APRA speeds up sub debt debate

Investor tolerance for nifty, "loss-absorbing" debt instruments will be tested by APRA's final conclusions on reforming capital measures for Australian banks. read more

CUA slogs deposits

A fast pace of growth in deposits and "record member growth" over the December half suggests that the busy investment in "digital" is making its mark at CUA - Australia's largest credit union. read more

No life for AMP without AGM vote

There could be no more material change in the strategic direction of an enterprise than AMP selling AMP Life - so an EGM and a shareholder vote are imperative to greenlight or rethink the $3.3 billion.. read more

Mortgage broking on borrowed time

Trail commissions are doomed and upfront commissions are also a lost cause.For now, the mortgage broking sector in revelling in the government's announcement yesterday afternoon that is "has decided t.. read more

Stubborn AMP 'surrenders' legal briefs

AMP and Clayton Utz have surrendered in their court battle with ASIC over failure to produce documents. Clayton Utz has now provided ASIC "with its internal file notes from the firm's interviews with.. read more

Ongoing concerns over YBR loss

The absence of any mention of a "going concern" view from its auditors will fan questions over Yellow Brick Road following a horror loss of $34 million. read more