COMMENT: Bank's win over franchisees may warn off others 15 April 2015 4:45PM The Traderight case has been the latest - and quite possibly the last - in a long line of actions brought against Bank of Queensland by disappointed former franchise owners in the wake of a largely un.. read more
BOQ did not mislead or deceive former owner managers 15 April 2015 4:42PM The Court of Appeal of the New South Wales Supreme Court yesterday dismissed an appeal by a group of former Bank of Queensland branch franchisees, who had alleged they had been misled by the bank into.. read more
Pepper Residential Securities Trust No.12 10 April 2015 3:42PM Non-bank mortgage outfit Pepper Homeloans has launched an Australian non-conforming RMBS transaction, secured by a portfolio of Pepper's residential mortgage loans. read more
ANZ wins 'fees or penalties' class action 09 April 2015 4:06PM Yesterday the Full Court of the Federal Court reversed last year's ruling by Federal Court judge Michelle Gordon that late payment charges on ANZ's credit cards were penalties, rather than fees, and t.. read more
Comment: Late payment fee fairness gets wider audience 09 April 2015 4:05PM The implications of yesterday's ruling by the Full Court of the Federal Court as to what is reasonable when it comes to imposing late payment charges are likely to be widely applied. read more
Social media leads to multi-million dollar loans 09 April 2015 4:01PM Non-bank commercial property finance group Chifley Securities has tapped social media and the deep pockets of its half-dozen high-wealth backers to expand its balance sheet from about A$480 million to.. read more
CBA cloud computing kickback case taken over by DPP 02 April 2015 4:58PM The bribery allegations against two former Commonwealth Bank technology leaders will be left untested for at least another month, after a NSW court was told the case would now be taken on by the Commo.. read more
Syndicated loan volumes fall away in 1Q 2015 02 April 2015 4:57PM Syndicated loan volume for the Asia Pacific region (excluding Japan) exceeded US$67 billion for the first quarter of this calendar year, according to Thomson Reuters. Nevertheless, this represents a 4.. read more
Securitisation makes large and local resurgence in 2014 27 March 2015 4:40PM In their firm's Australian Mortgage Report for 2015, Deloitte financial services partners Graham Mott and Heather Baister examined funding options for local mortgage originators. read more
ANZ rumoured as potential RBS Asia-Pac buyer 27 March 2015 4:39PM Rumours have been rife in the past two days that Australia & New Zealand Banking Group is once again looking at acquiring assets from Royal Bank of Scotland as the UK lender cuts back its operatio.. read more