Small lenders struggle for business 10 August 2011 4:32PM The market share of non-bank lenders in the housing finance market declined for the eighth straight month in June, monthly data published by the Australian Bureau of Statistics shows. read more
Conservatism rules at Bendigo 09 August 2011 4:46PM Bendigo and Adelaide Bank is hoping a tempering of pricing on term deposits will lift margins at a time of rising liquid asset levels, which are climbing both at management's choice and because of c.. read more
More bank capital needed, argues IMF 08 August 2011 4:44PM The International Monetary Fund yesterday called on Australian financial regulators to adopt higher capital ratios for major banks. read more
Collection costs mount for Pepper's Wizard loans 08 August 2011 4:39PM Nine per cent of the home loans acquired by Pepper Homeloans from GE Capital are in arrears by 30 days or more. Of those in arrears, Pepper is treating more than half as hardship cases. read more
FHOG cohort up-to-date with payments 08 August 2011 4:33PM The after-effects of the mis-selling of home loans by mortgage brokers in south-western Sydney in the early 2000s continue to linger, with loans from that era and that location being among the worst.. read more
Lloyds' losses mount 05 August 2011 4:44PM More than a third of Lloyds Banking Group's loans to Australian borrowers are impaired, the half-year financial report for the UK bank, published last night, shows. read more
Wholesale help for Westpac NZ 03 August 2011 4:35PM The pace of profit recovery for Westpac New Zealand is lifting, as better margins and a further fall in the charge for bad debts improve the bottom line. read more
Post moves into loan origination 03 August 2011 4:33PM Australia Post will seek to stretch its financial services' offering beyond deposit and transaction products under an arrangement worked out with Rural Bank. In a first for Post, a small number of p.. read more
Deposits decline at time of sky-high savings 01 August 2011 4:57PM Household deposits with banks declined for a second month in a row in June, a trend that may have more to do with an apparent aversion to credit than a diversion of savings to alternative investment.. read more
'Break up' immaterial to NAB's retail gains 01 August 2011 4:53PM The monthly banking statistics for June 2011 from APRA provide an opportunity for an overview of the relative gains made by National Australia Bank since the relaunch of its paid advertising in mid.. read more