422

Efforts to foster the competitiveness of niche lenders and draw new lenders into the home loan market is a policy that may raise prudential concerns, John Laker, chair of the Australian Prudential Reg.. read more

Efforts to foster the competitiveness of niche lenders and draw new lenders into the home loan market is a policy that may raise prudential concerns, John Laker, chair of the Australian Prudential Reg.. read more

National Australia Bank earns the lowest return of the big four banks, NAB CEO Cameron Clyne acknowledged yesterday at a hearing of the Senate economics committee held in Sydney. His bank had "not d.. read more

Cameron Clyne, chief executive of National Australia Bank, opened the door to the bank taking a more independent line on the timing, and also the level, of interest rate rises in the future. "The ma.. read more

National Australia Bank conceded fee income of A$220 million a year from its removal of penalty fees, account keeping fees and home loan exit fees, the bank's CEO told the Senate economics committee.. read more

The state of bank technology in relation to account numbering and the portability of bank accounts is to be the subject of a review led by Bernie Fraser, chair of Industry Super Holdings and ME Bank.. read more

The Australian Government will invest an additional A$4 billion in the secondary mortgage market in a second extension of a program first announced in late 2008. read more

As expected, the Government yesterday announced that it will change the Banking Act to allow banks to sell "covered bonds", or bonds against which banks pledge pools of loans as collateral. read more

The Australian Government is to make its Financial Claims Scheme, rushed into law at the height of the financial crisis two years ago, permanent. read more

A "central account registry" may help make home loans more portable, assuming the industry, following Government prodding, actually organises itself to make use of a centralised and standardised acc.. read more