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).
- 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
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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 »
