QBE mortgage insurance in reverse

Notorious for the slender disclosures it chooses to make relating to its lenders mortgage insurance division, QBE Insurance Group has owned up, once more, that this business is going backwards. read more

People First in a mortgage jam

Service standards and turnaround times on home loan applications have blown out, badly, at People First Bank, at least for applications lodged via mortgage brokers.  read more

Kiwibank sell down distant and difficult

Nicola Willis, New Zealand’s finance minister is duty bound – surely – to test the market for any interest in an outright takeover of Kiwibank, alongside all other schemes to conjure up capital in ord.. read more

Panin, Bankwest weigh on CBA

Commonwealth Bank’s sale of its 99 per cent holding in PT Bank Commonwealth in Indonesia has resulted in a total non-cash loss of $298 million. read more

Suncorp downgraded on bank sale

Moody's Ratings has downgraded the long-term issuer ratings of Suncorp Group Limited to A3 from A2, following the sale of its banking subsidiary to ANZ yesterday. The rating outlook is stable. read more