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).
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RMBS managed funds prove their worth
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17 April 2014 6:47amThree years after its launch, Firstmac's High Livez mortgage securities fund has A$35 million under management. That is not big, but Firstmac's chief financial officer James Austin believes that, through the fund's steady inflows and solid returns, the concept of a retail fund investing in residential mortgage-backed securities is demonstrating its worth. » read more »
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Age discrimination lending claim fails
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17 April 2014 6:44amA claim by a 66-year old that he was discriminated against because of his age when requesting a loan from National Australia Bank has failed in the Victorian Civil and Administrative Tribunal. » read more »
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Advertisement: Latest Careers in Banking
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17 April 2014 6:43ameFinancialCareers is Australia’s only specialist job board for banking and finance professionals. » read more »
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The RBA can't say why we are saving more
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17 April 2014 6:43amThe cause of one of the most important changes in Australian household financial behaviour in recent times – the rise in savings levels – is not clear, according to Reserve Bank research. » read more »
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SMEs positive about the outlook but not keen to borrow
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17 April 2014 6:42amA third of businesses plan to increase their capital expenditure over the next six months, a Commonwealth Bank survey has revealed. » read more »
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Advertisement: Payments Industry Training and Workshops
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Join experts from the payments industry and benefit from in-depth training seminars and workshops on a range of topics in Melbourne, Sydney or Brisbane. » read more »
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Briefs: BOQ raises institutional money, Money3 issues bonds, Clydesdale Bank not part of Paym
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17 April 2014 6:41amBank of Queensland, which announced last week that it would acquire assets from Investec Bank (Australia), has raised A$183 million through an entitlement offer.
» read more »
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Mutuals get hybrid option
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16 April 2014 6:43amMutual banks and credit unions will have more options to raise hybrid capital, under amendments to the regulations on "mutual equity interests" released yesterday. » read more »
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mPOS market takes off
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16 April 2014 6:41amBendigo Bank is the third group to enter the mobile point of sale market in as many months. A sector that has, until now, struggled to get off the ground in Australia is suddenly very active. » read more »
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Bank price signalling law under review
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16 April 2014 6:38amA review of the price signalling provisions of the Competition and Consumer Act, including which sectors they apply to, is one of the options raised in the first issues paper released by the Competition Policy Review. » read more »
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Banking and media 'must change': Smith
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16 April 2014 6:37am"If there are two industries in the world that need to change, it's the media and banking," Mike Smith, chief executive of ANZ, said last night. » read more »
