Small ADIs welcome at the covered bond party

Fixed-income fund managers would welcome the entry of lower-rated issuers into the covered bond market, although they fear small issuers would be hard-pressed to meet their liquidity requirements. read more

Corporate refinances at five per cent

Big bank chief executives often talk about how tight the margins are at the corporate end of the lending business, and yesterday mining and materials group OneSteel provided an illustration of just.. read more

ME Bank cuts 16 basis points

After passing on 30 basis points of the Reserve Bank's 50 basis point cash rate cut in May, ME Bank has passed on only 16 basis points of the latest cash rate reduction to its home loan customers. read more

SMART ABS prices below Libor

Investors in Macquarie Group's latest SMART securitisation have accepted payment of less than the Libor rate for the A1 tranche of the deal. read more

Asian debt levels soar

HSBC's co-head of Asian economic research, Fred Neumann, says Asia's ratio of credit to GDP has climbed to levels last seen during the Asian financial crisis of the late 1990s. read more