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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).

Veda ready to capitalise on a changing regulatory landscape
28 August 2015 7:12am
Veda Group has more than 20 credit providers working with it on the development of comprehensive credit reporting platforms either loading comprehensive data or in discussions to do so. » read more »
Consumer choices probed in Senate cards session
28 August 2015 7:12am
Interest margins on credit cards of greater than ten per cent fell under the spotlight at a Senate inquiry yesterday, with one regulator pushing for consumers to take more responsibility for shopping around. » read more »
AFG grows well ahead of system
28 August 2015 7:11am
Mortgage aggregator Australian Finance Group has demonstrated the strength of its franchise with strong growth in settlements and the value of its loan book in the year to June. » read more »
IMB stuck in the slow lane
28 August 2015 7:11am
IMB Bank was not able to tap into the strong growth in home lending during the year to June, notching up only a small increase in loan approvals and an even smaller increase in its portfolio. » read more »
Citi still bullish on global markets
28 August 2015 7:11am
Itay Tuchman, head of markets for Citi in Australia, is still bullish on global investing despite the current turmoil in international markets. » read more »
ADVERT: 6th Annual Finance Transformation Summit 2015
28 August 2015 7:07am
6th Annual Finance Transformation Summit 2015
10 11 November, The Menzies Sydney
Download the Agenda
» read more »
Banks on edge of super
28 August 2015 7:05am
The Big Four banks have an advantage when it comes to marketing superannuation products, thanks to their huge customer base and ability to attract potential new superannuation members through the use of data analytics, according to Stephen Mackley, chief executive of superannuation management software provider Financial Synergy. » read more »
eChoice correction
28 August 2015 6:59am
Yesterday Banking Day reported that eChoice had abandoned its wholesale lending activities. That is not correct. eChoice continues to originate wholesale loans via its direct sales team and its aggregation partners. It has ceased broker-sourced wholesale origination. » read more »
Briefs: New head of AMP Bank, more investor loan rate increases, term deposit volumes rise, and more
28 August 2015 6:58am
AMP has appointed Sally Bruce as managing director of AMP Bank, replacing Michael Lawrence who is leaving the business. » read more »
Foreign news: Barclays wins on dark pools, Polish banks' Swiss franc pain
28 August 2015 6:56am
Reuters and CNBC report that a US court has dismissed litigation by pension funds and other investors against Barclays (which has its LX "dark pool") and seven US stock exchanges, including Nasdaq, the New York Stock Exchange, BATS Global Markets and Chicago Stock Exchange.
» read more »
Pepper goes for growth
27 August 2015 7:16am
With its initial public offering out of the way, lender and loan servicer Pepper Group is working on the expansion of its business in a number of areas that are taking it into direct mortgage sales, asset finance and lending operations in several overseas markets.

» read more »
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