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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Consumers wiping more debt off their credit cards
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14 May 2013 7:02amThe latest Reserve Bank credit card figures show that persistently high credit card interest rates are encouraging consumers to reduce their revolving balances.
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Housing finance surges
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14 May 2013 7:00amThe housing finance market surged in March, with a strong pick-up in both the number and value of loans. » read more »
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PEXA to go live next month
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14 May 2013 6:59amNational Electronic Conveyancing Development Ltd has confirmed that its electronic property exchange, PEXA, will go live with the first part of its service next month. » read more »
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PPSR is a business opportunity for brokers
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14 May 2013 6:58amFinance brokers can add significant value for their business clients by developing a good working knowledge of the Personal Property Securities Register. » read more »
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Advertisement: Cards & Payments Australasia 2013
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14 May 2013 6:58am
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ASIC tells lenders to use their discretion with hardship applications
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14 May 2013 6:57amASIC has told lenders it expects them to be flexible with borrowers applying for hardship relief. » read more »
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Real-time project tests resources
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14 May 2013 6:56amBanks using the proposed real-time payments system will have to provide extensive support for the system to achieve the 100 per cent uptime experienced by the Faster Payments system in the UK.
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Briefs: BOQ launches ABS, gift for CBA staff
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14 May 2013 6:55amBank of Queensland seeks A$500 million through an issue of asset-backed securities; Commonwealth Bank is rewarding staff in recognition of its high customer satisfaction rating.
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Appointments: Corfield takes over at Aussie
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14 May 2013 6:52am
- CLS Bank prevails over NAB in patent appeal
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13 May 2013 6:37amNational Australia Bank has lost its most recent court battle in a long-running effort by the bank to earn a return on a speculative 18-year-old investment in a technology company. » read more »
- More share margin benefit
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13 May 2013 6:35amFurther reductions in bank funding costs are becoming apparent, mainly in the wholesale market, with the benefits flowing through to bank borrowers and bank owners. » read more »
