Deposits flex at at Westpac 02 October 2017 5:55PM 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
Heritage bypasses Queensland champs 02 October 2017 5:54PM Queensland-based banks are losing the battle for retail deposits to the major banks, ING Direct and a handful of regional deposit-takers. read more
Fee changes could hasten ATM culling 27 September 2017 3:36PM Banks are likely to feel little financial pain from the ATM fee removal, but there are warnings the move could hasten the end of large ATM networks. read more
Over-borrowing fuels insolvency surge 27 September 2017 3:32PM 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 27 September 2017 3:29PM Alternative lender La Trobe Financial has completed a $570 million securitisation of a range of non-conforming residential mortgages. read more
Treasury raises questions about new housing corporation 26 September 2017 4:52PM A Treasury discussion paper raises questions about Morrison's magic bullet for housing crisis, the National Housing Finance and Investment Corporation and its special financing vehicle. read more
KKR sweetens Pepper offer 26 September 2017 4:48PM 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 26 September 2017 4:39PM 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
COBA calls for patrols on APRA remit for majors 20 September 2017 4:04PM The Customer Owned Banking Association has called for an overhaul of the prudential regulator's charter to stoke competition in the Australian financial services sector. read more
MPs push to redefine APRA's role in banking 20 September 2017 4:02PM 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