CBA faces hearing on rates claim this year 05 February 2018 6:08PM Commonwealth Bank will have three months to file a defence to ASIC allegations of misconduct in the bank bill swap market, a federal court judge ruled on Friday. read more
Foreign news: Quicken takes top spot as Wells Fargo is frozen, Chinese 'cats and rats' in firing lin 05 February 2018 6:04PM US non-bank lender Quicken has taken over from Wells Fargo as the top retail mortgage lender in the us - just as Wells Fargo is slapped with an asset freeze by the Fed for "years of wrongdoing". read more
Briefs: Asset backed securities perform, Westpac plans car loan IPO 02 February 2018 4:53PM Delinquencies among the Australian auto loan asset-backed securities rated by Moody's Investors Service fell during November 2017 while prime residential mortgage-backed securities rose. read more
Foreign news: eBay cuts PayPal after 15 years, PayPal links up with BoA Merrill 02 February 2018 4:49PM Online auction site eBay is terminating its 15-year relationship with PayPal, preferring Amsterdam-based Adyen as its primary payments provider. read more
Briefs: Encompass becomes Endeavour, Macquarie adopts open banking 01 February 2018 5:54PM Select Encompass Credit Union will, from today, join the ranks of ADIs taking up mutual bank branding. read more
Briefs: Newcastle prices bond deal, Payments NZ pilots open banking API 31 January 2018 5:44PM Newcastle Permanent Building Society yesterday priced its first bond deal for the year. read more
Foreign news: Blackstone snaps up Thomson Reuters stake, RBS banks down over GRG, milestone for Visa 31 January 2018 5:39PM Thomson Reuters is considering an offer to sell a majority stake in its Financial and Risk business, which supplies news, data and analytics to banks and investment houses. read more
Briefs: New appointment for WAM Global ahead of IPO 30 January 2018 5:42PM As it prepares to launch an IPO for its WAM Global fund, Wilson Asset Management has appointed Catriona Burns lead portfolio manager for the new listed investment company. read more
Foreign news: Turbulent times for US mortgage workers, ING snaps up Payvision, three banks may be fi 30 January 2018 5:34PM Jobs in the US mortgage sector are under threat as refinancing rates plummet. read more
Royal Commission underway for major banks 29 January 2018 5:12PM The major banks are expected to start filing their submissions with the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry from today. read more