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A hard landing in China while bruising for banks may have only a muted effect on their credit ratings, Standard & Poor's concluded in an analysis released yesterday. read more

Gippsland Secured Investments has one more week to raise the necessary cash to avoid the appointment of receivers - half the extra time the debenture issuer was seeking. read more

Macquarie Bank will have to negotiate a fresh carve-up of the A$82.5 million offered in settlement of a long-running wrangle with investors who were advised by Storm Financial and funded by Macquari.. read more

Demand indicators on the lending side are not all bad. The ABS reports that the value of commercial finance commitments increased 11.5 per cent in June 2013, following a rise of 3.4 per cent in May.. read more

Banks will be subject to a cap on the size of the committed liquidity facility they can access from the Reserve Bank of Australia from January 2015. read more

The LM First Mortgage Income Fund will be wound up, following a ruling by the Supreme Court of Queensland. read more

Any bankers grizzling about lacklustre demand for debt might want to cheer up, since Australian Bureau of Statistics shows their product is penetrating their target market well. read more

With the ink barely dry on her "retirement" from NAB's board, Patricia Cross has joined the board of Macquarie Group. read more

A short-term lender that charges interest rates of more than 300 per cent and disguises its loans as diamond trading will have to fend off claims brought by the Australian Securities and Investments.. read more

Westpac yielded to the pressure for more competitive pricing on its home loan products yesterday by dropping its standard variable mortgage rate by 28 basis points, to 5.98 per cent. read more