Great Southern trial date set in stone

Plaintiffs in an action against Great Southern Finance and Bendigo & Adelaide Bank failed in an attempt to revise their claim and further delay the trial, which is due to start on September 17. read more

ANZ loosens China ties

One of ANZ's early investments in China looks stranded, with the bank announcing yesterday that it will not support a capital raising for Bank of Tianjin. read more

Provident Capital in receivership

The Federal Court late on Tuesday confirmed the appointment of Philip Carter, Tony Sims and Marcus Ayres from PBB Advisory as receivers of Provident Capital, a Sydney-based finance company. The cour.. read more

CFTC sets de facto rules for Libor

Amid the controversy over the fines imposed on Barclays by regulators in the UK and US over its misleading contribution to the setting of benchmark interbank rates it is easy to overlook some de fac.. read more

Second prop for Liberty securities

Liberty Financial priced A$300 million in mortgage-backed securities on Friday, the second transaction supported by non-conforming loans to make it to market this year. read more

MAS ask foreign banks to incorporate

ANZ may have to incorporate, and shift capital, to its retail banking operation in Singapore. The Monetary Authority in Singapore yesterday outlined plans to require foreign banks " that are importan.. read more

Low-doc borrowers feel the pain

Borrowers with low-doc loans, who tend to be self-employed, may be experiencing a greater than the usual level of difficulty paying their loans. read more