Consumer credit insurance still not good enough 02 August 2013 4:53PM For the second time in two years, the Australian Securities and Investments Commission has called on consumer credit insurance providers to clean up their act. read more
Property investors to the rescue 01 August 2013 4:33PM Anyone looking for a recovery in the lending market would not have found it in data issued by the Reserve Bank and the Australian Prudential Regulation Authority yesterday. The total value of loans.. read more
ING Direct drops down the mortgage league table 01 August 2013 4:32PM ING Direct has been overtaken as Australia's fifth largest home lender after suffering a year of net outflows from its mortgage portfolio. Suncorp Bank has moved ahead of it. read more
S&P downgrades HSBC Bank Australia 01 August 2013 4:27PM Standard & Poor's has downgraded HSBC Bank Australia's credit rating, citing a review of the local bank's status as a subsidiary of the HSBC Group. read more
State courts set uniform interest rates 01 August 2013 4:26PM Courts around Australia have agreed to apply uniform rates when applying interest to debt, rather than each state setting a rate, as is presently the case. read more
Macquarie upgrades Westpac 31 July 2013 4:25PM Macquarie Securities has upgraded Westpac to "outperform", arguing in a report that the market has been too negative about the group's mortgage strategy. read more
Opes Prime director defends ANZ borrowing 30 July 2013 4:52PM A director of the failed investment company, Opes Prime, has rejected a claim that he duped ANZ into lending him A$95 million despite knowing that the business would fail within days. Julian Smith is.. read more
Westpac sidelines MasterCard 30 July 2013 4:18PM Westpac has established a preferred credit card relationship with Visa and will issue Visa cards to most customers applying for a new credit card from October. read more
FOS rules on its first responsible lending dispute 30 July 2013 4:17PM The Financial Ombudsman Service has made its first determination that deals with the responsible lending rules and has demonstrated it is prepared to take a wide-ranging approach the issue. read more
Stronger demand for business credit 30 July 2013 4:15PM Business credit demand grew more strongly in the June quarter, according to the latest Veda Business Credit Demand Index. read more