SME finance ‘remains strong’ in the face of rising rates 25 July 2022 6:03AM COG Financial Services’ push into lending and ongoing participation in the consolidation of the commercial finance broking market paid off for the company in the year to June, with solid earnings grow.. read more
BNPL’s low-cost claims challenged 25 July 2022 6:00AM Curtin University accounting academics cut through the claptrap and expose the most fundamental falsehood central to buy now pay later business models. Which is that, of course there is an interest ra.. read more
Pepper completes fifth securitisation this year 25 July 2022 5:48AM Pepper Money has priced a A$500 million issue of residential mortgage-backed securities – its fifth public securitisation transaction this year. read more
Foreign investor exodus hits local RMBS market 22 July 2022 4:44AM Conditions in the Australian securitisation market have become more challenging for issuers, following the liquidation of holdings by overseas investors that have shifted their focus to the UK and Eur.. read more
Call for macroprudential policy to assist first home buyers 22 July 2022 4:42AM Macroprudential policy has played an important role in supporting home ownership in Australia in the past and remains a useful tool in housing policy, a report argues. read more
Fixed rates through the roof 22 July 2022 4:40AM Lenders are not hesitating to increase their variable mortgage rates in line with the Reserve Bank’s cash rate changes but they are increasing fixed rates by even more. read more
Higher non-bank funding rates raise growth v margin dilemma 21 July 2022 6:14AM Consumer lender Plenti has decided to prioritise margin protection over loan growth, reporting that originations were down in the June quarter. read more
ANZ entitlement price ‘a material discount’ 20 July 2022 6:07AM Morningstar has recommended that ANZ shareholders participate in the bank’s A$3.5 billion equity raising, saying it is priced at a “material discount” to its fair value estimate for the bank. read more
Harmoney flags maiden profit 20 July 2022 6:03AM Consumer lender Harmoney has released unaudited details of its 2021/22 accounts, saying it expects to report a cash profit when it presents its financial report next month. read more
Suncorp promises business as usual during long bank sale completion 19 July 2022 6:15AM Suncorp’s approach to managing Suncorp Bank for the year or more until its sale to ANZ is completed will be based on its current strategy, with a business-as-usual approach to policies and procedures,.. read more