Is S&P downsizing? 15 February 2012 5:46PM The talk in the market is that Standard & Poor's will close its Australian investment-fund rating and research business. read more
ANZ launches subordinated note offer 15 February 2012 5:45PM ANZ will tap the retail investor market for A$500 million of fresh capital. The bank launched a subordinated note issue yesterday that is expected to pay an initial yield in excess of seven per cent.. read more
PPSR problems require a long-term fix 15 February 2012 5:43PM Users of the Personal Property Securities Register say the registrar is responding to complaints about the operation of the new service but reaching a proper solution will take some time. read more
Westpac launches Energy Efficient Lease 15 February 2012 5:41PM Westpac Institutional Bank is hoping to capitalise on the move to lower business carbon footprints with a new finance product called the Energy Efficient Lease. read more
Anti-money laundering regime under review 15 February 2012 5:39PM Australia's anti-money laundering regime has very strict reporting requirements compared with AML regulation in other countries, but it has a very low rate of prosecution. read more
The out-of-cycle cycle 14 February 2012 5:37PM Commonwealth Bank, National Australia Bank and Bendigo & Adelaide Bank have joined ANZ and Westpac in making out-of-cycle home loan interest rate increases. read more
RBA rate cuts spark mortgage market 14 February 2012 5:34PM The November and December interest rate cuts have boosted the housing finance market - the number of dwelling commitments in December rose 2.3 per cent month-on-month and finance for the constructio.. read more
ANZ takes the knife to its most efficient business 14 February 2012 5:31PM ANZ's announcement yesterday that it will shed 1000 jobs in Australia by the financial year-end is curious as this is its most efficient and profitable division. read more
Credit card market finishes 2011 on another low note 14 February 2012 5:29PM The value of credit and charge card spending for the year to December fell A$246 million to $248.9 billion, according to MWE Consulting. read more
Payment participants switch on COIN 14 February 2012 5:26PM The 30 million low value electronic payments that Australians make each day are now being processed through a common payment network for the first time - the new Community of Interest Network. read more