AWA breaks Alcoa bonds

One more small credit union merger is moving through the system. AWA Credit Union will take over Geelong and District Credit Cooperative, the fourth smallest of the sector. read more

Credit fees suspended from CPI

Australia's chief inflation measure will exclude bank fees hidden in interest charges for several years, from September 2011, the Australian Bureau of Statistics said yesterday. read more

CALC likes higher up-front home loan fees

Higher up-front fees on home loans are preferable to other pricing approaches, which may confuse customers, the Consumer Action Law Centre wrote in its submission to the Senate banking inquiry. read more

Retail funds cost increased 140 bps at CBA

Commonwealth Bank's submission to the Senate banking inquiry centres on funding themes and asks readers to think about "a structural shift in the way the banking sector is now funding itself." read more

A Bella year for ABS

Capital Finance will refinance a pool of A$368 million in car and truck loans via the sale of bonds by Bella Trust Series 2010-2. It is the second such transaction from Capital Finance this year. read more

Choice white-labels MoZo data

Do many bankers or bureaucrats remember the fate of the Consumer Financial Information Service, a service funded by the Federal Government and offered by the Australian Consumers Association with da.. read more

Long-term funding a pricing pain

The Australian Bankers Association turned to industry data, rather than ABS data, in making its case on margins in its submission to the Senate banking inquiry. read more

Banks favour federal mortgage insurance

Public mortgage insurance, covered bonds, better credit reporting, more work on electronic conveyancing, less regulation and easier entry to the industry all feature on the wish-list included by the.. read more

Banking policy package on the blocks

Momentum may be reaching a peak over the federal government's activist policy package on banking, with talk of an announcement by the Treasurer, Wayne Swan, this Sunday. read more