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Latest news and insights on banking and finance in Australia and New Zealand, as delivered in the daily 7am Banking Day email news service (subscribe or take out a free trial).

Subscription content please login to view - Lending Club IPO moves a step closer Lending Club IPO moves a step closer
29 August 2014 7:07am
There is a lack of hype about "peer to peer lending" in the prospectus for the IPO of US consumer lending challenger Lending Club. In fact, that term is entirely absent from the company's own document. Rather, the lender labels its business as an "online marketplace connecting borrowers and investors." » read more »
Subscription content please login to view - Comment: Resolving GSIBs is evolving Comment: Resolving GSIBs is evolving
29 August 2014 7:05am
Discussion and activity towards the implementation of bank resolution schemes in various jurisdictions around the world has intensified in recent months.
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Subscription content please login to view - Advertisement: Process Excellence for Financial Services Advertisement: Process Excellence for Financial Services
29 August 2014 7:04am
This event will provide you with the strategies required for ensuring that your projects have a real impact on the efficiency and customer service levels of your organisation. » read more »
Subscription content please login to view - IMB arrests the slide but lacks growth options IMB arrests the slide but lacks growth options
29 August 2014 7:03am
Building society IMB Group has stopped the decline in earnings it has suffered over the past few years but has not been able to stop the decline in the value of its loan book. » read more »
Subscription content please login to view - KWM argues against rapid rule changes KWM argues against rapid rule changes
29 August 2014 7:03am
The second round of public submissions for the Financial System Inquiry closed on Tuesday, and the slow release by several industry advisers continued yesterday. One submission came from major law firm King & Wood Mallesons. » read more »
Subscription content please login to view - Advertisement: Latest Careers in Banking Advertisement: Latest Careers in Banking
29 August 2014 6:57am
eFinancialCareers is Australia’s only specialist job board for banking and finance professionals. » read more »
Subscription content please login to view - Comment: FIIG Securities warns on new Comment: FIIG Securities warns on new "bail-in" hybrids
29 August 2014 6:57am
Fixed income investment specialist FIIG Securities is warning investors that the new breed of hybrid is not traditional fixed income, and in a downturn will perform just like equities and not protect investors like fixed income should.   
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Subscription content please login to view - Pioneer Credit beats prospectus forecast Pioneer Credit beats prospectus forecast
29 August 2014 6:53am
Impaired debt buyer Pioneer Credit has released its first financial report since listing on the Australian Securities Exchange in May, highlighting a substantial increase in its investment in debt ledgers in the year to June. » read more »
Subscription content please login to view - TrustCo acquisition boosts Perpetual Corporate Trust TrustCo acquisition boosts Perpetual Corporate Trust
29 August 2014 6:52am
Perpetual's Corporate Trust division reported strong earnings growth for the year to June, on the back of higher revenue from improved securitisation markets as well as the contribution from TrustCo, which was acquired in December. » read more »
Subscription content please login to view - Briefs: Banks blamed for FoFA backpedal, ABA argues on capital adequacy Briefs: Banks blamed for FoFA backpedal, ABA argues on capital adequacy
29 August 2014 6:51am
Industry Super Australia has described yesterday's passing of legislation through the House of Representatives to wind back Future of Financial Advice consumer protection laws as "regrettable", given the plethora of financial advice scandals making headlines. » read more »
Subscription content please login to view - Comprehensive credit reporting will take years to emerge Comprehensive credit reporting will take years to emerge
28 August 2014 7:05am
Australia's leading credit reporting company, Veda, has cautioned that the development of comprehensive credit reporting capabilities will be a long-term project. Veda said it would be a couple of years before the use of credit files with comprehensive data started to become commonplace. » read more »
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