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Showing 411 - 420 of 1881 results for "Lending"

Household debt a major risk: RBA

ELIZA BAVIN  |  THURSDAY, 27 AUG 2020
... said. "Household borrowing is a large share of banks' assets and so is important for their performance, but overall high lending standards, low loan-to-valuation ratios and banks' high level of capital mean they are highly resilient to adverse shocks ...

Chief economist update: Japan economy tanks depsite looser restrictions

BENJAMIN ONG  |  THURSDAY, 27 AUG 2020
... deeper into the negative would hurt already weak regional lenders, which could face a build-up of bad loans as they boost lending to cash-strapped firms hit by the pandemic. At this point, it appears that only a vaccine could immunise the economy from ...

Xero acquires business lender

ALLY SELBY  |  TUESDAY, 25 AUG 2020
... has acquired an invoice financing business, set to help small businesses access capital. Xero has acquired cloud-based lending platform Waddle, and will cough up an upfront cash payment of $31 million, as well as subsequent payments based on product ...

Westpac offloads vendor finance business

ALLY SELBY  |  FRIDAY, 21 AUG 2020
... Finance," Angle Finance chief executive Craig Edwards said. "Together, we will be able to offer a diversified portfolio of lending solutions, supported by innovative technology and high-quality service. "We look forward to continuing to execute on strategic ...

Chief economist update: Worse news is better news

BENJAMIN ONG  |  THURSDAY, 20 AUG 2020
... enacted and anticipated-along with appreciable support from monetary policy and the Federal Reserve's liquidity and lending facilities were expected to continue bolstering the economic recovery, although a complete recovery was not expected by year-end." ...

CBA profit takes hit, dividend cut

ELIZA BAVIN  |  WEDNESDAY, 12 AUG 2020
... of our banking businesses. As a result of our focus on operational excellence, we achieved above market growth in home lending and deposits." Comyn added the bank business showed some momentum due to investments in new products, services and technology. ...

IOOF divests Australian Ethical

ELIZABETH MCARTHUR  |  FRIDAY, 7 AUG 2020
... prompting the divestment. Australian Ethical also excludes Commonwealth Bank and ANZ under its ethical screens, largely for lending to fossil fuel companies and projects including the Adani Carmichael coal mine.

Banks ordered to reduce dividend payout ratios

KANIKA SOOD  |  WEDNESDAY, 29 JUL 2020
... APRA also wants banks and insurers to conduct regular stress testing to inform decision-making and demonstrate ongoing lending capacity and make use of capital buffers to absorb the impacts of stress, and continue to lend to support households and businesses. ...

US pension funds form trading alliance

ALLY SELBY  |  FRIDAY, 24 JUL 2020
... Peer Financing Association (GPFA), in a bid to increase and encourage peer-to-peer trading activity in the securities lending and repo markets to benefit asset owners. California Public Employees' Retirement System (CalPERS), Healthcare of Ontario ...

ASIC will not appeal wagyu and shiraz decision

ANNABELLE DICKSON  |  THURSDAY, 23 JUL 2020
... regulator has announced it will not appeal to the High Court's rejection ofits case against Westpac for alleged responsible lending breaches. ASIC commenced federal court proceedings against Westpac in 2017 alleging that between December 2011 and March ...