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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).

Subscription content please login to view - Teachers Mutual Bank offers flexible offset Teachers Mutual Bank offers flexible offset
16 April 2014 6:36am
Teachers Mutual Bank has introduced a mortgage offset facility that is available with all its mortgage products, including fixed-rate and interest-only loans. Offsets are a standard feature with variable rate loans but are not otherwise widely available. » read more »
Subscription content please login to view - AFG prices RMBS AFG prices RMBS
16 April 2014 6:34am
Mortgage aggregator and originator AFG has completed its latest issue of residential mortgage-backed securities, pricing at a significantly lower margin than when it last issued in September. » read more »
Subscription content please login to view - Credit card balances growing Credit card balances growing
16 April 2014 6:33am
Credit card balances have grown steadily over the past few months, indicating that the market is coming out of the doldrums. » read more »
Subscription content please login to view - Modest pick-up in business credit demand Modest pick-up in business credit demand
16 April 2014 6:31am
Business credit demand is building, according to Veda's latest Business Credit Demand Index.

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Subscription content please login to view - Briefs: GE Money vulnerable to bug, CBA system crashes Briefs: GE Money vulnerable to bug, CBA system crashes
16 April 2014 6:30am
GE Money has advised its customers to change their passwords in the wake of the Heartbleed security bug, according to a Fairfax Media report.
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Subscription content please login to view - RMBS purple patch continues RMBS purple patch continues
15 April 2014 6:55am
The residential mortgage-backed securities market continues to be a ready source of funding for non-bank lenders, with A$1.1 billion of new deals in the market this week. » read more »
Subscription content please login to view - Global banks winding back Asian investments Global banks winding back Asian investments
15 April 2014 6:54am
ANZ's new Asian head believes that global banks with regional franchises have costs that are too high and are "spending their time with what they will shut down, not where they are making new investments." » read more »
Subscription content please login to view - Gonski flags the next phase of ANZ's Asia strategy Gonski flags the next phase of ANZ's Asia strategy
15 April 2014 6:52am
ANZ's incoming chairman, David Gonski, believes the bank is ready to move to the next phase of its development in the Asian market, in which the bank can move beyond having a collection of minority relationships.

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Subscription content please login to view - Obituary: Charles Rennie Obituary: Charles Rennie
15 April 2014 6:48am
Charles Rennie, managing director of ANZ from 1973 to 1976, died last week. He was 101. » read more »
Subscription content please login to view - Amex marks time Amex marks time
15 April 2014 6:45am
Like most players in the credit and charge card market, American Express Australia marked time in 2013. The company's 2013 financial report shows a slight increase in charge card receivables, a fall in credit card receivables and a fall in consumer loans. » read more »
Subscription content please login to view - ATM transactions near 10-year lows ATM transactions near 10-year lows
15 April 2014 6:43am
ATM transactions fell heavily in February, with both the number and value of transactions down to levels last seen almost a decade ago. » read more »
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