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Despite the tensions between Australia and China over trade and diplomatic issues, Chinese banks recorded strong growth in resident Australian assets in 2020. read more

The securitisation market is going through a purple patch, with Pepper Group pricing its latest non-conforming issue of residential mortgage-backed securities at the tightest margin since before the 2.. read more

bcu, a division of P&N Group, has set a new low for mortgage rates, with a one-year offer of 1.67 per cent for owner occupiers. read more

Banks reported 40,000 breaches of the Banking Code of Practice in the 2019/20 financial year – an increase of 160 per cent over the previous year. Seventy per cent of the breaches were caused by human.. read more

The Australian Office of Financial Management’s Structured Finance Support Fund has effectively completed its task, with no requests for support for public or private market transactions during the Ma.. read more

Bank of Queensland grew share in the mortgage market during the six months to February – the first time the underperforming bank has increased its mortgage share in years. read more

Bank of Queensland has realised a pet project of chief executive George Frazis, launching a revamped Virgin Money Australia as a digital bank. read more

Failing to sign up for an AFCA membership resulted in eight businesses having their credit licences cancelled or suspended in the six months to December 2020. read more

Whatever consumer benefits and industry changes will flow from Australia’s adoption of open banking, via the consumer data right; they will not come quickly. read more

Receivables management start-up Credit Clear has received a big win, with Suncorp signing a two year contract for a digital service. read more