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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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.
» read more »
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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 »
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Briefs: ASX bond trading launch date announced, Credit Suisse chases Aussie ultra wealthy, Sainsbury buys out Lloyds
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09 May 2013 6:53amASX announces bond trading launch date, Credit Suisse private bank is targeting Australian with A$50 million or more to invest; and the UK retailer Sainsbury will go it alone in the banking market
» read more »
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Appointments: New NAB company secretary
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09 May 2013 6:33am
- Lenders back in synch
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08 May 2013 6:46amLenders were back in synch with the Reserve Bank of Australia yesterday. Following the RBA's decision to cut the cash rate by 25 basis points, all banks announcing reductions in their standard variable mortgage rates cut them by 25 basis points. » read more »
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Re-classification hits Macquarie's lending and deposit numbers
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08 May 2013 6:46amMacquarie Bank appears to have suffered huge outflows from its mortgage and household deposit books, based on figures published by APRA last week. » read more »
