Thinktank aims high 26 April 2024 4:57AM Non-bank lender Thinktank is working on a funding deal with a global bank that will allow it to more than double the maximum size of its residential property mortgages. read more
EML shares some good news 26 April 2024 4:53AM EML Payments reported its first good news to investors in almost three years on Wednesday, when it announced that the UK Financial Conduct Authority had removed a ban on its subsidiary Prepaid Financi.. read more
Briefs: Heartland satisfies Challenger-conditions, new OFX director, FSA and Westpac renew funding a 26 April 2024 4:47AM Heartland Group has completed a NZ$210 million equity raising. read more
Whole loan sales a growing funding source 24 April 2024 6:40AM Investors are increasingly attracted by the scalability and illiquidity premiums on offer within the flourishing segment that is 'whole loan sales'. read more
Westpac adopts open banking for mortgage applications 22 April 2024 3:42AM Westpac has partnered with mortgage processing technology company NextGen to use open banking for home loan applications across all its brands. read more
Deposit mix key to banks managing rate cuts 16 April 2024 4:59AM Deposits are 'key differentiators of profitability' and banks’ ability to manage their deposit mix will be important to their earnings when rates start to fall. read more
Briefs: Beforepay CFO resigns BOQ completes NZ asset sale 04 April 2024 3:46AM Beforepay chief financial officer Michael Bencsik has resigned to take up a CFO role at another financial institution. read more
Bank exposure to business failures limited 25 March 2024 4:33AM Business failures are increasing but the bulk of business entering insolvency are small and have little debt. read more
Household cash flow shortfall rate remains steady 25 March 2024 4:31AM Around one in 20 households with variable rate home loans are suffering cash flow shortfalls as a result of higher interest rates and prices, the Reserve Bank says. But this is no worse than it was la.. read more
Briefs: CBA strategy head promoted, BNK buys its own loans, Pioneer’s buying spree continues 25 March 2024 4:25AM Commonwealth Bank group head of strategy Stuart Munro is getting a promotion. read more