Kiwibank 'cannot settle' priced bond 15 March 2017 5:11PM Kiwibank yesterday evening alerted debt investors it "cannot proceed with the settlement" of a A$175 million, ten-year bond priced (as in 'agreed') only last week.Maybe the bank meant it simply 'no lo.. read more
Non-banks feast amid RMBS frenzy 15 March 2017 5:09PM Almost every prominent non-bank funder is contributing to a smorgasbord of mortgage-backed bonds on offer to bond-starved credit investors this week. read more
More macro measures on cards 15 March 2017 5:07PM The enthusiasm of financial regulators for further macroprudential policy measures may brighten, as the effect of past measures fades. read more
On balance, cards swing for banks 14 March 2017 4:26PM One adverse dynamic for banks in their credit card portfolios has reversed, at least for now, with balances accruing interest on the rise, on an annual basis. It may be a lead indicator of a better 20.. read more
Customers count for ME 10 March 2017 5:23PM Customer numbers have ticked past the 400,000 mark at ME, a bank yet to surpass double digit returns, but so far keeping its industry fund owners content. read more
NAB rides satisfaction rollercoaster 10 March 2017 5:22PM National Australia Bank's wandering ranking on customer satisfaction remains on the right track, after around a year or more of declines in the Roy Morgan Research Consumer Satisfaction Report. read more
Unit glut on Westpac watchlist 09 March 2017 5:24PM Westpac's CEO Brian Hartzer said a weekly email on the Melbourne apartment market tells him there is "potentially creating a bit of a glut of supply". read more
Banks leave coal in cooler 08 March 2017 4:43PM Bank lending to fossil fuel miners and generators has reduced, and continues to fall, with major banks forcing select customers to seek finance elsewhere. read more
Merchant finance yield in decline for Latitude 07 March 2017 4:44PM Latitude Finance Australia is breaking new ground in the debt capital market, as the first financier to put a master trust structure to work in an asset-backed transaction. But the yield on the store.. read more
Australian banks confront 'fragile' valuations 07 March 2017 4:42PM Australia's listed banks had better start producing profit growth of at least 13 per cent, the level "needed to justify current [equity] prices," the industry analysts at Morgan Stanley Australia argu.. read more