ANZ amends hybrid terms 22 January 2013 5:08PM ANZ has adjusted the terms of its CPS3 preference shares to align them with APRA's requirements for conversion to common equity. read more
Yield play will buoy banks' stocks 22 January 2013 5:05PM Australian banks' stocks have further to run yet, despite having rallied by an average of around 20 per cent last year. read more
Minnow searches for a technology edge 21 January 2013 5:19PM When the chief executive of Beirut Hellenic Bank, James Wakim, commissioned a new core banking system 18 months ago, he was concerned about what sort of investment his bank could make that would give.. read more
Collection House on a roll 21 January 2013 5:15PM Receivables manager Collection House issued a statement on Friday saying it expected to report strong profit growth for the December half. read more
APRA says SMSF mortgages are non-standard 18 January 2013 4:43PM APRA has sent a letter to approved deposit-taking institutions advising them that the capital treatment of loans to self-managed superannuation funds secured by residential mortgage may have a diff.. read more
Macquarie prices first ABS deal of the year 18 January 2013 4:40PM Macquarie Group has raised A$533 million through its latest issue of asset-backed securities, Smart Series 2013-1US Trust. read more
Government considers regulation of vendor-introducers 17 January 2013 5:03PM Retail staff who arrange point-of-sale finance for consumers may soon be required to comply with the National Consumer Credit Protection Act. read more
Grant changes squeeze first-home buyers 16 January 2013 5:21PM Changes to first-home buyer grant schemes in New South Wales and Queensland appear to have led to the withdrawal of that group from the real estate market. read more
Howard Mortgage Fund returns capital 16 January 2013 5:12PM The manager of the Howard Mortgage Fund, Fidante Partners, has started returning capital to unit-holders, as one of Australia's oldest mortgage trusts winds down - another sign the mortgage trust in.. read more
Defence Bank opens video call centre 16 January 2013 5:09PM In a first, Defence Bank has opened a video call centre at its Melbourne head office, offering customers the opportunity to video-conference with its staff. read more