Monthly Archives: October 2014

Bank of Queensland settle Storm Financial cases – The Adviser

Bank of Qld’s profits will be hit by more than $22 million after it reached a settlement with ASIC over the Storm Financial collapse. The bank announced yesterday that it had resolved both of its outstanding Storm Financial proceedings, subject to Federal Court approval. The two proceedings are ASIC’s unregistered managed investment scheme proceedings, which […]

Mortgage arrears remain stable, according to ratings agency – Australian Broker Online

New research reveals that Aussies are staying on top of their mortgage commitments, thanks to the strong housing market and low interest rates. According to ratings agency Fitch’s Dinkum RMBS Index, mortgage arrears remained stable in the second quarter of 2014 due to the intense competition in the mortgage market keeping interest rates at rock […]

Big bank customer satisfaction competition narrows – Australian Broker Online

The competition for top spot in customer satisfaction rating among the major banks is narrowing, new research has shown. The latest Roy Morgan Research banking customer satisfaction survey has seen Commonwealth Bank retain its top spot among the majors for customer satisfaction at 81.5%. But Westpac has narrowed CBA’s  lead, ranking 80.2% for customer satisfaction. […]