Wider mortgage margins inevitable: Westpac

Westpac might be preparing its customers for a further widening in margins on home loans. Rob Coombe, group executive, retail and business banking, at a speech in Sydney yesterday, said that the price.. read more

SWIFT meeting price targets

One corner of the banking industry making strides to cut costs is SWIFT, the international banking cooperative that provides messaging services for many bank transfers. read more

Rock looks for mutual mergers

The Rock Building Society is looking to mutual financial institutions as future merger partners, and appears to be looking for an alternative to acceding to any future offer from a buyer such as Ban.. read more

Relaunch for David Jones co-brand

The co-branded credit card of David Jones will receive a "relaunch" next month, management of the retail chain said at an investor presentation yesterday. read more

Armidale folds away

One of the smallest of Australia's approved deposit-taking institutions pulled stumps yesterday. Armidale Building Society agreed to merge with Greater Building Society, adding a couple of branches.. read more

IMF and Blackburn still seeking claimants

Four months after litigation funder IMF (Australia), its associate Financial Redress and Melbourne Labor law firm Maurice Blackburn whipped up a media frenzy over a planned class action against bank.. read more

Mirvac selling bonds

Mirvac, a lesser property developer, yesterday joined an unusual short list, taking fourth place in an interesting queue of vendors of own-name term loans in the capital market over the last week or.. read more