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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Fixed-rate home loans at record levels
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03 May 2013 6:50amMortgage brokers are writing record levels of fixed-rate loans, as borrowers take advantage of low fixed rates to cover the risk of interest rate increases over the next couple of years.
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Briefs: Rubik sells Shelf Companies, iCash cancels acquisition plans
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03 May 2013 6:49am
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Appointments: Rubin takes board seat at National Wealth Management, FSU's Carter for Services Leaders Group, Pepper gets new sales manager, and new COO for Citi
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03 May 2013 6:48amAppointments: Rubin takes a board seat at National Wealth Management; Finance Sector Union's Leon Carter appointed deputy chair of government's Services Leaders Group; Pepper Homeloans gets a national sales manager; and Citigroup creates a new COO role.
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Bendigo and Adelaide buys another small mortgage book
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02 May 2013 6:46amBendigo and Adelaide Bank will provide a safe exit for debenture investors in another Victorian debenture company. The bank said yesterday that it had "agreed to buy the loan book" of HD&C Securities for a nil premium. » read more »
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Beirut Hellenic's customers have a few anxious moments
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02 May 2013 6:43amThe Cypriot heritage of Beirut Hellenic Bank had some impact on the bank's retail deposits in March, when the crisis in the troubled Mediterranean economy was at its peak. » read more »
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IMB makes a successful return to the RMBS market
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02 May 2013 6:41amStrong conditions in the residential mortgage-backed securities market this year are encouraging some old and new faces to join the usual suspects. In March, mortgage aggregator AFG did its first deal, and this week IMB Ltd launched its first transaction since 2010. » read more »
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RMBS growth sustainable says S&P
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02 May 2013 6:40amStandard & Poor's has issued a bullish report on the Australian residential mortgage-backed securities market, suggesting that it is on track to have its highest level of issuance since 2008. » read more »
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Genworth loss ratio lifts
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02 May 2013 6:38amLosses on home loans chipped away at the earnings of mortgage insurer Genworth Financial in the March 2013 quarter. » read more »
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Gateway signs with Connective
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02 May 2013 6:37amGateway Credit Union has expanded its third-party distribution network, after forming a partnership with the aggregator Connective. » read more »
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Briefs: UBS profit up, CBA expands cricket sponsorship
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02 May 2013 6:36amUBS reports a big profit increase in Australia; Commonwealth Bank is ready to commit A$50 million to cricket sponsorship.
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Investment pays dividends for ANZ
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01 May 2013 7:18amANZ is reaping the benefits of its many long-running investments in business improvement in Australia, New Zealand and Asia, with the bank justifying a rise in its dividend payout ratio on the promise of continued savings. » read more »
