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Firstmac prices $600m RMBS issue
Non-bank lender Firstmac has priced a $600 million residential mortgage-backed securities issue in a transaction that is $100 million larger than its previous one.
ECONOMY • Thu, 29 Sep 2016
Bubble risk ‘eminent’ in Sydney
Sydney ranks fourth among global cities most at risk of a housing bubble, recent research has revealed.
ECONOMY • Wed, 28 Sep 2016
Major bank raises $1.7bn of capital
One of the big four banks has completed and upsized its capital notes, raising almost $1.7 billion of additional capital.
RBA ‘shouldn’t just rely on low interest rates’ to assist economy
The Reserve Bank of Australia should be getting more help from the government in trying to boost the economy, a chief economist has emphasised.
ECONOMY • Tue, 27 Sep 2016
US Fed’s decision to hold rates ‘both good and bad’
A senior economist has commented that the US Federal Reserve’s decision to hold interest rates could be both good and bad for the Australia economy, as it has potentially ...
ECONOMY • Sun, 25 Sep 2016
Major bank prices $800m debt issue
National Australia Bank has successfully priced subordinated medium term notes worth a total of $800 million.
ECONOMY • Thu, 22 Sep 2016
MyState issues $10m of subordinated notes
A Tasmanian lender has priced a $10-million debt issue in a transaction that will allow the group to “build greater diversity” into its capital base.
Mutual bank pre-tax profit surges by 6.46%
Reporting on its overall performance for the year, Heritage Bank has posted a year-on-year surge of 6.46 per cent to $50.1 million in pre-tax profit, with above system ...
ECONOMY • Wed, 21 Sep 2016
Fintechs to ‘shrink’ role of banks
The current disruption posed by fintechs has “the potential to shrink the role and relevance of today’s banks”, a prominent banking sector executive has forewarned
ECONOMY • Tue, 20 Sep 2016
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