Lower deposit guarantee cap proposed

With less than five months to run until the expiry of the present cap of A$1 million on the Australian government guarantee on bank deposits, financial regulators have finally published their views.. read more

Four years to modernise super payments

The superannuation sector, and employers who make super payments, may have until 2015 to adjust to the processing and administration reforms of these payments proposed by the Cooper Review. read more

Android smartphones prepped for payments

MasterCard, First Data and Citibank are the leviathans of the banking world that will make the much-anticipated Google Wallet work as a payments product. Google introduced the mobile payment technol.. read more

Pepper buys tired loan book from GE

Pepper Homeloans has emerged as the buyer of the A$5.1 billion residual home loan book of GE Capital, which the vendor said it sold at "only a very small discount" to book value. read more

Industry funds propping up RMBS

A feature of the Pepper Homeloans purchase of GE Capital's back book is the identity of, and the number of, investors in the subordinated and equity tranches of the funding. read more

SME credit demand warms up

One monitor of demand for finance among smaller businesses is showing a rise in demand, particularly among micro businesses. read more

UBank: a loss leader on home loans

National Australia Bank has clarified the revised pricing on the home loan product offered through its UBank brand. The variable rate is now 6.79 per cent. read more

mecu buys more of MyState

Melbourne credit union mecu has continued to accumulate shares in MyState Limited and this week reached the five per cent mark, resulting in a disclosure by the buyer to the ASX. read more