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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Macquarie hybrid hits price target
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21 May 2013 6:49amMacquarie Group is to sell A$600 million in capital notes, the bank said yesterday. This is sufficient to retire the convertible preference shares that the new hybrids will replace. » read more »
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Bendigo and Adelaide in dispute with community branch
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21 May 2013 6:49amBendigo and Adelaide Bank's community bank franchise is under strain, as the bank tries to take a bigger share of income, according to a report in The Australian.
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State Custodians cuts its variable rates again
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21 May 2013 6:36amMortgage manager State Custodians cut its standard variable rate mortgage rates by 25 basis points yesterday – the second time this month it has done so. » read more »
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Advertisement: Finsia Financial Services Conference 2013
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18 September 2013 at the Four Seasons Hotel, Sydney. Hear insights, ideas, discussion and debate from industry leaders. » read more »
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Stricter advertising rules needed for debt agreement administrators
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21 May 2013 6:35amThe Consumer Action Law Centre has called on the insolvency regulator to impose stricter guidelines on advertising by debt agreement administrators, which, it says, is misleading. » read more »
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Briefs: China UnionPay joins EMVCo, GE Capital to sell insurance arm
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21 May 2013 6:32amChina UnionPay has joined EMVCo, the body which manages the EMV chip card payment system; GE Capital is said to be looking for a buyer for its consumer credit insurance business.
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Let your customers do the work and give them a home loan approval in just minutes with Sandstone. » read more »
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Appointments: Thorn Group CEO extends contract
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21 May 2013 6:25amStore finance company Thorn Group has extended CEO John Hughes' contract by two years. » read more »
- Non-core sale plans develop at Suncorp
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20 May 2013 7:18amSuncorp is examining ways to sell off its non-core bank, the Financial Review reported. » read more »
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Keybridge will leave PR Finance team in place
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20 May 2013 7:17amKeybridge Capital, an activist debt investor is to press on with its bid to take control of sub-prime lender PR Finance Group. » read more »
- Endowment bond provider offers long-term deposit opportunity
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20 May 2013 7:16amA new provider of retirement income products is using zero-coupon bonds sourced from banks and semi-government issuers to provide investors with long-term income streams. » read more »
