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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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 »
- Briefs: Infratil bond issue delayed, BSP picks CEO, and AMMB selling life stake
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29 April 2013 7:03amInfratil bond issue delayed because of political risks; Bank of Sout Pacific picks new CEO; and AMMB seeks offers for life insurance business.
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CEFC return target only three per cent
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26 April 2013 7:16amInvestors and lenders in renewable energy projects may find themselves working alongside, or in competition with, a public sector financier which has a very modest mandate. » read more »
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ANZ's Bangalore hub not for sale
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26 April 2013 7:15amANZ is committed to ownership of its global hubs and IT has "not had any discussions about our Bangalore hub with Wipro Ltd about a possible sale", says the bank.
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