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
Insolvencies near GFC levels 04 May 2017 4:16PM The number of personal insolvencies rebounded over the March 2017 quarter - and are now approaching the levels seen during the global financial crisis. read more
Puny fine for total tosh on debt agreements 04 May 2017 4:14PM Following an ASIC investigation, three Sunshine Coast spruikers of debt agreements have agreed to pay a notional fine over unsubstantiated claims made on their websites. read more
Jaws droppers scale ANZ cost and risk 03 May 2017 3:49PM ANZ is getting "closer and closer" to the point where its diminishing institutional banking and surplus Asian banking interests are pared down to a level that suits the bank. "We're focused on busines.. read more
Earnings vice bothers ANZ 03 May 2017 3:46PM Low wages growth and low credit growth are constraints facing the entire banking sector, Shayne Elliott, chief executive of ANZ said yesterday. "If this continues, this will curtail credit growth to f.. read more
Cautious ABA prescribes same old therapy 03 May 2017 3:43PM The blacklist that dare not speak it's the name is the most prominent amber alert on the ABA's self-assessment on its year long Banking Reform Program.The ABA's debut annual report on this program is.. read more
Capital ratchet in sight for NZ banks 02 May 2017 3:55PM Minimum capital ratios for banks in New Zealand may be steered toward a percentage into the teens, a high minimum target by global standards. read more