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No other lenders of which this newsletter is aware sought any publicity for decisions on home loan interest rates yesterday, in the wake of the 25 basis point rise in the cash rate steered through by.. read more

Consumer credit insurance is one of the higher margin, cross-sell products that banks seek to sell to customers. read more

Banks take turns in raising or lifting margins, as cartel interests dictate. Westpac took its turn as price leader yesterday in the home loan market, announcing an increase in its standard variable ra.. read more

The matrix of deposit gathering tactics employed by National Australia Bank over the last year or so appears to be producing short-term results. read more

National Australia Bank will promote seasonal finance to farmers through select outlets of rural services firm Ruralco. The latter announced the plan yesterday. read more

The current level of home loan approvals in Australia "are at levels which indicate a degree of home-buyer activity that has typically been associated with rising house prices", Ric Battellino, the de.. read more

Agribusiness, consumer, property and smaller financiers were the most problematic categories of borrower for ANZ in the half year to September 2009, the bank's latest "pillar 3" report shows. read more

Some sort of resolution of the problems at Bank of Western Australia may be under way, even though impaired loans continued to rise at a pretty fast pace in the September 2009 quarter. read more

The legacy of a development finance business that the bank regards as non-core continues to mess with bad debt metrics at Suncorp Metway. read more

Virgin Money (Australia) is being sustained by its UK owner pending its re-emergence as a credit card issuer in conjunction with Citibank early next year. read more