Finance profits back on track

Yesterday's national accounts provide another view of the profits of the financial sector, and which, after the interregnum created by the credit shock, are back on track. read more

iCash ATMs stand silent

ATMs operated by iCash Payments are handling only a dozen or so transactions a day, commentary published along with the company's full-year profit, released yesterday, shows. read more

A financial fiasco made in New Zealand

The wholesale help from New Zealand's government for the failed carcass of South Canterbury Finance will, all must hope, prove some sort of end point to a wholly home-grown financial crisis. read more

Business lending still on the slide

Business lending may be in decline but one lender to business is keen to highlight that its market share is on the rise. National Australia Bank, in an email from corporate affairs yesterday, pointe.. read more

PNCS restores margin

Police & Nurses Credit Society put its margins back in order over the last year and reported a 140 per cent rise in profit from 2009. PNCS made a net profit of $23.1 million for the year, and a.. read more

Bank profits not so super

Bank profits in Australia fell five per cent to $17.5 billion in the year to March 2010, the latest overview of the financial performance of the sector published by APRA shows. read more

Debut dividend for Customers

ATM operator Customers Limited yesterday declared its debut dividend of eight cents a share, one of the fruits of the shift in the fee regime that applies to the use of automatic teller machines. read more

Cabcharge losing market share

The emergence of alternative payment mechanisms for the taxi industry may be chipping away at the turnover and profits of Cabcharge, the firm that once held a stranglehold on this service. read more