Aladdin buying Pepper

Pepper Homeloans may be sold to Aladdin Capital, a US-based private equity investor that specialises in credit-related businesses. read more

Minor tax cut on deposit interest

Interest paid on low value bank deposits and comparable savings will be subject to a reduced rate of tax from July 2011, the Australian government said last night. The measure was announced in the b.. read more

Westpac and CBA profits almost normal

Comparing bank profits, even with relatively neutral measures such as return on equity, can be a bit of a minefield taking into account changes in accounting practice, shifts in classification of su.. read more

Commercial property lending still restricted

Westpac said it has cut commercial property lending, as a proportion of its portfolio, by three percentage points over 12 months, with this industry sector now representing 9.6 per cent of all lendi.. read more

HP tackles switching

HP will tackle Australia's increasingly crowded market for the supply of switching services to banks, with plans to introduce the service next year. read more

Caliburn financials disclosed

Full financials for Caliburn Partnership, the corporate advisory firm recently sold to the US-listed Greenhill Inc, have emerged through filings this week by Greenhill with the Securities and Exchan.. read more