Macquarie gets some interest rate action 17 February 2012 5:51PM Macquarie Bank Mortgage Solutions wrote to customers yesterday, letting them know that its variable mortgage rate would go up 10 basis points on February 20. Macquarie's rate will rise to 7.4 per ce.. read more
AMP Bank has a good one 17 February 2012 5:49PM AMP Bank's performance was one of the bright spots in AMP's 2011 financial report, which was released yesterday. read more
Costs eat up Cash Converters' profit 17 February 2012 5:45PM Despite 28 per cent growth in revenue in the six months to December, short-term lender Cash Converters suffered a 7.5 per cent fall in net profit for the half. read more
CBA was writing home loans at a loss 16 February 2012 6:00PM Commonwealth Bank chief executive Ian Narev confirms that prior to the bank's decision to raise home loan interest rates it was writing mortgages at a loss. read more
CBA takes different road to productivity 16 February 2012 5:58PM Commonwealth Bank chief executive Ian Narev says he has no plans to retrench any of the bank's 45,000 staff or send their jobs overseas. read more
CBA results at a glance 16 February 2012 5:56PM Commonwealth Bank's net profit rose 19 per cent, from A$3.05 billion, in the six months to December 2010, to $3.6 billion in the latest half. read more
ING Direct, St George, Bank of Melbourne move on rates 16 February 2012 5:51PM St George Bank added 12 basis points to its standard variable home-loan rate yesterday, taking the rate to 7.42 per cent - the second-highest increase of the past week. read more
Colonial offers subordinated notes 16 February 2012 5:49PM Hot on the heels of ANZ, which launched a subordinated note on Tuesday, Colonial Holding launched a subordinated note of its own yesterday. read more
Too early to say if narrower bank debt spreads will hold, says RBA 15 February 2012 5:49PM The latest movement in the bank debt markets has seen a sizeable narrowing of spreads. Spreads on domestically issued covered bonds have come in from their average issue price of 170 basis points ov.. read more
More SVR action 15 February 2012 5:48PM Greater Building Society was the only mortgage lender to move on variable mortgage interest rates yesterday, announcing that its standard variable home-loan rate would go up 10 basis points to 6.9 p.. read more