TD hybrids come to market 04 August 2011 4:08PM Increased investor demand for high-yield savings accounts, term deposits and other cash-based products has prompted deposit-takers to start innovating in a market that has long had a staid image. read more
Little flood damage at Heritage 04 August 2011 4:06PM Queensland-based Heritage Building Society appears to have suffered no ill effects from the state's floods and storms earlier this year. A feature of the group's performance in the year to June 2011.. read more
HSBC slips on back of commercial banking weakness 03 August 2011 4:31PM Weak trading conditions in the commercial banking market had a negative impact on HSBC Bank Australia's performance in the six months to June, with the bank yesterday reporting a pre-tax profit for.. read more
FOS says lenders not managing break fees well 03 August 2011 4:29PM The Financial Ombudsman Service has identified break fees as a trouble spot for lenders and their customers, with a number of disputes focussed on that issue in recent months. read more
Changing of the guard at FOS 02 August 2011 4:34PM Colin Neave, who has headed the Financial Ombudsman Service for the past three years and one of its constituent bodies, the Banking and Financial Services Ombudsman, for the 12 years prior, announce.. read more
Analysts find good news in second tier 02 August 2011 4:25PM The Big Four banks' share prices have been underperforming the overall Australian equity market for the past few months and are likely to continue to do so as the US debt crisis plays out. In the me.. read more
Mobile wallets may not be open to all providers 29 July 2011 4:26PM The payments industry sees its future in contactless technology linked to smartphones that will host electronic wallets. However, the industry received a warning this week that wallet developers, su.. read more
bankmecu hangs out its shingle 28 July 2011 4:26PM One of Australia's largest credit unions, mecu, will change its trading name to bankmecu, making it the second credit union to take advantage the Government's policy of allowing mutuals regulated by.. read more
Looking for the contactless value proposition 28 July 2011 4:23PM MasterCard and Visa are busy rolling out contactless payment technology, claiming big gains for system, but merchants who have adopted it say it is hard to stand up a business case for the investmen.. read more
Moody's to tighten RMBS ratings 27 July 2011 4:29PM Moody's Investors Service has flagged increases in AAA mortgage default probability and house-price stress rate assumptions as part of change to its Australian RMBS ratings methodology. read more