- REDS, Pepper on a roll
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17 August 2010 6:43amSeven hundred and fifty million dollars in funding for prime home loans for Bank of Queensland and $78 million for Pepper for a pool of non-conforming loans marked a decent Monday for enthusiasts of non-bank financial intermediation. » read more »
- Community bank escapes company tax
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17 August 2010 6:42amSome local businesses operating community bank franchises of Bendigo and Adelaide Bank may not have to pay company tax following a successful case brought by the operator of the only local bank in Wentworth, New South Wales. » read more »
- NZ deposit rates begin to shift
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17 August 2010 6:41amThe Reserve Bank of New Zealand’s hike in the official cash rate is finally making an impact on deposit rates, with some banks making an upward adjustment to short-term rates. » read more »
- Don’t extend Credit Code to small business says MFAA
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17 August 2010 6:40amThe Mortgage & Finance Association of Australia has attacked a Treasury proposal to extend the protection available to consumers under the National Credit Act and the National Consumer Credit Code to small business. » read more »
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Impairments forecast doubles for PGC
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17 August 2010 6:40amPyne Gould Corp’s asset impairment expenses in the year ended June 2010 are expected to be more than double the amount initially forecast. » read more »
- Clamp on card offers proposed
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16 August 2010 6:45amPre-approved increases in limits on credit cards will be made illegal by mid 2012 if a returned Labor government adopts a banking policy announced yesterday. » read more »
- ABA ups defence of bank profits
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16 August 2010 6:43amWith increased bank profitability expected to attract new attacks on the banks over coming weeks, the Australian Bankers Association is upping its defence of the industry’s conduct. » read more »
- Talent turns critic of Westpac
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16 August 2010 6:42amA disgruntled Westpac customer who used to feature in advertisements for the bank’s business banking services is planning some ads of his own to publicise his discontent with the bank’s throttling of his game company’s export finance facilities. » read more »
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Liquidity fragile for Allied after writedown
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16 August 2010 6:41amA sharp writedown in the value of Hanover and United assets has cast doubts over the fate of a big chunk of borrowings by Allied Farmers Group, a New Zealand rural services and finance company. The writedown also raises questions over the capital Allied indicated it would provide to its finance subsidiary Allied Nationwide. » read more »
- Asset quality worsens at PGG Wrightson Finance
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16 August 2010 6:41amAsset quality of PGG Wrightson Finance deteriorated sharply in the latest year, with the New Zealand finance company reporting more than a doubling of impaired and past due assets. » read more »
- Greenstone spruiks investment grading
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16 August 2010 6:40amGreenstone Energy is marketing NZ$100 million of bonds through a retail offer that commenced on Friday. It is the first public debt offering from a business that acquired the retail and distribution business of Shell in New Zealand in April. » read more »
