Stargroup scrambles toward banking terrain 01 May 2017 3:52PM A last ditch equity capital raising by Stargroup Ltd will enable the ASX-listed ATM operator to settle a long delayed purchase of the automatic teller machine network of Indue, a specialist payments p.. read more
Property developer loans 'poor' in APRA eyes 01 May 2017 3:50PM The quality, or lack of it, of the banking sector's loans to property developers is a further theme agitating Australia's prudential regulator, with "guidance" promised later this year.?A late 2016 re.. read more
'Unworkable' threshold for SME covenant cut-off 01 May 2017 3:49PM Kate Carnell, the Australian Small Business and Family Enterprise Ombudsman, is one critic of the banking industry hard to deflect by an introverted industry reform agenda.Carnell yesterday said.. read more
Paymark soldiers on amid buyer disinterest 01 May 2017 3:48PM Paymark, New Zealand's principal Eftpos network, has engineered a "stay in business" shift of its primary telecom services provider to Transaction Network Services, replacing Spark New Zealand. read more
Beyond hunts deeper into NSW 01 May 2017 3:46PM Beyond Bank plans to merge with Hunter United Employees Credit Union, a union likely to be in place by late 2017.Once the Hunter United merger is finalised, Beyond Bank will have had five mergers sinc.. read more
New borrowing rules may limit SMSF property ownership 28 April 2017 4:14PM Demand for credit from self-managed super funds may be curtailed if new rules on borrowing by SMSF members are introduced as outlined in a Treasury exposure draft. read more
Brokered and stressed loans turn Spectrum dark on banks 27 April 2017 3:48PM The extensive use by banks of mortgage brokers and "embellished loan applications" is the rationale shared by one fund manager for leaning towards lightening an already underweight position in Austral.. read more
Australian shadow banks in global eye 26 April 2017 3:33PM Shadow banking entities in Australia "deserve particular attention", an assessment by Canada's Global Risk Institute has concluded. read more
Disciplined banking reformers attract McPhee glow 24 April 2017 3:40PM The latest reconnaissance report by Ian McPhee for the Australian Bankers Association on the sector's 2016 measures to fend off intrusions throws a soft light on the sector, with topics of controversy.. read more
Retread works for Coleman crew 24 April 2017 3:37PM Rather like the CEO hearings that informed it, the second report on the Review of the Four Major Banks from the Standing Committee on Economics is practically all old hat. read more