Apr 29 2014
Virgin Money (Australia) Pty Limited has paid $30,600 in penalties after ASIC issued three infringement notices for misleading online and television advertising.
Apr 28 2014
Insurance books are attracting higher multiples than financial planning client books or loan books as brokers and advisers converge via acquisition.
Apr 28 2014
Barclays insists the bank must pay more to prevent staff being poached by competitors despite a revolt by the bank’s largest shareholders against bigger bonuses.
Apr 28 2014
ASIC has cancelled Banksia Mortgages Limited's Australian financial services (AFS) licence.
Apr 24 2014
As the UK economy continues to gain strength, Standard Life Investments has warned the central bank against relying too heavily on the macroprudential channel.
Apr 24 2014
Non-bank lender Pepper has issued Australia’s largest sub-prime RMBS transaction since the GFC and its first non-conforming placement in the US with joint lead managers CBA and NAB.
Apr 23 2014
The Reserve Bank has issued a couple of words of caution in recent weeks that should cause all of us mortgage brokers to pause for thought.
Apr 23 2014
The major banks’ stranglehold on mortgage distribution is stifling competition and locking smaller lenders out of the market, according to Firstpoint director Troy Phillips.
Apr 23 2014
New Zealand’s LVR restrictions are having a major impact on segments of the housing market, according to a local mortgage broker.
Apr 22 2014
United States Federal Reserve chair Janet Yellen has flagged the possibility of “the largest, most complex banking organisations” holding larger amounts of capital.
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