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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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
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Underwriting profit falls for QBE LMI
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29 April 2013 7:08amA doubling in the claims ratio helped slice the underwriting profit for QBE Lenders Mortgage Insurance last year. » read more »
- More soft loans on offer for farmers
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29 April 2013 7:08amGovernment-sponsored rural lenders will have access to a further A$60 million in funding from the Australian government, made available in a bid to address the politics of a supposed shortfall in private sector finance for farmers. » read more »
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Clarke leaves the job unfinished at Investec
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29 April 2013 7:05amInvestec Bank (Australia) has confirmed reports that its chief executive of four years, David Clarke, has resigned. » read more »
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Austrac wants A$30 million
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29 April 2013 7:04amThe anti-money laundering regulator Austrac will impose a levy of A$30.3 million for estimated costs in the 2013/14 financial year. » read more »
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Prospects for more bond issuance, Qantas style
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29 April 2013 7:04amQantas surprised the market when it announced to the ASX, on Monday, that it had placed A$125 million of seven-year bonds on the domestic market. » read more »
