Investment Opportunities

Hybrid market springs to life

Hot on the heels of Macquarie Bank’s hybrid issue, National Australia Bank has launched an issue of capital notes, aiming to raise $750 million of capital with an offer of securities paying a margin of 2.95 to 3.15 per cent…

Dementia’s growing impact on estate disputes

Warwick Croft died in January 2016, aged 85. He had six daughters. His wife June died three years before him. They had separate wills and there was a dispute over Warwick Croft’s will, which focused on his mental capacity at…

Macquarie hybrid rated ‘subscribe’

Fixed income researcher BondAdviser has rated Macquarie Bank’s new hybrid issue “subscribe”, citing Macquarie’s financial strength and operational outlook and forecasting that there would not be a lot of “supply-side” pressure on trading margins this year. Macquarie Bank will pay…

Mortgage borrowing capacity is up

In its half-year financial report last week, Commonwealth Bank provided an update on its home loan assessment process. Overall, borrowing capacity is up. Since 2014 there have been a series of rule change that have required lenders to tighten serviceability…

Early release of super may impact life cover

People planning to apply for early access to their superannuation to deal with severe financial hardship or serious medical problems need to consider the impact early release might have on their insurance cover. Early release may mean losing the right…

Westpac class action launched over money laundering issue

Austrac’s proceedings in the Federal Court against Westpac over alleged breahes of anti-money laundering law have not progressed since the regulator took the matter to court last November but the first shareholder class action over the issue had been filed.…

CBA partners with buy now pay later specialist

Commonwealth Bank customers will be amongst the first shoppers to access to Swedish buy now pay later (BNPL) service, Klarna, as they launch their partnership in Australia. CBA’s 5.6 million CommBank app users can access Klarna through the mobile banking…

Why financial advice should be part of your self-care

Financial security is a vital aspect of an individual’s overall wellbeing, with positive impacts on mental health, according to new research. Fidelity International’s latest report in conjunction with CoreData, The Value of Advice, reveals more than half of respondents consider…

More lenders drop home loan rates below 3 per cent

Several lenders announced cuts to their home loan rates last week, with the number of lenders offering rates below 3 per cent growing. ANZ cut home loan and deposit rates. On the home loan front, for borrowers with loan-to-valuation ratios…

CBA and NAB in latest bank class actions

Class actions against banks and other financial institutions prompted by the Hayne royal commission continue to hit the courts. Last week it was NAB and Commonwealth Bank in the firing line. On Friday, Shine Lawyers announced that it had launched…