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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Business lending has stalled, again
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01 May 2013 7:14amBusiness lending was flat in March, month on month, after falling 0.2 per cent in February, and growth in business lending over the 12 months to March 2013 was just 1.6 per cent.
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- Banque Populaire quits BOQ holding
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01 May 2013 7:14amBanque Populaire Group sold its stake in Bank of Queensland for A$268 million, the Wall Street Journal reported. » read more »
- Cheques: the end is nigh
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01 May 2013 7:13amCheques could be a thing of the past by the end of this decade, the Australian Payments Clearing Association says in a report on the development of the digital economy. » read more »
- Briefs: Hanover Finance escapes SFO charges, NZBA criticises macro-prudential proposal
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01 May 2013 7:12amHanover Finance escapes Serious Fraud Office charges; New Zealand Bankers Association criticises Reserve Bank's macro-prudential proposal. » read more »
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Qilu files overdue accounts
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30 April 2013 7:01amQilu Bank, a regional lender in Shandong in China, in which the Commonwealth Bank owns a 20 per cent stake, has returned to the black after writing off 2.3 billion renminbi (A$354 million) in losses from an earlier lending fraud. » read more »
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Queensland is Australia's bankruptcy capital
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30 April 2013 7:00amQueensland is Australia's bankruptcy capital. It was the only state or territory to record an increase in bankruptcy numbers in the 2011/12 financial year, and its ratio of bankrupts is much higher than anywhere else in the country.
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Industry bond not sticky enough for Tartan CU
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30 April 2013 6:59amTartan Credit Union, one of the few remaining mutuals with a bond to industry, has proposed a merger with Select Credit Union in Sydney. » read more »
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CEFC may write financing contracts before July
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30 April 2013 6:59amThe newly created Clean Energy Finance Corporation is likely to enter contracts for financing deals even before July 1, when the first of its A$10 billion in funding becomes available. » read more »
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APCA joins global payments body
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30 April 2013 6:57amThe payments industry's peak body, the Australian Payments Clearing Association, has become an affiliate member of the PCI Security Standards Council, a global payments body backed by the big card scheme operators. » read more »
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Briefs: Grimshaw sells BOQ shares, IMB issues RMBS, PPSR motors on
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30 April 2013 6:56amGrimshaw sells BOQ shares; IMB issues RMBS; PPSR sees 100,000 registrations in three months.
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Appointments: New marketing head at Mortgage Choice
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30 April 2013 6:55am
