 16 August 2013 4:31PM 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