Westpac unveils its stable deposit solution 12 February 2013 5:46PM Westpac has launched a new deposit product that may serve as a prototype for a major change in this market, as banks adjust to the new liquidity coverage ratio rules. read more
Firstfolio's recapitalisation plan turns into a takeover 12 February 2013 5:42PM Mortgage company Firstfolio has entered into an heads of agreement with an equity investor, Australian Capital Enterprise, to raise A$57.6 million. It announced yesterday that ACE will take $1.7 mil.. read more
First-home buyer activity plunges 12 February 2013 5:40PM First-home buyer activity in the housing finance market fell heavily last year, according to Australian Bureau of Statistics figures released yesterday. read more
Macquarie upgrades mortgage package 12 February 2013 5:37PM Macquarie Bank has performed strongly in the mortgage market over the past year and is keen to maintain the momentum. Accordingly, yesterday it released some enhancements to its discounted package o.. read more
Bendigo and Adelaide's RMBS double-whammy 11 February 2013 5:23PM Bendigo and Adelaide Bank has pulled off two significant achievements with the first local issue of residential mortgage-backed securities this year - the best pricing for two years and the sale of th.. read more
NAB targets big savings with new data centre 11 February 2013 5:16PM National Australia is budgeting a saving A$22 million over the next seven years by consolidating its data centres. read more
PPSR still controversial a year on 11 February 2013 5:14PM Australia's Personal Property Securities Register remains controversial 12 months after it was launched, with the main concern now being that awareness among the general business community is low. read more
Interest-free works for FlexiGroup 08 February 2013 5:55PM Five years ago finance company FlexiGroup moved into the interest-free finance market, when it bought a business called Certegy. Last year it went further into that market when it bought Lombard Finan.. read more
BOQ owner-managers were a bunch of all-sorts 08 February 2013 5:35PM A former Bank of Queensland manager denied to the NSW Supreme Court that he exaggerated the capabilities of applicants for branch franchises in New South Wales, to support their applications, or tha.. read more
CBA segments online investors base 07 February 2013 5:37PM Commonwealth Bank is using its technology to segment and streamline its online investment offerings. read more