Toyota Finance Australia to sell Uridashis

As for other issuance last week, Westpac quietly raised US$90 million for one year, at a margin of just two basis points over Libor. And AOFM issued a further A$300 million of August 2020 inflation.. read more

RMBS arrears rising

Moody's reported that data for the first quarter of 2010 shows arrears on Australian RMBS are starting to rise. Arrears greater than 30 days on prime RMBS increased to 1.34 per cent over the first q.. read more

Lloyds and RBS making progress

Weakening asset quality and operating performance will continue to pressure Netherlands-based SNS Bank's earnings. As a result, S&P revised the outlook to negative from stable on its long-term r.. read more

Subsidy for Suncorp

The timing may be coincidental with the GFC II, that now seems to be under way, but Australian Office of Financial Management announced yesterday that it is moving once again to actively subsidise p.. read more

What happens if the IMF runs out of funds?

The US Senate last week moved to legislate against the funding of IMF bail-outs of countries that have been sufficiently irresponsible as to allow their public debt to reach or exceed 100 per cent o.. read more

Australian markets fared worst last week

The rout of global financial markets continued last week and Australia copped the worst of it: hit by a triple or even a quadruple/quintuple whammy. The extent of the impact is exemplified by the fr.. read more

A threat to securitisation avoided

Last week Banking Day reported on the recent inclusions in the Wall St Reform Bill that would in effect 'nationalise' credit rating agencies. But in the meantime a regulatory change to the Credit Ra.. read more