ASIC bans former payday lender for ten years 31 August 2016 4:22PM ASIC has banned Peter Llewellyn, former director of a payday lender Australian Money Exchange, from engaging in credit activities for a period of ten years, after he tried to avoid the controls of the.. read more
NZ house prices keep global ratings agency on edge 24 August 2016 4:24PM Renewed house price momentum in New Zealand, accompanied by record household debt, is again raising the risks to the NZ banking system's financial stability according to a new report by S&P Global.. read more
MyState in small-time rip and replace program 23 August 2016 4:27PM The full year profit announcement from diversified financial services group, MyState, for 2015/16, confirmed that it would be introducing new internet and mobile platforms "later in the year" and "lon.. read more
Chifley Securities claims 'record year of lending' 23 August 2016 4:20PM Non-bank finance group Chifley Securities has reported greatly increased levels of lending for the 2015-2016 financial year. The 20-month old group currently has A$230 million in loans in progress, mo.. read more
Fintech investors redirect funding in 2016: KPMG 23 August 2016 4:18PM According to a new report from KPMG, overall global investment in fintech companies across both venture-backed and non-venture-backed companies totalled US$9.4 billion in 2Q 2016, buoyed by Ant Financ.. read more
Bank-owned super funds underperform industry not-for-profits 23 August 2016 4:17PM The latest SuperRatings' monthly data to end of July 2016 re-affirms a well-established trend: not-for-profit industry super funds have continued to outperform bank-owned funds in the short, med.. read more
Brisconnections hangs over Macquarie Bank 17 August 2016 4:17PM Project finance deals, put together by investment bankers to fund toll roads and tunnels in the pre-financial crisis decade, continue to unravel in the courts. read more
CBA's sustainability report tests stamina 16 August 2016 4:42PM The Commonwealth Bank of Australia yesterday published its 2016 Corporate Responsibility Report. This is intended to track the CBA Group's "progress and performance over the last financial year agains.. read more
Marketplace lenders offer credit scoring previews 16 August 2016 4:32PM Lending platform OnDeck Australia is allowing small businesses to access their Veda credit score, is a key indicator used for assessing credit or loan applications, without the usual charges. read more
Tyro finds a $7 billion banking red tape burden 16 August 2016 4:31PM A report from non-bank financial services player Tyro has claimed that red tape is robbing more than 880,000 of Australia's two million small and medium sized businesses of four weeks' productive work.. read more