Deposits flex at at Westpac

Westpac's much maligned multi-branding strategy appears to be driving a surge in retail deposit growth within the group, according to the latest APRA banking data. read more

Over-borrowing fuels insolvency surge

A report from the Australian Financial Security Authority indicates that excessive use of credit is now the most common trigger of personal insolvency, overtaking unemployment and marital breakdowns. read more

La Trobe marketing $570m RMBS

Alternative lender La Trobe Financial has completed a $570 million securitisation of a range of non-conforming residential mortgages. read more

KKR sweetens Pepper offer

Pepper Group shareholders will vote in mid-November on a revised buyout offer from US private equity firm KKR, which now includes a special top-up dividend of 10 cents per share for all shareholders i.. read more

Westpac outsources social responsibility

In the last 24 months Westpac and its regional subsidiaries have closed around 70 retail branches, and it is now standard practice for news of branch closures to be 'leaked' to national media via Fina.. read more

MPs push to redefine APRA's role in banking

Political pressure is mounting on the federal government to address APRA's negative impact on competition in the banking sector, with influential cross-bench senator Nick Xenophon promising to introdu.. read more