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Members Equity Bank still retains ambitions to provide an effective alternative to the big banks, with the board seeking to adapt the strategy and aiming to fund as much as half its lending from retai.. read more

One business goal forced on Members Equity Bank by the advent of the credit crunch is to generate its own capacity to raise deposits. read more

HBOS Australia reported an underlying profit of $402 million in the year to December 2008, down 49 per cent on 2007, financial statements filed with ASIC show. read more

GMAC and GE Money look likely to steer a portion of their remaining funding for car and truck dealers through the financing trust supported by the Australian government. read more

Ford Credit has persuaded the Australian government to guarantee up to $550 million of lending to support the short-term trading position of the car maker's financing operations in Australia. read more

ING reported a loss of €30 million for the March 2009 quarter for its Australian insurance business, thanks to ING's having to tip in €50 million to compensate investors in the ING Diversified Yie.. read more

Lending losses actually fell at Westpac Banking Corp over the six months to March 2009, even though impaired assets climbed drastically, the quarterly "pillar 3" disclosure documents published by the.. read more

Home loan funders, and especially major banks, received a further boost to demand from the Australian government's 2009/10 budget, published last night. The government decided to extend the "boost" to.. read more

The Australian government's budget papers do not include an estimate for the fees likely to be generated from banks making use of the guarantee on wholesale and retail liabilities. read more

This time last year Australia's Treasury imagined that the funding task for the Australian Office of Financial Management would be one of care and maintenance. The plan, then, was tinkering with and a.. read more