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The proportion of interest only loans from banks is climbing steadily, reaching 42.5 per cent in the September 2014 quarter, up from 35 per cent early last year. read more

Another large, vocationally-based credit union has secured a lift in its long term credit rating. Moody's Investors Service yesterday said it upgraded the long-term issuer and senior unsecured ratings.. read more

Little scrutinised deposit-taking entities, many of them run by churches, will have to conform to a new regulatory regime from July 2015, which is designed to reduce the potential for retail investors.. read more

Australian remittance providers have won a reprieve in their battle to stay in business. Westpac confirmed it has consented to temporary orders made in the Federal Court following a hearing on Friday.. read more

Margins on home loans may come under more pressure across the industry, with Heritage Bank adopting a "limited time" rate perceived by competitors as unlikely to cover its cost of funds. read more

People's Choice Credit Union will acquire TIO Bank from the Northern Territory government from January. The NT government sold the banking arm of Territory Insurance Office for A$48 million, local NT.. read more

ANZ will suspend action to recover a A$9 million debt owed by a Melbourne toy maker, after a court found the Financial Ombudsman Service erred in a decision to insist the case be considered by a court.. read more

A Taiwanese bank that ran foul of Australian regulators in 2009 over money laundering experienced a slump in business deposits of three quarters. read more

Australia's so far minor brush with interest rate benchmark rigging scandals may be widening. read more

Residential property investors and the lenders that support them "might be starting to get just a little over-excited", Reserve Bank governor Glenn Stevens suggested last night. read more