Private debt funds are flavour of the month 09 May 2024 12:47AM Latest news John Kavanagh AMP is committing $300 million in seed funding to its Alternative Debt Fund. read more
Lenders caught up in foreign investment rule changes 20 October 2020 5:54AM Latest news John Kavanagh As more details of the government’s proposed changes to foreign investment rules become available, it has emerged that lenders will be affected by the reforms. read more
NAB, ANZ boards forced to explain thermal coal mining advances 06 October 2020 5:34AM Latest news George Lekakis Climate activist group Market Forces is stepping up campaigns against NAB and ANZ over the two lenders’ continuing support for domestic and overseas fossil-fuel projects. read more
IFM FUM models super decline 17 July 2018 2:31PM Institutional investors Banking Day staff If the companies it researched reported like IFM Investors, the dinky di global fund manager of the same name would go nowhere holding a scrap of its debt or equity. read more
Councils win further compo over debt obligation products 28 April 2017 4:15PM Debt capital markets Bernard Kellerman Another legal battle over damage inflicted on conservative investors who were unwittingly lured into high risk investments is nearing an end in the Federal Court. read more
QTC readying for first green bond issue 17 February 2017 6:04PM Debt capital markets Bernard Kellerman Queensland Treasury Corporation is planning to issue certified and independently verified green bonds to domestic and international investors. read more
Fundies test tech-based SME loan strategy 09 February 2017 5:01PM Major Banks Bernard Kellerman A business model for yet another fintech style operation, aimed at stealing a few more pieces of the banking sector's lunch, is being developed by an ex-Goldman Sachs banker. read more
'Different funding costs' work against CBA 29 August 2016 4:31PM CBA Ian Rogers "The Japanese, Chinese, Korean banks - they're being paid to lend," says Kelly Bayer Rosmarin, head of institutional banking at Commonwealth Bank, in The Australian. read more
Fintech investors redirect funding in 2016: KPMG 23 August 2016 4:18PM Major Banks Bernard Kellerman According to a new report from KPMG, overall global investment in fintech companies across both venture-backed and non-venture-backed companies totalled US$9.4 billion in 2Q 2016, buoyed by Ant Financ.. read more
Margin loan account numbers tumble 22 August 2016 4:17PM Debt capital markets John Kavanagh One segment of the debt market that has not received a boost from low rates is margin lending. The number of margin loan accounts fell by 2.8 per cent in the June 2016 quarter and is down almost fiv.. read more
Credit spreads widen as rates fall 08 August 2016 3:56PM Finance regulation Philip Bayley One problem with cutting official interest rates is that it can lead to increased credit spreads. Investors may form the view that economic conditions are weakening and therefore risk margins need to.. read more
Australian Unity returns to the mortgage fund market with a new model 04 August 2016 4:06PM Debt capital markets John Kavanagh Australian Unity Investments is reviving its mortgage investments business, switching from its traditional pooled fund approach to a "contributory" model. read more
Housing bonds schemers rally 01 August 2016 4:22PM Institutional finance Ian Rogers A specialist funder of some form dedicated to directing increased investment toward social housing may be gathering supporters. read more
Briefs: BT appoints Australian CEO, ANZ appoints Laos CEO 28 July 2016 4:18PM Briefs Banking Day staff BT Investment Management has appointed Michael Bargholz as chief executive Australia. read more
Clean Energy Finance Corp accelerates private sector investments 27 July 2016 4:23PM Finance regulation Ian Rogers The Clean Energy Finance Corporation may have generated more social impact from its investment program over the last year against the background of a government owner demanding a lift in returns from.. read more
Foreign news: FBI charges HSBC executives over forex fraud 22 July 2016 4:22PM Foreign news Banking Day staff The FBI arrested a senior HSBC banker as he attempted to board a plane in New York on Tuesday night, The Guardian reports. read more
Labour market weakness and low wage growth may spell trouble for banks 15 July 2016 3:54PM Ratings agencies Ian Rogers The vulnerability of a casualised workforce is one risk highlighted in an analysis of banks' sensitivities to shocks and pressure on credit profiles circulated by Moody's Investors Service yester.. read more
Lukewarm response to bank hybrids 11 July 2016 4:09PM Equity capital markets Philip Bayley National Australia Bank's Capital Notes 2 (NABPD) commenced trading on the Australian Securities Exchange on Friday, a week after Westpac's Capital Notes 4 began deferred settlement trading on the ASX.. read more
Banks back DirectMoney 04 July 2016 3:49PM P2P & marketplace lending Ian Rogers Marketplace lender DirectMoney is soaking up equity and debt capital to accelerate growth, with at least three banks now providing wholesale funding. read more
Foreign news: RBS and Lloyds sales on hold, global banks demand certainty om Brexit plans, BIS appoi 29 June 2016 4:28PM Foreign news Banking Day staff The British government has cancelled its plans to sell its holdings in Royal Bank of Scotland and Lloyds Banking Group this year in the wake of Brexit, Reuters reports. read more