Third leasing trust securitised by Macquarie

Macquarie managed to find a few investors for a lease securitisation, the third by the bank this year. It is the only investment bank scraping together any investors for public, asset-backed deals at.. read more

APRA to leave salaries to the market

There's not much prospect of any regulatory clamp on excessive salaries in the financial services arena, and thus little chance of action to back up the flowery rhetoric of Australia's Prime Minister,.. read more

Cuscal margins holding up

Cuscal will continue to seek out new customers among superannuation funds as the central services entity for credit unions seeks to counteract the continuing amalgamation among its core customers. read more

Clydesdale gets extra capital

National Australia Bank plans to tip £700 million into Clydesdale Bank in order to meet the increased capital requirements the Financial Services Authority is imposing across the banking sector. read more

Average LVR rising on new loans

The increased government grant to first home buyers may be drawing more such customers into the home loan market, though the overall level of demand for loans is pretty static. read more

Car finance fund agreed

Credit Suisse, as arranger, the four major banks and the Australian Treasury won't have too many precedents to draw on as to the structure, and price, of the $2 billion special purpose vehicle that wi.. read more

ANZ axes 800 middle managers

ANZ on Friday advised staff of plans to make a raft of middle managers redundant. According to numerous media reports the cuts will affect about 800 staff, with 600 or so axed in Australia and most of.. read more

Foreign banks in line, for now

The finalisation yesterday of a financial lifeline by the banking syndicate to Babcock & Brown clarifies that, for now at least, foreign banks aiming to blackmail the major Australian banks into t.. read more