Latest news (24,242 items)

IT’s a batch payments crisis at Bendigo Bank

A rare two-day payments outage leaves Bendigo pacifying an irate depositor base today. The major grievance for thousands of customers was that Centrelink payments, salaries and other direct entry requests made on Tuesday were not processed by Bendigo’s faltering systems.Dismayed mortgage managers were caught up too, unable to lodge home loan applications on behalf of clients through Adelaide Bank’s third party loan platform. read more

Risk-on at Metrics second credit fund

Commercial lender Metrics Credit Partners has launched a new credit fund, which will hold a portfolio of sub-investment grade debt and target a return of 8 to 10 per cent. Metrics has released a product disclosure statement for the MCP Income Opportunities Trust, seeking A$300 million from retail investors. The trust will be listed on the ASX. Across 98 loans in its first listed fund, “Metrics has not lost any money.” read more

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