ATM cash-cow misfires

Automatic teller machine operator GRG International sold A$2.4 million worth of ATMs over the June 2012 quarter, but failed to generate any operating cash flows from a fast-growing base of installed.. read more

Hurdles lowered for Clearnet

Any firm seeking to break into the business of clearing of securities and derivatives will more easily be able to seek an exchange settlement account with the RBA under new guidelines released yest.. read more

Banking exclusion zones well known

Research paid for, in part, by NAB and undertaken by the Centre for Social Impact provides a portrait of access or otherwise to banking services, so may provide some of the data the Minister for Fi.. read more

Macquarie maintains course

Macquarie Group's cost-cutting efforts are continuing to chip away at the financier's expense base and provide a prop to its otherwise lacklustre profits. read more

Importers receive more US loan aid

The Export-Import Bank of the United States continues to lift its level of direct lending to specialist US manufacturing concerns seeking access to low cost finance to support contracts to supply Au.. read more

Leasing scams earn their day in court

A number of finance companies and banks that provided questionable leases and loans for  technology equipment may find the courts willing to nullify contracts on the grounds of unconscionable c.. read more

Court doubted integrity of Provident Capital

There was "considerable doubt" over Provident Capital's "integrity to obtain, manage or hold money from the public" a Federal Court ruled in a judgement delivered verbally three weeks ago but only p.. read more

NAB profits at expense of CLS Bank

National Australia Bank may finally earn a return on a speculative, 17-year old investment in a technology company, if a decision by the US Court of Appeals stands. read more