Credit reps bother CIO in ombudsman reset 12 July 2017 4:02PM The Credit and Investments Ombudsman is adapting its campaign to derail the "one stop shop" for financial complaints, taking aim at the exclusion of credit representatives under the government's propo.. read more
Wealth shortcuts shame NAB anew 10 July 2017 3:51PM Six hundred days later than a grumpy Coleman committee would prefer, NAB on Friday owned up to its latest compliance cock-up in its wealth division. NAB mislead "at least" 150,000 MLC and other wealth.. read more
SocietyOne a match for mutual ADIs 10 July 2017 3:48PM Marketplace lender SocietyOne yesterday shared key data on its progress across the first half of 2017, and the content and openness is bound to encourage the view that an initial public offering is we.. read more
KKR shadows Latitude with Pepper bid 06 July 2017 2:51PM A merger of Pepper with Latitude, once the consumer finance arm of GE Capital, may inform the interest of private equity firm KKR Credit Advisors and allies in a takeover of Pepper. read more
KKR 'advances' on Pepper 05 July 2017 3:44PM Private equity giant KKR "is in advanced negotiations to buy listed non-bank lender Pepper Group" via KKR's credit team, the Financial Review reports. read more
Capital 'shortfall' near nil for G-SIBS 05 July 2017 3:42PM The average capital ratio of large internationally active banks continued to rise in the first half of 2016, while the capital shortfall continued to fall, according to the Basel Committee on Banking.. read more
Liberals aim to foil SA bank levy 04 July 2017 3:28PM Plans by the South Australian Labor government to enact a secondary levy on select bank liabilities may tank in the upper house of the state's parliament after the South Australian parliamentary Liber.. read more
Restraint curbs business not investment lending 03 July 2017 3:47PM Bendigo and Adelaide Bank, and Suncorp Bank, are the only banks of note to have applied the brakes on mortgage lending over the months of April and May 2017, on the back of APRA's late March measures.. read more
Systemic eyes on bank rents in super 03 July 2017 3:44PM The wheels are turning on the third and final phase of the Productivity Commission's review of superannuation, one that will tread once more well-worn terrain over models for default allocation of sav.. read more
Barnaba wings onto RBA board 03 July 2017 3:43PM A second veteran of Macquarie Bank will join the board of the Reserve Bank of Australia. Mark Barnaba will serve a five-year term from 31 August 2017. read more