Canadian bank DirectCash Payments is poised for its biggest acquisition yet in the Australian ATM sector. read more
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Consumers turn away from rewards cards, as the value of rewards deteriorates
As the value of credit card rewards deteriorate, consumers are looking for cards with no annual... read more
One in ten dwelling re-sales incur a loss
The proportion of dwellings selling at prices that are lower than their previous purchase price... read more
Fixed or variable? It’s an even-money bet
Fixing a home loan is a 50-50 bet, according to researcher Canstar. read more
Briefs: NAB compensates for poor advice, Mortgage broker commissions exceed $1 billion, Suncorp's AAI Ltd prices subordinated notes.
Mortgage brokers earned A$1.1 billion in commissions in the year to June, according to Digital... read more
Foreign news: UK marketplace lender Zopa debuts in the securitisation market, Wells Fargo CEO forfeits pay
Marketplace lender Zopa has completed the first securitisation of consumer loans by a UK... read more
ME to revive the shared equity mortgage
Industry superannuation fund-owned bank ME is working with one of its super fund partners to... read more
ANZ upsizes, then closes books on Capital Notes 4 offer
ANZ has completed and upsized its $1 billion-plus Capital Notes 4 Additional Tier 1 Capital... read more
Judge questions Westpac's handling of employee class action
A New South Wales Supreme Court judge has raised questions about Westpac's delay in dealing with... read more
FOS calls for Code of Banking Practice re-write
The Financial Ombudsman Service has called for the Code of Banking Practice to be re-written to... read more
NAB restructures broker distribution
National Australia Bank has restructured its third party mortgage distribution business, NAB... read more