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).
-
ANZ NZ faces NZ$250 million class action suit
-
19 June 2013 6:59amLawyers campaigning to build Australian-style class action lawsuits against banks in New Zealand over exception and dishonour fees have announced they will file legal action against ANZ next week over damages they claim could reach NZ$250 million. » read more »
-
Australian bank fees class action scheduled for December hearing
-
19 June 2013 6:58amA claim against ANZ, on behalf of 38,000 customers, for the repayment of "unconscionable" exception fees will be heard in the Federal Court in Melbourne in December. » read more »
-
NSW Government extends First Home Owner Grant
-
19 June 2013 6:58amThe New South Wales Government's Budget, which was handed down yesterday, includes an extension of the First Home Owners Grant. » read more »
-
Advertisement: Sell and process loans over the internet
-
Let your customers do the work and give them a home loan approval in just minutes with Sandstone. » read more »
-
St George's Business Connect project moves out of pilot phase
-
19 June 2013 6:57amSt George Bank will implement its Business Connect program in 150 branches, after completing a "very successful" pilot of the small business banking project. » read more »
-
Federal Government seeks digital credentials
-
19 June 2013 6:56amThe Australian Government is showing renewed interest in making use of "digital credentials issued by commercial providers such as financial institutions" to help improve the delivery of government services. » read more »
-
Rural finance plan floated
-
19 June 2013 6:55amA plan for a populist lending mandate for the Reserve Bank of Australia is before the Parliament. It is proposed by Lower House MP Bob Katter. » read more »
-
FlexiGroup prices its first ABS
-
19 June 2013 6:55amVendor finance specialist FlexiGroup completed the sale of its first issue of asset-backed securities yesterday, raising A$210 million through Flexi ABS Trust 2013-1.
» read more »
-
Advertisement: Digital Financial Services 2013
-
IQPC’s 5th Annual Digital Financial Services Conference is the only annual Digital Marketing and Customer Engagement event featuring innovators at top-tier financial institutions across Australia. » read more »
-
Briefs: Lehman scheme meeting faces uncertain outcome, South Australian credit unions merge
-
19 June 2013 6:52amLehman Brothers Holdings has the capacity to vote down a scheme to the put to Lehman Brothers Australia creditors today; Two South Australian credit unions vote to merge. » read more »
-
Why Westpac's mortgage pricing strategy isn't working
-
18 June 2013 7:11amWestpac's weak performance in the home loan market over the past couple of years is the result of a poorly executed strategy aimed at attracting new business in a low-growth market, while preserving the margin on its established loan portfolio. » read more »
