Break fees holding firm

Lenders are likely to find they have a lot of latitude in setting break fees and other fees on home loans once the National Credit Code comes into force later this week. read more

Adverse pricing bites at Westpac

Westpac's decision in December to add 20 basis points to home loan pricing, on top of a 25 basis point increase in the official cash rate, is still biting at the bank's customer satisfaction rating. read more

Five hundred take chances with an EFM

Five hundred hardy families is the extent of the market opened up, to date, by Rismark International in their quest to make co-investment in the family home by outsiders a viable financing option. read more

Plenty Credit Union merges with CUA

Plenty Credit Union, a small community credit union serving Melbourne's north-east, will fold into Credit Union Australia, the two groups announced yesterday. read more

An on and off day for ANZ

A hard disk failure left hundreds of thousands of customers of ANZ waiting for service yesterday. For many customers internet banking, telephone banking and the call centre service either did not wo.. read more

ANZ's RBS portfolio severely stressed

It's taken a long, long time for ANZ to disclose anything halfway meaningful on the Royal Bank of Scotland businesses the bank has bought (or is still buying, in one case) in six Asian markets. But.. read more

ATM use drops and so does fee income

Owners of automatic teller machines are reaping $120 million less, in aggregate, in annual fee revenue from customers from the use of ATMs, an analysis by the payments system department of the Reser.. read more

Borrowing restraint suits Stevens

The household debt burden at present may be manageable, but the governor of the Reserve Bank of Australia hopes that it does not climb much beyond its present level. read more