Fixed income management attracts Macquarie

Macquarie Group yesterday said it agreed to pay US$428 million to buy Delaware Investments from Lincoln Financial Group in the US, an insurance and asset management company. Delaware largely manages f.. read more

The Mambo tango

Banks have begun to cooperate once again on a project to develop an upgraded, direct credit payments service. read more

Trio join Eftpos board

Three independent directors will join the board of Eftpos Payments Limited, the special purpose company established to revitalise the quarter century old debit payment network. read more

Creditable year for Credit Corp

Credit Corp has met or surpassed all its targets for the June 2009 financial year, and while there won't be any bonanza from chasing the rising ranks of delinquent debtors, the debt collection special.. read more

White-label lenders look to NAB

If NAB aims to address its underweight position in the mortgage market by buying the competing business from Challenger, it will be the white-label division and not the mortgage broking arm that the b.. read more

Challenger sells mortgage business to NAB

National Australia Bank, historically, considered the broking channel largely incompatible with its own business model - too hard to work with, too unprofitable and too much trouble to rate an area fo.. read more

NAB irrelevant in broker channel

You can say one thing about Choice Aggregation Services, PLAN Australia and FAST: like other mortgage brokers they don't sell NAB home loans. Or infrequently, at least. read more