ANZ says funding costs up, demand subdued, rates steady 16 January 2012 5:13PM ANZ released the results of its first monthly interest rate review on Friday, announcing that its rates for retail mortgages and small business lending would remain unchanged. read more
Savers take a hit 22 December 2011 5:34PM Savers will have to start lobbying the Treasurer to do for them what he did for home buyers after a number of deposit-takers took a bit extra off their rates on top of downward variable rate moves i.. read more
Rate cuts make for happy customers 22 December 2011 5:32PM The banks may not have been happy about having to pass on all (in most cases) of the past two cash rate cuts to their home loan borrowers but their customers have been very happy about it - and the.. read more
FirstMac RMBS pricing out to 150 points 21 December 2011 5:28PM Mortgage finance company FirstMac will pay 150 basis points over the bank bill swap rate for an AAA-rated tranche of mortgage securities with a weighted average life of 2.9 years. read more
ASIC bans Melbourne mortgage broker 21 December 2011 5:27PM The Australian Securities and Investment Commission has imposed a permanent ban on a mortgage broker who submitted false material in a licence application and falsified documents in a loan applicati.. read more
Big Four closing the satisfaction gap 21 December 2011 5:25PM The Big Four banks are closing the gap with their smaller rivals in the customer satisfaction stakes. read more
Credit Corp settles shareholder class action 20 December 2011 5:21PM Receivables' manager Credit Corp announced yesterday that it had agreed to settle a class action brought by fund manager Clime Capital Group and other parties. The settlement agreement provides for.. read more
Mutuals told to improve compliance 20 December 2011 5:19PM Mutual finance services companies have been called upon to improve the way they provide advice to members about direct debits and to make it easier for them to get information about dispute resoluti.. read more
Bank of Cyprus deal gives Bendigo and Adelaide more business banking clout 19 December 2011 5:47PM Bendigo and Adelaide Bank's acquisition of Bank of Cyprus Australia will give it access to a business banking distribution network in New South Wales, Victoria and South Australia. read more
Bendigo and Adelaide writes down margin lending business 19 December 2011 5:45PM Bendigo and Adelaide Bank has written down the goodwill value of its margin lending business, Leveraged Equities, by A$95 million. read more