Covered bond cap set at eight per cent of assets 24 March 2011 5:33PM The Australian Government will set the cap on the percentage of assets that can be used to support covered bonds at eight per cent, the Financial Review reports - up from the cap of five per cent su.. read more
DJ's co-brand working for Amex 24 March 2011 5:29PM David Jones yesterday reported a rise of 10 per cent in commission revenue and a 7.5 per cent rise in EBIT profit from its credit card alliance with American Express. read more
Kinghorns stick with RHG rump 23 March 2011 5:31PM Founder of the former Rams Home Loans, John Kinghorn, and his son Geoffrey will maintain most of their stake in the remnant of the company once the firm returns the bulk of its net assets to shareho.. read more
ME too on rates 23 March 2011 5:26PM The pressures on lenders to develop lower priced offers in the home loan market is evident in the latest offering from ME Bank, which is marketing a refreshed home loan product with a headline inter.. read more
CBA drops exit fees 23 March 2011 5:23PM Commonwealth Bank will drop its exit fees on new home loans from April 4 - about three months before the regulatory removal of these fees across the market. read more
BankWest makeover aims to lift internet sales 22 March 2011 5:09PM Home loan calculator - rather than home loan - is the number one search term used for retail banking, and central to the thinking behind a makeover of BankWest's website. read more
New targets stretch ANZ at home and abroad 21 March 2011 5:46PM The strategy update for ANZ held on Friday didn't cover a lot of new ground about the bank's endeavours in international markets, nor did it divulge any data on an aspect of the business that remain.. read more
Impaired assets fall, but past due loans prove stubborn 21 March 2011 5:37PM The beginnings of an improvement in credit quality across the banking sector is evident in the comprehensive data on impaired assets - compiled by APRA but published by the RBA - released yesterday. read more
Ample margins for ATM owners 18 March 2011 5:50PM The unit costs of running fleets of automatic teller machines receive an airing in the quarterly RBA Bulletin, courtesy of work commissioned by the payments regulator from consulting firm Edgar, Dun.. read more
Boomers weighed down with debt 18 March 2011 5:48PM Higher income and often older (in fact, quite old) households are responsible for much of the net increase in housing finance over the last five to 10 years, analysis by the Reserve Bank of Australi.. read more