RBA (204 items)

Margin loan account numbers tumble

One segment of the debt market that has not received a boost from low rates is margin lending. The number of margin loan accounts fell by 2.8 per cent in the June 2016 quarter and is down almost five per cent on the June quarter last year.Margin calls fell from 1.11 per 1000 clients per day in the March quarter to 0.67 per 1000 clients per day in the latest period. read more

Briefs: Quay and G&C merger cleared, FlexiGroup signs up Flight Centre, Bigstone gets capital injection, and more

Quay Credit Union's proposed merger with G&C Mutual Bank is over the line, after 89 per cent of Quay CU members voted in favour at a meeting last week. G&C Mutual Bank will have a post-merger balance sheet of around A$1.1 billion.  The merger may take effect from 1 September 2016. read more

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