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Firstmac receives AAA credit ratings

Four classes of Firstmac’s prime residential mortgage-backed securities (RMBS) have been assigned AAA ratings by Standard & Poor’s (S&P).

‘No imperative for us to raise capital’

The managing director of a regional bank says there is no need for the group to raise capital despite its decision to follow the majors in hiking variable mortgage rates.

Non-bank partners with asset manager

A non-bank commercial mortgage provider has collaborated with Costa Asset Management in a proof of concept to employ investment capital for ...

ASIC on alert over risk-based pricing

A financial services company has changed its advertising of personal loans and debt consolidation loans following ASIC's concerns that the advertising was potentially misleading.

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