Westpac would take the biggest hit if risk-weightings go up 29 July 2013 4:39PM Any move by the Australian Prudential Regulation Authority to require the big banks to increase their risk-weightings for determining capital adequacy would weigh most heavily on Westpac, according.. read more
BOQ pays a wider margin for RMBS 29 July 2013 4:37PM Bank of Queensland has not been able to secure the same tight spread as other second-tier bank issuers in the securitisation market this year. read more
Weak Aussie dollar will lift Macquarie's earnings 26 July 2013 4:39PM Macquarie Group is anticipating a boost to earnings from the weaker Australian dollar. It held its AGM yesterday and provided some details of its performance in the June quarter. read more
Widespread support for PIN@POS proposal 26 July 2013 4:36PM Submissions to an Australian Competition and Consumer Commission consultation on an application by Visa and MasterCard to act together to phase out signatures as a means of customer verification hav.. read more
FOS and COSL agree to securitised loan protocol 26 July 2013 4:34PM The two financial sector external dispute resolution schemes, FOS and COSL, have come to an agreement about how they will handle any complaints that are also being dealt with by the other service. read more
Three digital wallet providers roll out their offerings 26 July 2013 4:29PM Over the coming year, financial institutions, merchants and consumers will have the opportunity to decide what their ideal digital wallet looks like. Australia now has three digital-wallet projects.. read more
CBA offers to sell property trust management rights 25 July 2013 4:41PM Commonwealth Bank has announced plans to internalise the management of three real estate investment trusts. read more
Customers forgive banks for their interest rate policies 25 July 2013 4:34PM Consumers and businesses were unhappy with their banks last year for choosing not to pass on all of the Reserve Bank's cash rate reductions. But financial institutions ended the 2012/13 financial ye.. read more
Funding Symond's Point Piper mansion shaped Aussie's restructure 23 July 2013 4:46PM When John Symond started discussions with advisers about a restructure of his business, Aussie Home Loans, in 2002, he was motivated by a desire to unlock equity in the business. But he also had ano.. read more
Symond given negligent tax advice 23 July 2013 4:40PM Aussie's John Symond advised by his tax adviser to issue redeemable preference shares. Symond then withdrew funds from Aussie by redeeming these preference shares to the value of $57 million - this pa.. read more