Latest news (24,963 items)

Losing market share

Not that Adelaide Bank is pumping much volume into securitisation conduits (such as the Torrens trusts) that refinanced plenty of the bank's home loan volume in recent years. read more

Mortgage business working at half capacity

Barry Fitzpatrick said the mortgage processing business could double in capacity, from the current volume of handling between $400 million and $500 million a month in home loans. read more

Brokers doing better

Fees paid to home loan brokers by Adelaide Bank edged higher over the last year, from about 0.6 per cent of average loans to about 0.65 per cent. Not many banks disclose this statistic, and it is an important indicator of how banks are giving up some of the value to intermediaries. read more

Credit market turns on the bank

Investors sold off Adelaide Bank debt in light of the profit. The bank's subordinated debt, which matures in 2009, fell $1, or 0.9 per cent, to $106.50, in a pretty thinly traded security on the ASX. read more

Jon Wood leaving Coles

The AFR reports that Jon Wood will leave Coles Myer in the middle of the year. Wood is effectively responsible for the retailer's plans to enter financial services. read more

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