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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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 »
- ANZ results at a glance
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01 May 2013 7:18amANZ made a net profit of A$2.95 billion for the six months to March 2013 – up just one per cent on the previous corresponding period, but up seven per cent on the previous half. » read more »
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ANZ targets market share growth in Australia
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01 May 2013 7:16amANZ achieved growth above system in mortgage lending, household deposits and business lending in Australia during the six months to March 2013. And growth in market share in its traditional Australian banking business was one of the highlights of its interim results.
» read more »
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Bank gains New Zealand share
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01 May 2013 7:15amANZ New Zealand's interim results show it gained share in the fast growing Auckland mortgage market over the last six months, fending off attempts by rivals to grab customers unsettled by the merger of the ANZ and National brands in October. » read more »
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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 »
