Banks' mortgage spreads hit a six year high last year 18 March 2016 4:49PM Net interest income for banks - the number one driver of industry profits - is deep into a period of unusual vigour. read more
Industry sweet with low rate mix 18 March 2016 4:47PM Low interest rates are entrenched in Australian commerce, with borrowers and lenders alike facing a unique rates mix. read more
Loan arrears will worsen: Moody's 18 March 2016 4:43PM Delinquencies and defaults for Australian prime residential mortgage-backed securities "will increase slightly from their current low levels, owing to below-trend economic growth," Moody's Invest.. read more
Country First CU calls it a day 17 March 2016 4:58PM Members of Country First Credit Union this week voted in favour of the amalgamation of the Griffith-based mutual with Beyond Bank Australia. The merger is due to take effect on April 1. read more
Pepper credit managers stage MBO 16 March 2016 5:08PM The senior executives of Pepper Investment Management, a boutique credit investor, finalised a management buyout of Pepper Group's controlling 75 per cent stake. read more
Mutual detonation may yield for Auswide 15 March 2016 5:10PM Auswide Bank is gunning for a hefty boost to its profit from its planned takeover of Queensland Profession Credit Union. read more
Dashboard pillars prepped for quarterly reset 15 March 2016 5:08PM The wheels are turning on a promised refresh of "pillar 3" quarterly disclosure requirements for banks. read more
Repeat offender Macquarie challenges conditions on Australian Financial Services Licence 14 March 2016 5:08PM Macquarie Bank has been ordered to commission and produce an expert's report by early April in connection with mishandling of client money. read more
Senate committee calls for responsible lending rules to be applied to investment lending 14 March 2016 5:07PM Responsible lending laws may be extended to cover "credit provided predominantly for investment purposes" if the views of a Senate committee hold any sway. read more
Sloppy ANZ unable to enforce guarantee 14 March 2016 5:06PM ANZ has failed for a second time to persuade a court that a director's guarantee may be enforced in connection with a business loan advanced to a properly developer in 2006. read more