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
ASIC probe on ANZ 'negative' for credit profile 11 March 2016 4:34PM Moody's Investors Service is taking a severe view of the potential financial ramifications to ANZ of its alleged conduct malfeasance in the short-term money market. read more
Old Gold folds into First Option 11 March 2016 4:33PM Old Gold, Australia's smallest credit union, has merged with First Option Credit Union, bringing the number of mutuals ADIs in Australia to 89. read more
Appeal court dismisses compo claim by ABN pair 10 March 2016 5:46PM Two former executives of ABN Amro Australia failed to establish claims they were owed multi million dollar ex gratia payments at the the time Royal Bank of Scotland bought the ABN group in 2008. read more
IPO desperadoes wear whopping rates 10 March 2016 4:28PM A business lender is carving out a niche supplying working capital loans with interest rates as high as 150 per cent. read more
Paymark seeks quick sale 08 March 2016 5:20PM A longlist of hopefuls is forming for the forthcoming sale of the Paymark eftpos business in New Zealand, with indicative bids due at the end of this month. The vendors aim to pick a buyer by May. read more