APRA pulls leash on mortgage assessments

APRA will insist on more consistent rules on the assessment and reassessment of borrowers over loan serviceability, a measure intended to bolster other rules that, in effect, may restrain credit growt.. read more

ABS returns wander for Perpetual

Subdued growth in revenue from shepherding and reporting on asset-backed and mortgage-backed bonds has growth in profit for the corporate trust division of Perpetual. read more

Flexigroup profit lifts via cards

Specialist financier Flexigroup is turning its cards business into a hero in a market segment lacking in challengers, while also disproving internal concerns that the firm's sales culture is a problem.. read more

Sector strife in household debt load

The credit quality of the bedrock of the Australian banking sector's asset base looks compromised, with the central bank alert to the drag of debt on household spending. read more

Consumer banking lifts for HSBC

The retail and small business banking activities of HSBC are looking up, or their earnings are, with both offsetting a steep fall in profit for the institutional banking arm of the group in Australia. read more

Core and capital rethink for Heritage

An overhaul of its ageing, DIY core banking system is a strategic priority for Heritage Bank, and one that has its custodians agitating for law reform that would allow it to issue tier one capital. read more

Money worries dog iSelect

A loss of market share to the likes of Finder and Mozo takes the gloss off a turnaround story for financial comparison service iSelect. read more

Macquarie corners UK quarry

The UK government looks to be poised to endorse Macquarie's "£2 billion bid" for the publically owned Green Investment Bank, with a local pension fund in tow as co-investor. read more