CBA takes RMBS funding route for $1.6bn 21 September 2018 4:53PM Commonwealth Bank of Australia has launched a A$1.6 billion residential mortgage backed securitisation transaction, CBA's first public RMBS issue for 2018. Such is the demand, with the top-rated A1 no.. read more
APRA slowdown delivers Heritage a record FY18 profit 20 September 2018 4:55PM Heritage Bank has delivered a record after-tax net profit of A$45.04 million for 2017/18 - a 13.7 per cent increase on the previous year's result. read more
Heritage used NPP to push its digital agenda 20 September 2018 4:54PM Heritage Bank, the largest mutual bank in the country, has been scrambling to join its peers and provide access for its customers to the New Payments Platform. read more
Allianz panned over lack of compliance process 19 September 2018 4:49PM Everyday chores such as website maintenance and staff training have moved to the main game for the royal commission into financial services' misconduct as insurance major Allianz admitted to multiple.. read more
ASIC's peer review panel bans two Macquarie advisers 19 September 2018 4:48PM One of the first cases to be decided with the assistance of ASIC's new Financial Services and Credit Panel has resulted in 10 year bans for two former Macquarie Equities wealth management advisers. read more
TAL admits to lying, bullying a mentally ill client 14 September 2018 5:35PM In one of the Royal Commission's most harrowing case studies, reminiscent of a Hollywood film script about a relentless stalker, TAL admitted to pursuing an unwarranted agenda against one of its polic.. read more
CommInsure put profits ahead of heart attack payouts 13 September 2018 6:09PM The Hayne royal commission continues to force banks and, in recent days, insurance companies to score own goals - and to do so in the most public of forums, as CBA's insurance arm CommInsure discovere.. read more
Fewer credit cards, used more often 13 September 2018 5:37PM Australian consumers have been actively using their cards - both debit and credit - with July 2018 racking up more spending than June 2018 and July 2017. Nevertheless the trend towards use of debit ca.. read more
RedZed hits the mark with its first 2018 RMBS deal 13 September 2018 5:36PM Specialist finance source for the self-employed, RedZed Lending Solutions Pty Limited, successfully priced a A$375 million residential mortgage-backed securitisation yesterday. read more
Life insurance execs grilled over high pressure sales 12 September 2018 5:00PM The first two days of this week - days 51 and 52 at the royal commission into misconduct in the banking and financial services industry - have been notable for the absence of life insurance sector wit.. read more