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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Business bankers fight over the scraps
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10 May 2013 6:34amThe business banking market will come under greater margin pressure as lenders chase scarce lending opportunities with increasingly competitive offers. This was the picture painted by NAB executives yesterday. » read more »
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RBNZ's changes concern banks
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10 May 2013 6:33amNew Zealand banks have expressed concern over the Reserve Bank of New Zealand's decision to increase capital requirements for its four biggest banks for those mortgages with high loan-to-valuation ratios. » read more »
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Greater Building Society cuts by 30
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10 May 2013 6:32amGreater Building Society is cutting all its variable home loan rates by 30 basis points – the only lender to cut its rate by more than 25 bps this week. » read more »
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Mortgage brokers missing their chance to diversify
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10 May 2013 6:31amMortgage brokers are failing to capitalise on the high levels of trust and satisfaction that home buyers and property investors report after using their services. They have an opportunity to sell other products to these satisfied customers but are not doing so.
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Briefs: Goldfields Money misses target
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10 May 2013 6:29am
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RBNZ toughens capital rules
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09 May 2013 7:07amThe Reserve Bank of New Zealand has announced that banks will have to hold more capital to back mortgages with high loan-to-value ratios from September 30 this year. » read more »
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Community First holds back some margin
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09 May 2013 6:59amCommunity First Credit Union bucked the trend yesterday, when it announced that it would cut its standard variable mortgage rate by 22 basis points and not 25. The new rate is 6.12 per cent. » read more »
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Advertisement: Finsia Financial Services Conference 2013
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18 September 2013 at the Four Seasons Hotel, Sydney. Hear insights, ideas, discussion and debate from industry leaders.
» read more »
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New blood needed in the broking industry
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09 May 2013 6:59amThe MFAA says the biggest threat to the mortgage broking industry is old age. Fewer young people are now joining the industry, so it is developing several programs to address the issue. » read more »
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Car loans in demand
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09 May 2013 6:58amConsumer credit demand may be picking up, according to data compiled by consumer credit bureau Veda.
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Equity Trustees may still be in the hunt for The Trust Company
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09 May 2013 6:53amPerpetual's acquisition of The Trust Company may not proceed as smoothly as hoped. Spurned suitor Equity Trustees has issued a statement saying it is assessing Perpetual's proposal and will respond shortly. » read more »
