Consumer lending (875 items)

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Term deposit guarantee clarified

There was some head scratching among depositors and bankers yesterday as they tried to figure out a confusing reference in the Treasurer’s statement outlining plans for a permanent Financial Claims Scheme. read more

Business lending margins come in

Competition in the sluggish business lending market has forced lenders to trim their margins. Research house Canstar says the gap between home loans and residentially secured business loans has narrowed this year. read more

Core business a write-off for MyATM

MyATM has written off all the intangibles associated with its core business of deploying automatic teller machines, an endeavour central to its rationale for raising A$6.7 million in new capital through an initial public offering early in 2011. read more

Stevens says housing credit still tight

RBA governor Glenn Stevens believes banks can further ease the availability of credit for new housing. In his Friday appearance before the House of Representatives Economics Committee, Stevens said Australia was still not building enough new homes to ease price pressures on existing housing. read more

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