This Month
- Opinion
- Chanticleer
McCann’s first trick at Star is to buy time, next he needs performance
Star Entertainment’s board hired Steve McCann for his deal nous. He had to call on it sooner than we all expected.
- Anthony Macdonald
August
- Exclusive
- Credit crunch
Melbourne private capital firm lands in ASIC’s line of sight
Oak Capital describes itself as a “mid-tier” non-bank lender and specialises in real estate financing. The regulator has stepped up it scrutiny of the sector.
- Primrose Riordan and Aaron Weinman
Overdue loans swamp private credit giant lending to Sydney’s wealthy
The local lender has previously written loans for some of Sydney’s most colourful businessmen. Growing arrears aren’t always made clear to its investors.
- Primrose Riordan, Aaron Weinman and Jonathan Shapiro
- Opinion
- Chanticleer
Euro summer madness is making markets look extreme
It’s easy to forget what day-to-day life looks like on the other side of the world at the moment. But it is an important part of the market sell-off story.
- Anthony Macdonald
July
Trim mortgage ‘risk weights’ to help first home buyers: Barrenjoey
Barrenjoey called on APRA to allow banks to reduce mortgage “risk weightings” for first-time borrowers and for ASIC to drop HECS debt from responsible lending.
- James Eyers
Booming Cash Converters revenues point to squeeze on the poor
The ASX-listed pawnbroker told investors the increase was partly tied to “mainstream finance” being “more difficult to access” for many of its customers.
- James Eyers
This private credit fund is going big on companies failing ESG tests
Balmain Corporation said it had considered calling the strategy a “Vulture Series” – but decided naming it after a different bird of prey was more appropriate.
- Primrose Riordan
Beaconsfield says Keystone demands forced receiver appointment for NQH
The US investment manager says it was forced to appoint receivers after Keystone Asset Management demanded immediate repayment of a $15 million unsecured loan.
- Max Mason
‘Wholly inadequate’: Non-bank lender pinged by new rules
Firstmac has become the first financial outfit pinged by new regulations designed to ensure suitable products are promoted to customers.
- Max Mason
June
Lending rules ‘locking out’ house buyers: ANZ CEO
The banks have become increasingly strident in their criticism of lending rules, warning it is preventing access to home loans except for the wealthy.
- James Eyers
CBA has fighting words as it prepares to get one back at Macquarie
Commonwealth Bank’s move to chase $20 billion in real estate agents’ bank accounts seems bitsy, until you realise who it is going after.
- Anthony Macdonald
Afterpay says Treasury has overreached on BNPL regulation
Consumer groups, banks and even the corporate regulator say they also have concerns about Labor’s proposed laws to regulate buy now, pay later as credit.
- James Eyers
May
- Opinion
- Chanticleer
KKR partner’s simple reason why private credit is running hot
From David Di Pilla’s HMC Capital to Pengana’s newly listed trust, private credit is everywhere you look. A 20-year industry veteran helps us understand why.
- Anthony Macdonald
You’re no Afterpay: judge finds payday loans breached law
The findings against the lending scheme, which involved a former Super Rugby player, came despite claims of similarity to buy now, pay later operations.
- Updated
- Liam Walsh
Four listed fintechs say they’ll be smashed by credit report rules
Plenti, MoneyMe, Harmoney and Wisr allege major banks are conspiring against them by restricting access to crucial credit file data they use to price loans.
- James Eyers
Lenders creating ‘unnecessary barriers’ for struggling customers: ASIC
With living costs high, ASIC chairman Joe Longo has issued a stern report on bank hardship policies. ABA chief Anna Bligh says processes are being improved.
- James Eyers
Westpac CEO wants super on a level playing field
The bank boss said comments by Apollo Capital Management should force an urgent rethink on regulatory rules for super funds.
- James Eyers
April
Loosen rules so banks can write more home loans: Liberal MP
Liberal Andrew Bragg has endorsed a call by bankers to relax home loan regulations to make it easier for first home buyers to enter the housing market.
- John Kehoe
- Opinion
- Chanticleer
The solution to the bank lending pull-back may be in the mirror
Simple bank loans are becoming like luxury goods as regulators step in. The $1 trillion private capital giant Apollo thinks you can be part of the solution.
- James Thomson
Borrowers agitating for better mortgage deals are saving $2000 a year
New data shows lenders are willing to slice an existing mortgage rate by 0.46 percentage points, on average, when a customer negotiates on price.
- James Eyers
