Publication: Banking Day

First reported 16 hours ago - Updated 16 hours ago - 1 reports

SMEs positive about the outlook but not keen to borrow

A third of businesses plan to increase their capital expenditure over the next six months, a Commonwealth Bank survey has revealed.According to the bank's SME Confidence Report, 39 per cent of businesses expect business conditions to improve in the next ... [Published Banking Day - 16 hours ago]
First reported 16 hours ago - Updated 16 hours ago - 1 reports

The RBA can't say why we are saving more

The cause of one of the most important changes in Australian household financial behaviour in recent times – the rise in savings levels – is not clear, according to Reserve Bank research.The RBA has published a research paper written by two members of ... [Published Banking Day - 16 hours ago]
First reported 16 hours ago - Updated 16 hours ago - 1 reports

Age discrimination lending claim fails

A claim by a 66-year old that he was discriminated against because of his age when requesting a loan from National Australia Bank has failed in the Victorian Civil and Administrative Tribunal.Anna Dea, a Tribunal member, held it was "reasonable for a ... [Published Banking Day - 16 hours ago]
First reported 16 hours ago - Updated 16 hours ago - 1 reports

RMBS managed funds prove their worth

Three years after its launch, Firstmac's High Livez mortgage securities fund has A$35 million under management. That is not big, but Firstmac's chief financial officer James Austin believes that, through the fund's steady inflows and solid returns, the ... [Published Banking Day - 16 hours ago]
First reported 16 hours ago - Updated 16 hours ago - 1 reports

Briefs: BOQ raises institutional money, Money3 issues bonds, Clydesdale Bank not part of Paym

:41amBank of Queensland, which announced last week that it would acquire assets from Investec Bank (Australia), has raised A$183 million through an entitlement offer. With the institutional component of the offer completed, the bank will open the retail ... [Published Banking Day - 16 hours ago]
First reported 23 hours ago - Updated 23 hours ago - 1 reports

Coming event: Technology & Innovation the Future of Banking & Financial Services, Melbourne

Event organisers: The Banking Day daily email newsletter is now accepting paid advertising. Find out more and download our advertising kit. To place your ad, emailEvents ... [Published Banking Day - 23 hours ago]
First reported Apr 16 2014 - Updated Apr 16 2014 - 1 reports

Briefs: GE Money vulnerable to bug, CBA system crashes

:30amGE Money has advised its customers to change their passwords in the wake of the Heartbleed security bug, according to a Fairfax Media report. The report said financial websites run by GE Money, including the Myer Visa Card, Myer Card, Coles MasterCard ... [Published Banking Day - Apr 16 2014]
First reported Apr 16 2014 - Updated Apr 16 2014 - 1 reports

mPOS market takes off

Bendigo Bank is the third group to enter the mobile point of sale market in as many months. A sector that has, until now, struggled to get off the ground in Australia is suddenly very active.Bendigo Bank is working with technology provider Quest Payment ... [Published Banking Day - Apr 16 2014]
First reported Apr 16 2014 - Updated Apr 16 2014 - 1 reports

AFG prices RMBS

Mortgage aggregator and originator AFG has completed its latest issue of residential mortgage-backed securities, pricing at a significantly lower margin than when it last issued in September.AFG raised A$300 million of funds for its originations business, ... [Published Banking Day - Apr 16 2014]
First reported Apr 16 2014 - Updated Apr 16 2014 - 1 reports

Teachers Mutual Bank offers flexible offset

Teachers Mutual Bank has introduced a mortgage offset facility that is available with all its mortgage products, including fixed-rate and interest-only loans. Offsets are a standard feature with variable rate loans but are not otherwise widely availa ... [Published Banking Day - Apr 16 2014]
Entities: Mortgages, Bank
First reported Apr 16 2014 - Updated Apr 16 2014 - 1 reports

Modest pick-up in business credit demand

Business credit demand is building, according to Veda's latest Business Credit Demand Index.Veda said the volume of business credit applications that went through its commercial bureau in the March quarter was up 2.1 per cent on the previous corresponding ... [Published Banking Day - Apr 16 2014]
Entities: Declination, Index
First reported Apr 16 2014 - Updated Apr 16 2014 - 1 reports

Credit card balances growing

Credit card balances have grown steadily over the past few months, indicating that the market is coming out of the doldrums.According to Reserve Bank credit and charge card statistics released on Friday, balances accruing interest increased from A$35 ... [Published Banking Day - Apr 16 2014]
Entities: Credit Card

Quotes

"There can be no doubt that the establishment of a source of repayment is part of a standard policy or guideline. Careful and flexible attention to an unusual or different loan proposal will also require proof of a source of..."
"It was a bit of an epiphany; what was out there [in social media] and what was possible."
"When you look at the other global players, the Citis of the world, the..."
"On residential development projects lenders used to require 100 per cent pre-sale. That is now 50 per cent"

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sort by: Date | Relevance
Briefs: BOQ raises institutional money, Money3 ... [Published Banking Day - 16 hours ago]
RMBS managed funds prove their worth [Published Banking Day - 16 hours ago]
Age discrimination lending claim fails [Published Banking Day - 16 hours ago]
The RBA can't say why we are saving more [Published Banking Day - 16 hours ago]
SMEs positive about the outlook but not keen to... [Published Banking Day - 16 hours ago]
Coming event: Technology & Innovation the Futu... [Published Banking Day - 23 hours ago]
Mutuals get hybrid option [Published Banking Day - Apr 16 2014]
mPOS market takes off [Published Banking Day - Apr 16 2014]
Bank price signalling law under review [Published Banking Day - Apr 16 2014]
Banking and media 'must change': Smith [Published Banking Day - Apr 16 2014]
Teachers Mutual Bank offers flexible offset [Published Banking Day - Apr 16 2014]
AFG prices RMBS [Published Banking Day - Apr 16 2014]
Credit card balances growing [Published Banking Day - Apr 16 2014]
Modest pick-up in business credit demand [Published Banking Day - Apr 16 2014]
Briefs: GE Money vulnerable to bug, CBA system ... [Published Banking Day - Apr 16 2014]
RMBS purple patch continues [Published Banking Day - Apr 15 2014]
Global banks winding back Asian investments [Published Banking Day - Apr 15 2014]
Gonski flags the next phase of ANZ's Asia strategy [Published Banking Day - Apr 15 2014]
Obituary: Charles Rennie [Published Banking Day - Apr 15 2014]
Amex marks time [Published Banking Day - Apr 15 2014]
ATM transactions near 10-year lows [Published Banking Day - Apr 15 2014]
Investec retreats to merchant banking [Published Banking Day - Apr 14 2014]
Time for BOQ to be a business builder [Published Banking Day - Apr 14 2014]
Grimshaw won't be part of the mortgage market b... [Published Banking Day - Apr 14 2014]
APRA seeks daily liquidity reports [Published Banking Day - Apr 14 2014]
Snowball wants easier ride [Published Banking Day - Apr 14 2014]
No ASX listing for Hume [Published Banking Day - Apr 14 2014]
Briefs: Timbercorp appeal denied, mPOS hack sho... [Published Banking Day - Apr 14 2014]
ANZ inks sale of Trustees business to Equity Tr... [Published Banking Day - Apr 11 2014]
FIIG closes first kangaroo deal [Published Banking Day - Apr 11 2014]
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