Consistency settles on harried Australian banks 09 May 2017 3:46PM A plateau in the level of profit across the top tier of the Australian banking sector is producing one consensus among rivals and followers: the industry had best sharpen up on costs, among other leve.. read more
Banks pause for terms of PC probe 09 May 2017 3:45PM A proposed new public inquiry into the banking industry has a theme, political backing, a start date and an end date - but no genuine terms of reference yet. read more
Arch devours LMI fruit and Genworth entrails 08 May 2017 4:14PM Arch Capital Group is the rising titan of the Australian capital market, and jostling for claims as risk decision-maker-in-chief in a hyperventilating mortgage market. Westpac and Macquarie Bank are o.. read more
Macquarie corresponds returns with reputation 08 May 2017 4:13PM When fronting investment types at the end of last week, Macquarie Group's CEO Nicholas Moore and CFO Patrick Upfold, conformists both, didn't tell much of any story on a 2017 full year result that fit.. read more
Comment: Macquarie and Moore on mute amid bonus clutter 08 May 2017 4:12PM From contested near-death experiences in 2008 to action stations in 2011 and then to this weekend's trooping of the colour of the newest bankers' Lamborghinis stashed with bonus lolly, it's been a hec.. read more
'Below system - No problem' at NAB 05 May 2017 4:16PM National Australia Bank expects to have pared back its interest-only lending to within APRA's 30 per cent cap by the last quarter of the year, managing director Andrew Thorburn said yesterday. read more
RBA calls for breathing space over mortgage stress 05 May 2017 4:15PM APRA's new macroprudential measures are not targeted at high house prices, but are about "breathing space while the underlying issues are addressed," RBA governor Philip Lowe said yesterday. read more
Comment: lack of interest on digital wallets, UBank, Nabtrade 05 May 2017 4:13PM Bank of New Zealand has drummed up scant interest in Android Pay and NAB shared no data on demand in Australia. As for Apple Pay, NAB's silent on talks with Apple and coy about UBank's status. read more
Mortgage strife concentrates for Genworth 04 May 2017 4:18PM Mortgage delinquencies managed by insurer Genworth Australia nudged higher over the three months to March 2017 quarter and have crept up by around one quarter over the last year or so. read more
Queensland credit unions find common ground 04 May 2017 4:17PM Queensland Country Credit Union and Queenslanders Credit Union plan to form the second largest Queensland based Credit Union. read more