Fixed income management attracts Macquarie 20 August 2009 4:47PM 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
MasterCard and Visa negotiate undertaking with PSB 20 August 2009 4:44PM The Payments System Board may be on the verge of dropping most, and perhaps all, of its regulations governing credit cards and scheme debit. read more
The Mambo tango 20 August 2009 4:41PM Banks have begun to cooperate once again on a project to develop an upgraded, direct credit payments service. read more
Trio join Eftpos board 20 August 2009 4:39PM 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
Members clear MyState demutualisation 19 August 2009 4:58PM MyState Financial will demutualise with support from 84 per cent of members voting at a special meeting of the credit union in Hobart yesterday. read more
Creditable year for Credit Corp 19 August 2009 4:38PM 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
Captive insurer retards Wide Bay profit 19 August 2009 4:36PM The captive lenders mortgage insurance subsidiary of Wide Bay Australia will be a drag on profit for the Bundaberg-based lender, the company said yesterday. read more
White-label lenders look to NAB 19 August 2009 3:52PM 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 18 August 2009 4:50PM 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 18 August 2009 4:38PM 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