Publication: Banking Day

First reported 22 hours ago - Updated 22 hours ago - 1 reports

Cutting five-year fixed rates may be just the first salvo

In what will undoubtedly be bad news for the Reserve Bank, an analysis of its data reveals that there is plenty of scope for banks to cut mortgage rates beyond the cuts in five year fixed-rates initiated last week.As stated in Banking Day yesterday, brand ... [Published Banking Day - 22 hours ago]
Entities: Salvo, Mortgages, Rate Cut
First reported 22 hours ago - Updated 22 hours ago - 1 reports

Credit bubble pressures AA- bank ratings in Australia: S

Strong property price growth over the past year or so "has been indicative of a resurfacing of risk within Australia's housing market," Standard & Poor's said in a commentary yesterday."At the heart of our observations are the forces driving the recent ... [Published Banking Day - 22 hours ago]
First reported 22 hours ago - Updated 22 hours ago - 1 reports

SPAA issues best practice guidelines for SMSF lending

The SMSF Professionals Association of Australia has developed a set of best practice guidelines for lending to self-managed superannuation funds. Yesterday SPAA issued separate guidelines for lenders and advisers.SPAA also announced that National Australia ... [Published Banking Day - 22 hours ago]
First reported 22 hours ago - Updated 22 hours ago - 1 reports

Brief: Veda joins Pexa, IPO a prospect for Pexa, Kinghorn cleared of corruption, Moody's downgrades Deutsche Bank

:47amData analytics and credit reporting company Veda has joined new Australian electronic conveyancing exchange, Pexa. As a Pexa sponsor, Veda will integrate Pexa into its product offerings, including the online portal VedaCheck. Lawyers and conveyancers ... [Published Banking Day - 22 hours ago]
First reported 22 hours ago - Updated 22 hours ago - 1 reports

Lenders beware: SMEs are higher risk

The rate of business insolvency, relative to the total number of companies in Australia, has more than doubled over the past 15 years, reflecting an increase in the risks involved in running a business.A study of the insolvency market by economist Chris ... [Published Banking Day - 22 hours ago]
First reported 22 hours ago - Updated 22 hours ago - 1 reports

Three per cent buffer on Australian bank loan repayments: Moody's

Moody's Investors Service says existing Australian residential mortgage-backed securities are well placed to withstand a rise in interest rates by as much as three percentage points, because monthly payments in underlying loans would on average remain ... [Published Banking Day - 22 hours ago]
First reported Jul 28 2014 - Updated Jul 28 2014 - 1 reports

BPS Technology launches IPO with ambitious growth targets for Bartercard

BPS Technology has set ambitious growth targets for its core business, Bartercard, in a prospectus issued yesterday. The company, which plans to list on the Australian Securities Exchange in September, aims to double Bartercard's member base over the ... [Published Banking Day - Jul 28 2014]
First reported Jul 28 2014 - Updated Jul 28 2014 - 1 reports

Rate cutters aiming to push credit growth

Last week's co-ordinated cuts in five-year home loan pricing are a reminder of an industry searching for volume and cutting margins to attract it.Followers have to follow - and both Citi and AMP did yesterday, amongst others publicising changes.Brand ... [Published Banking Day - Jul 28 2014]
First reported Jul 28 2014 - Updated Jul 28 2014 - 1 reports

Room to move on rates

Rate cuts spread from fixed rate loans to variable rates yesterday.AMP is now offering a variable, no frills home loan rate of 4.74 per cent, down from 4.9 per cent earlier. This shifts them from the sixth to the third page on the Canstar site.The market ... [Published Banking Day - Jul 28 2014]
First reported Jul 28 2014 - Updated Jul 28 2014 - 1 reports

Many schools leavers 'disengaged'

Analysis of the labour market experience of Tasmanian year 12 leavers highlights adverse workforce demographics in the state's economy.Of the students who completed Year 12 in 2010, 57 per cent "were fully engaged in work or study one year after leaving ... [Published Banking Day - Jul 28 2014]
First reported Jul 28 2014 - Updated Jul 28 2014 - 1 reports

Medibank mutuality hard to rebut

All members and policyholders of Medibank own the equity in the health insurance company, its own accounts clearly declare.Or so they did for several years to 1996.An historical survey of Medibank's annual financial statements by The New Daily over the ... [Published Banking Day - Jul 28 2014]
First reported Jul 28 2014 - Updated Jul 28 2014 - 1 reports

Tax refunds will go to debt reduction and savings

Close to half the people receiving a tax refund this year will use it to repay debt and more than one-third will save it.Bankwest's latest annual report on consumers' tax return expectations, the Taxing Times Report, indicates that consumers remain conservative ... [Published Banking Day - Jul 28 2014]

Quotes

Strong property price growth over the past year or so "has been indicative of a resurfacing of risk within Australia's housing market" Standard & Poor's said in a commentary yesterday
Interest rates on home loans in Australia could "rise by three percentage points … [leaving] the average borrower [with] excess capacity to repay their loan" Moody's said yesterday
Of the students who completed Year 12 in 2010, 57 per cent "were fully engaged in work or study one year after leaving school" the Australian Bureau of Statistics said
Managing director Australia and New Zealand at payments processor First Data, John Tait, said: "The question consumers are asking is what value they get for using a different payment instrument."

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sort by: Date | Relevance
Credit bubble pressures AA- bank ratings in Aus... [Published Banking Day - 22 hours ago]
Cutting five-year fixed rates may be just the f... [Published Banking Day - 22 hours ago]
SPAA issues best practice guidelines for SMSF l... [Published Banking Day - 22 hours ago]
Three per cent buffer on Australian bank loan r... [Published Banking Day - 22 hours ago]
Lenders beware: SMEs are higher risk [Published Banking Day - 22 hours ago]
Brief: Veda joins Pexa, IPO a prospect for Pexa... [Published Banking Day - 22 hours ago]
Profit goals in reach [Published Banking Day - Jul 28 2014]
Hollow logging at NAB [Published Banking Day - Jul 28 2014]
More wearables on the way [Published Banking Day - Jul 28 2014]
Tax refunds will go to debt reduction and savings [Published Banking Day - Jul 28 2014]
Medibank mutuality hard to rebut [Published Banking Day - Jul 28 2014]
Many schools leavers 'disengaged' [Published Banking Day - Jul 28 2014]
BPS Technology launches IPO with ambitious grow... [Published Banking Day - Jul 28 2014]
Room to move on rates [Published Banking Day - Jul 28 2014]
Rate cutters aiming to push credit growth [Published Banking Day - Jul 28 2014]
Vendors move in to save hospitality from PIN 'c... [Published Banking Day - Jul 28 2014]
Bumper year for RMBS is good news for small len... [Published Banking Day - Jul 28 2014]
False alarm over PIN@POS [Published Banking Day - Jul 28 2014]
Value-added needed for mobile wallets to gain t... [Published Banking Day - Jul 28 2014]
Apple not a trusted brand for payments [Published Banking Day - Jul 28 2014]
YBR to change its name to NonADI Holdings [Published Banking Day - Jul 28 2014]
Don’t hold your breath on a NAB buyback [Published Banking Day - Jul 28 2014]
Briefs: NAB sells UK loans, mortgage customers ... [Published Banking Day - Jul 28 2014]
Coming event: AVCAL alpha conference 2014 [Published Banking Day - Jul 25 2014]
Banks are an inflation agent [Published Banking Day - Jul 25 2014]
Default interest wiped for Great Southern borro... [Published Banking Day - Jul 25 2014]
Cross-border banking activity picks up [Published Banking Day - Jul 25 2014]
ANZ aims high and wide in Asia [Published Banking Day - Jul 25 2014]
Major banks' Basel III claims questioned [Published Banking Day - Jul 25 2014]
Macquarie comes back to earth [Published Banking Day - Jul 25 2014]
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