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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More companies offer credit terms
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23 April 2013 6:51amThe number of Australian companies offering their customers credit terms has increased sharply over the past year, as has the level of overdue payments. » read more »
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High-end customers least satisfied with their banks
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23 April 2013 6:49amThe big banks have steadily improved their retail customer satisfaction ratings over the past decade, but they have failed to convince one key segment – their high value customers. » read more »
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Heightened concern about internet security does not hold back online spending
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23 April 2013 6:48amOnline shopping is growing in popularity, but this should not be taken to mean that consumers are comfortable about the security aspects of spending money on the internet. Indeed, shoppers are more concerned than previously.
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StepUP program a pathway out of financial exclusion
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23 April 2013 6:46amResearch by the Centre for Social Impact found that three-quarters of users of StepUP loans "experienced a positive change in economic and social outcomes after receiving a loan through the not-for-profit program."
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Briefs: No mortgage insurance impact from QBE downgrade, RHG's CEO sells shares, F&P Finance not for sale, Defence Bank rated
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23 April 2013 6:43amNo mortgage insurance impact from QBE's downgrade; RHG's CEO sells third of shares; F&P Finance not for sale; Defence Bank gets credit rating. » read more »
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Appointments: Two new executives for Credit Union SA
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23 April 2013 6:41am
- Overdue reformation for Church funds
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22 April 2013 6:48amLittle scrutinised deposit-taking entities, many of them run by Churches, will be subject to more restrictions – but no more scrutiny – under proposals released on Friday by the Australian Prudential Regulation Authority. » read more »
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Cash payments fall
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22 April 2013 6:46amContactless payment technology, designed for low-value debit card payments, is making inroads into cash payments, according to new research. » read more »
- NAB finds savings in upper echelon
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22 April 2013 6:46amNational Australia Bank cut some of its senior managers and shifted roles around late last week. » read more »
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Infratil bond highlights NZ differences
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22 April 2013 6:43amThe New Zealand investor in infrastructure and utilities, Infratil Limited (which has no credit ratings), announced its latest bond issue aimed at retail investors last week. It is seeking to raise NZ$25 million but will accept over-subscriptions of up to $75 million. » read more »
- Briefs: AMMB considers big purchases, Mortgage Choice plans unfold and Westpac snares NSW tender
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22 April 2013 6:43amAMMB Holdings, a Malaysian ANZ associate, considers big purchases; Marq Services signs up Suncorp for analytics.
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