It is now possible to get instant approval for a payday loan if you have a valid checking account. As the mechanics of the banking system have evolved and become more sophisticated, short-term lenders who provide for the cash needs of borrowers between paychecks have kept pace. With these developments,...

Bank of Queensland may confirm by Wednesday that it plans to buy the CIT financing and leasing business from the US financier of the same name, the Financial Review reported in its Street Talk column. CIT is supplies vendor finance to Apple and Dell, among others. The firm passed into bankruptcy...

The share of new loans to owner-occupiers and with a loan to valuation ratio of more than 90 per cent fell by more than a third over the last year, the Reserve Bank of Australia reported in its half-yearly Financial Stability Review. Housing loans with an LVR above 90 per cent fell from a peak of...