Westpac back with an ABS 05 December 2012 5:26PM Westpac is marketing its first asset-backed bond in four years, with plans to refinance a pool of A$750 million in car loans that originated with its St George finance arm. read more
Banks "leak" nine per cent of profits 03 December 2012 5:44PM Almost one dollar in 10 of the reported cash profit of Big Four banks over the coming years will never become retained earnings, a new analysis by the equity research team at Citi concludes. read more
More light shed on payments problems 03 December 2012 5:42PM Banks will have to report more often on payment processing incidents, as the Reserve Bank of Australia escalates its engagement with the issue. read more
Many may escape sanction in cards scam 30 November 2012 4:42PM 16 Romanian nationals have been arrested after a $30 million credit card scam. But the merchants who let their customers' data be disclosed may never pay a penalty. read more
Cabcharge 'could not survive' reduced surcharge 29 November 2012 5:41PM The taxi payments processing industry could not survive if its surcharge or service fee was halved to five per cent from 10 per cent, says Reg Kermode, the chair and CEO of Cabcharge. read more
Small business code needed, says Senate 29 November 2012 5:35PM The Australian Bankers' Association needs to develop a voluntary code of conduct for small business lending, the Senate's economics committee proposes in its report on the "post-GFC banking sector". read more
Mutuals see industry growth 28 November 2012 5:36PM Industry lobby the Abacus Group has released quarterly data that aims to extend the corresponding series from APRA to the small deposit-taking sector. read more
Southern Finance finds saviour in Bendigo 27 November 2012 5:16PM Bendigo and Adelaide Bank is to buy the loan book and related assets of mortgage fund Southern Finance for no premium. The assets are worth around A$290 million. read more
Banks open door to non-bank rivals 27 November 2012 5:12PM Lenders can expect the net interest margin they earn on home loans to decline by around 10 basis points over the next year, a study by Deloitte has found. read more
NZ Post seeks funding flexibility for Kiwibank 26 November 2012 5:44PM New Zealand Post is looking into alternative methods of finding funding for its subsidiary Kiwibank. read more