CBA clear to buy Aussie

Commonwealth Bank has avoided any conditions being imposed on its purchase of a controlling stake in Aussie Home Loans, with the ACCC giving the deal the green light yesterday. read more

SME borrowers wear rate pain

Small business borrowers have borne yet more pain from banks' management of their margins over the last year, while big business and residential borrowers have benefited from price competition, a ne.. read more

Pepper scours market for RMBS investors

Pepper Australia is stepping up efforts to promote a specialised fund that has been established to invest in mortgage-backed securities, including those that help finance its own loans. read more

Banks pay price for ratings caution

Banks may be paying higher interest rates on relatively short-term deposits as a form of insurance against the prospect of a cut in their credit ratings were they to source more funding from wholesa.. read more

MLC impairment $500 million

The clock may be ticking for National Australia Bank over an overdue write-down of goodwill on its wealth management arm, which comprises MLC and other smaller holdings. read more

Cuscal sells ClickSuper

Cuscal is to sell its superannuation payments processing business ClickSuper to its collaborator in the service, Payment Adviser. read more