RedZed lifts sights in the RMBS market 09 September 2015 3:52PM Mortgage funder RedZed Lending Solutions aims to become a more frequent user of the debt capital market, with the Melbourne-based firm in the throes of marketing its third series of mortgage-backed se.. read more
Lending conditions worsen for banks 09 September 2015 3:51PM Borrowing conditions worsened and demand for credit weakened over the past three months, the National Australia Bank business survey released yesterday found. read more
Comment: years after St George takeover Westpac gets to work 08 September 2015 3:55PM "What have you been doing the last six years?" was a pointed, and pertinent, question by JP Morgan banking analyst Scott Manning late in yesterday's investor day for Westpac. read more
Comment: Australian banks' costs too high 07 September 2015 3:55PM It is not often Banking Day finds sell side analysts speaking out on the cornerstone dilemmas in the Australian industry, but UBS analyst Jonathon Mott has produced a caustic comment on the state of t.. read more
IMF renews concern for inclusion 07 September 2015 3:53PM Resolving unequal access to finance "is crucial to delivering on the 2025 objective," IMF managing director Christine Lagarde told the W-20 Summit in Ankara overnight. read more
OnCard meanders into dairy sector 07 September 2015 3:50PM OnCard, an ASX-listed but degraded challenger in the pre-paid cards market in China, has settled on a new direction - the manufacture and marketing of dairy products. read more
AFG brokers white label deal with Macquarie Bank 04 September 2015 4:14PM Mortgage broker AFG said it reached white label funding agreement with Macquarie Bank under which the former will originate loans for the latter. AFG already has one such funding agreement in place wi.. read more
Savings collapse as growth wilts in Australian banking 03 September 2015 4:03PM The household saving ratio fell once more in the June 2015 quarter, concurrent with some of the weakest quarterly figures on economic growth in years. read more
Comment: Deposit insurance remains unfunded 02 September 2015 3:52PM Banks in Australia have won a free kick from the Government, with plans for one form of a funded system of deposit insurance now abandoned. read more
Finance profits in the red 01 September 2015 3:51PM Profits are in decline across the financial services sector, while company profits are weak throughout the economy, new data from the Australian Bureau of Statistics shows. read more