Latest news (24,977 items)

Commonwealth quit account aggregation

The merits of account aggregation services as product offering have been found wanting at another bank, with Commonwealth Bank to shut down its service from the end of the month. The bank advised registered users of the service of the decision by email on Friday, and may have turned off service to new customers for some time before that. read more

Interstar refinances in record time

Mortgage funder Interstar is clearing out its warehouse and refinancing loans via the capital market in record time, with marketing underway for a $1.25 billion mortgage-backed bond secured by a pool of loans that, on average, is barely two months old. read more

Big banks talk down mortgage market

Big banks remain convinced that the above average growth in demand for housing loans will come to an end, in contrast to their smaller, and more specialised competitors who must hope that the boom runs on. read more

CBA ranks first in merchant market

Michael Cameron, Commonwealth Bank's CFO, did manage to cover some new ground at the UBS investor conference, asserting the bank's market share in key products markets in Australia to be: read more

ANZ small business lending accelerates

Graham Hodges, managing director of corporate and SME banking at ANZ Bank presented some new data to the UBS investor conference yesterday of the kind that CBA's Michael Ullmer complained about. But whether verifiable by outsiders or not, Hodges told the conference: read more

Banking and insurance profits to slow

In one more piece of forecasting, Westpac's Paul Lilley projected the relative level of cash earnings growth in a range of consumer banking and business banking segments in 2007, versus estimated industry earnings growth in 2002. read more

BankWest waves through HSBC offer

The board of directors of Bank of Western Australia have formally endorsed the British bank's offer to buy out minority shareholders for $4.35 a share. read more

AMP Bank sells stale home loans

AMP Bank is nearing completion of the restructure of its balance sheet in preparation for the repatriation of capital to its parent, with plans to sell an ageing, $485 million mortgage pool into a securitisation vehicle, Progress 2003-1 Trust. read more

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