ANZ, CBA settle BBSW 'fixing' claim

ANZ and Commonwealth Bank have reached agreements with plaintiffs involved in a United States class action over alleged manipulation of the bank bill swap rate. read more

OBU retreat underscores a bigger problem

Changes to Australia’s offshore banking unit regime will harm the country’s already-flagging competitiveness as a financial centre in the Asia Pacific, a leading industry body has warned. read more

RBA keeping BNPL no-surcharge under review

The Reserve Bank is in discussions with merchants, financial institutions and other stakeholders about criteria or thresholds to determine the point at which it may be in the public interest to requir.. read more

Pepper gets another sharply priced RMBS away

After raising a record amount of funding through the securitisation market last year, Pepper Group was back in the RMBS market this week with a $750 million issue that was notable for lower pricing th.. read more

Earlypay reports Greensill exposure

Finance company Earlypay (formerly CML Group) has disclosed an exposure to the failed supply chain finance company Greensill Capital, saying it is in the process of refinancing the affected contracts. read more

Financial stress levels worsen

The number of people experiencing financial stress is increasing, especially among the self-employed, despite the strong economic rebound. read more

Home buying intentions still strong

Home buying intentions increased in February to the highest level since the Commonwealth Bank’s Household Spending Intentions data series started in 2015. read more

BOQ completes equity raising

Bank of Queensland has completed the final stage of a A$1.3 billion equity raising to fund its acquisition of ME Bank, announcing yesterday that the retail component of the entitlement offer closed af.. read more