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).
- Vulnerable households on the rise
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17 June 2013 7:17amThe proportion of households that are heavily indebted grew over the period from 2002 to 2010, increasing their vulnerability, and hence that of the broader economy, to an economic downturn. » read more »
- Technocash closes money moving business
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17 June 2013 7:16amBanks have choked funds transfer business Technocash, which said on Friday that it was "closing its money moving business." » read more »
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Deutsche in capital ratio row
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17 June 2013 7:14amA debate over the utility of conventional "Basel"-based measures of capital has flared, after a leading US banking regulator called Deutsche Bank's capital levels "horrible". » read more »
- Cards overtaking cash
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17 June 2013 7:13amCard scheme operators believe Australian consumers have passed an important milestone in the transition from the use of cash to cards. » read more »
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Structured debt volume set to ease
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17 June 2013 7:13amWhile financial market ructions have brought corporate bond issuance to a standstill in recent weeks, there has been a steady flow of structured finance deals. » read more »
- Briefs: Provident directors still under scrutiny
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17 June 2013 7:12am
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Sharp rise in households with negative equity
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14 June 2013 6:52amThe number of Australian households with mortgage debt that exceeds the value of their home has risen substantially over the past decade. » read more »
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Suncorp gets the bad debt monkey off its back
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14 June 2013 6:49amSuncorp will take another six to 12 months to complete the run-off of loans in its non-core banking portfolio, following the sale of A$1.6 billion of the portfolio to Goldman Sachs Group. » read more »
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Tension grows over RBNZ's 'speed limits'
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14 June 2013 6:46amNew Zealand Prime Minister John Key is pushing to carve out first-home buyers from the Reserve Bank of New Zealand's plans to limit growth in high loan-to-valuation ratio mortgage lending. » read more »
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Availability of credit not a concern for business
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14 June 2013 6:45amThe availability of credit is a bigger concern for business than it was a year ago but not much of a concern in the overall scheme of things. » read more »
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ASIC refines rule on small business' access to EDR
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14 June 2013 6:44amThe Australian Securities and Investments Commission has changed its rules covering small business' access to external dispute resolution services. » read more »
