ANZ shows benefits of Asian strategy

More than half of ANZ's lending growth in the June quarter came from its Asia Pacific, European and American (APEA) businesses, giving the bank a good source of diversification away from the low-gro.. read more

TDs on the way down

Term deposit rates have come down by around 30 basis points since the start of the month, as deposit-takers adjust to movements in wholesale markets and take advantage of easier competitive conditio.. read more

Firstfolio feels the strain

Mortgage specialist Firstfolio is showing signs of strain, as it copes with the management demands of a very busy acquisition program over the past couple of years. read more

HSBC keeps the credit cards coming

HSBC Australia has been the leader in the credit card market over the past year and this week launched a new card it hopes will help maintain that momentum. read more

Business credit inquiries pick up

Demand for business credit has been flat over the past year, but a pick up in inquiries in the June quarter might signal the start of a turnaround. read more

Credit Corp reports strong earnings growth

Debt collector Credit Corp reported a big increase in earnings in the year to June on the back of more efficient collections and a successful business expansion program. But the company warned that.. read more

Fixed rate changes all over the place

Lenders continued to cut fixed mortgage rates this week, with ANZ, HSBC, CUA and Aussie all announcing cuts during the past couple of days. Comparison site Infochoice reports that 32 lenders have ta.. read more

GE deal gives Pepper a platform for growth

Non-conforming lender Pepper Australia will use its acquisition of GE Capital's residential mortgage portfolio as a platform for expansion into prime lending; greater penetration into the mortgage-s.. read more

Storm hits Wide Bay

Floods and storms in Queensland earlier this year have led to a slowdown at the Bundaberg-based building society, Wide Bay Australia. Loan approvals for the year to June were $308 million, compared.. read more