http://www.bankingday.com/index.php Banking Day en-au Copyright Banking Day 2010 hourly 1 1970-01-01T00:00+00:00 http://www.bankingday.com/RDF/manage_head1.gif http://www.bankingday.com/ Banking Day http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=14693 Median household savings have almost doubled over the past year, according to a survey. Banking Day 2013-04-24T06:46:21+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=14507 With an eye to future Basel III liquidity coverage ratio requirements, RaboDirect has launched a savings account that combines the features of an at-call account and a term deposit. Banking Day 2013-03-13T06:41:29+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=13928 Billion-dollar mortgage fund manager Banksia Securities called in the receivers yesterday, after a review by its new chief executive revealed many more problem loans than previously acknowledged. Banking Day 2012-10-26T06:48:12+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=13924 Suncorp is to consider paying special dividends and share buybacks as options for returning surplus capital to shareholders. Banking Day 2012-10-26T06:41:31+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=13902 Specialist mortgage lender Homeloans reports good sales for a range of non-conforming loans it launched 12 months ago. Banking Day 2012-10-22T06:39:57+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=13898 Business loan losses will the "swing factor" in this year's bank results season and could be the source of lower than expected earnings in the results to be announced over the next few weeks. Banking Day 2012-10-19T06:43:23+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=13894 Gateway Credit Union met its target for super-charged asset growth but missed a profit target in the year to June 2012. Banking Day 2012-10-18T06:43:41+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=13875 OzForex, a foreign exchange payments processor, plans to introduce a service that will allow international account-to-account transfers, the Financial Review reported. Banking Day 2012-10-15T07:24:43+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=13869 UBank has undercut its parent, National Australia Bank, passing on the full 25 basis point cash rate cut announced by the Reserve Bank last week. Banking Day 2012-10-12T06:42:54+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=13865 Issuers of hybrid securities will have to contend with more intense scrutiny of their advertising, marketing and disclosure by regulators, ASIC chairman Greg Medcraft warns. Banking Day 2012-10-11T06:48:33+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=13853 Mortgage customers have made it a priority to pay down their debt and they want their lenders to assist with better deals. According to research published by Ernst & Young yesterday, only a third of mortgage holders feel they are getting the best deal from their bank. Banking Day 2012-10-09T07:12:14+11:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=13840 Two lenders announced changes to their standard variable mortgage rates yesterday, taking to just four the number of lenders that have made changes in response to the Reserve Bank's move to cut the cash rate by 25 basis points on Tuesday. Banking Day 2012-10-05T06:33:19+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=13822 The average household that manages to save any of its income saves A$10,500 a year or $850 a month, research funded by ME Bank has found. Banking Day 2012-10-05T06:31:59+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=13836 Small and mid-tier financial institutions, led by ING Direct, ME Bank and Victoria Teachers Mutual Bank, once again dominated the Mozo People's Choice Awards that were announced yesterday. Banking Day 2012-10-04T06:49:23+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=13823 Victorian Teachers, one of the new breed of mutual banks, has reported well above average growth in footings over the year to June 2012. Banking Day 2012-10-02T06:33:09+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=13789 Lenders are issuing default listings without giving borrowers enough time to remedy defaults or indicate that they intended to comply with their obligations, according to the Financial Ombudsman Service. Banking Day 2012-09-25T06:48:06+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=13776 UBank has announced that its three, six and 12-month term deposit rates have been increased by between 10 and 22 basis points. Banking Day 2012-09-21T06:50:09+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=13748 Citibank is relaunching its Diners Club business in Australia with an advertising campaign that has a strong focus on travellers. Banking Day 2012-09-17T07:14:14+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=13733 ABC's current affairs program 7.30 reported yesterday that a business development manager with Macquarie Bank, in 2007, coached a financial adviser on how to falsify an application for a A$1 million home loan. Banking Day 2012-09-13T07:23:50+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=13718 The gap between introductory rates and base rates on high-yield savings accounts is widening, leaving consumers exposed to sub-optimal rates if they do not review their accounts at the end of the introductory period. Banking Day 2012-09-11T07:09:45+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=13707 The Financial Review reported rumours that Commonwealth Bank is seeking to increase its one third stake in Aussie Home Loans. CBA paid A$71 million for the stake in late 2008. Banking Day 2012-09-10T06:59:40+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=13704 UBS Wealth Management Australia is yet to pay much compensation to 764 clients to whom the firm sold financial clients with a statement of advice. Banking Day 2012-09-10T06:56:20+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=13700 Bankrupts are getting older and are more heavily indebted, according to the latest insolvency data. Banking Day 2012-09-07T06:56:09+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=13664 Lenders are failing to capitalise on the appeal of personal loans in the current credit environment, according to an industry analyst. Banking Day 2012-08-31T07:17:30+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=13583 The high level of volatility in the Australian equity market in the June quarter has prompted more investors to close their margin loan accounts, with the result that the number of client accounts in the market is at its lowest level since 2006. Banking Day 2012-08-17T07:01:46+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=13414 Citibank has enjoyed a 49 per cent increase in customer numbers for its transaction account, Citibank Plus, since last October. Banking Day 2012-07-06T07:07:20+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=13365 Banking Day 2012-06-26T06:52:25+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=13354 Mobile-to-mobile payment is the most popular payment option used by those customers of Commonwealth Bank with the bank's Kaching application on their smart phone. Banking Day 2012-06-22T06:49:52+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=13339 National Australia Bank closed its subordinated note offer yesterday, raising A$1.17 billion. Banking Day 2012-06-19T06:25:00+10:00 http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=13338 Less than half the mutuals surveyed in a recent shadow shopping exercise were compliant with the direct debit practice standard contained in the Mutual Banking Code of Practice. Banking Day 2012-06-19T06:20:36+10:00