Banks make up lost ground in customer satisfaction ratings 20 July 2011 4:24PM Banks have made up the ground they lost in customer satisfaction late last year and early this year, following the out-of-cycle rate increases in November. read more
Firstfolio to buy Calibre 19 July 2011 4:18PM Mortgage specialist Firstfolio has entered into exclusive negotiations to acquire a controlling interest in boutique lender Calibre Financial Services. read more
'Serious gap' in the wealth management market 15 July 2011 5:03PM The wealth management market is highly skewed, according to a new survey, with investments in superannuation and managed funds, and access to financial planning, concentrated in a minority of the popu.. read more
Non-conforming funding limps along 15 July 2011 4:56PM Lender Resimac Ltd yesterday completed only the second issue of non-conforming mortgage securities since the financial crisis, when it announced the pricing of Bastille Series 2011-1NC. The deal was u.. read more
Investec prices Impala 14 July 2011 4:01PM Investec Bank Australia will pay 135 basis points over the one-month bank bill swap rate for funding through an issue of asset-backed securities. Yesterday, the bank finalised the pricing of its sec.. read more
Government outlines revived tax discount on savings 13 July 2011 4:27PM The Government put its plan for a tax discount on interest income back on the agenda yesterday, when it issued a discussion paper with a proposed design for the scheme that is now due to start in Ju.. read more
Personal insolvency numbers down 13 July 2011 4:20PM Personal insolvency activity fell significantly in the 2010/11 financial year, despite plenty of surveys reporting growing numbers of households struggling with debt, and banks reporting higher arre.. read more
Commonwealth gives its mobile service a facelift 13 July 2011 4:18PM Commonwealth Bank has added a foreign exchange "toolkit" to its mobile banking platform, allowing users to check forex rates in 33 currencies and set currency alerts. read more
Home owners snap up refinancing deals 12 July 2011 4:10PM The home loan market is growing again, after several months of decline following the Reserve Bank's November interest rate increase. The number of loans approved in May for owner-occupied housing ro.. read more
Heritage prices $800 million RMBS 12 July 2011 4:07PM Heritage Building Society made a return to the mortgage-backed securities market after a five-year absence, when it priced a mortgage-backed bond yesterday. read more