ASIC calls for higher standard in credit advertising 06 June 2012 4:49PM The Australian Securities and Investments Commission has put credit providers on notice that it wants better disclosure in their advertising. read more
ATO ruling encourages SMSF lenders 06 June 2012 4:46PM Lenders are hoping the market for self-managed superannuation fund loans will gather some much needed momentum following the release of an ATO ruling that provides greater clarity about the tax tre.. read more
Deposit rates cut harder than mortgage rates in May 04 June 2012 5:06PM Financial institutions cut their savings rates harder than their borrowing rates in the month following the Reserve Bank's 50 basis point reduction in the official cash rate. read more
Resimac taps US money market funds 04 June 2012 5:04PM Resimac has followed ME Bank into the United States' 144a market with its latest issue of residential mortgage-backed securities, the Premier Series 2012-1. read more
Suncorp earns an upgrade 04 June 2012 4:57PM Suncorp's new simplification program has won favour with analysts at Deutsche Bank and Macquarie Equities, who upgraded the stock after the latter's strategy briefing last week. read more
Deposits still growing ahead of mortgages 01 June 2012 4:36PM Household deposits continue to grow at a faster rate than home loans, according to APRA's latest banking statistics. read more
IMB plans slow share buy back 31 May 2012 5:23PM The board of IMB Ltd, one of Australia's largest building societies, has accepted a recommendation that it cancel its publicly traded ordinary shares through a series of buybacks. read more
Price-signalling ban applies only to deposits and loans 31 May 2012 5:21PM The Government's ban on price-signalling by banks will be limited in its application to deposit-taking and lending and will have no impact on other activities, such as insurance or wealth management.. read more
Banks' funding situation improving, says Fitch 30 May 2012 4:53PM The composition of major Australian banks' funding is improving, but only slowly, says Fitch Ratings. read more
FlexiGroup acquires Lombard Finance 30 May 2012 4:49PM Finance company FlexiGroup will continue its push into the point-of-sale, interest-free finance segment with the purchase of Lombard Finance. read more