Westpac lifts hybrid to $700m 27 February 2009 5:39PM Westpac yesterday finalised pricing for its sale of hybrid securities, and succeeded in selling more than planned and setting an interest rate toward the low end of its target range. read more
Years later, AFD fined over hold backs 27 February 2009 5:29PM The Victorian Civil and Administrative Tribunal ordered Australian Finance Direct to pay a fine of $100,000 after breaching the consumer credit code. AFD agreed to the fine. read more
Little lending at The Rock 26 February 2009 5:48PM The Rock Building Society ran down its loan book by six per cent over the year to December 2008, to $1.1 billion, as the the Rockhampton-based lender adjusts to the credit crunch and subsequent downtu.. read more
Slump strikes earnings for Wilson HTM 26 February 2009 5:47PM The capital markets or investment banking business of Wilson HTM Investment Group suffered a slump in revenues of more than 50 per cent in the half year to December 2008 and compared with a year befor.. read more
ANZ underwrites some losses on retail CDO funds 26 February 2009 5:39PM ANZ looks like wearing some losses from having to partly bail out a market-linked fund in New Zealand managed by its funds management joint venture with ING. read more
Homeloans lifts profit on less lending 26 February 2009 5:35PM Homeloans Limited, a listed mortgage manager, yesterday reported higher earnings in spite of running down its mortgage book. Profit increased 15 per cent to $2.6 million while the mortgages under mana.. read more
RHG milks the back book 26 February 2009 5:34PM RHG Limited is extracting a hefty profit from its back book, reporting a profit of $69 million for the half year to December 2008. read more
Fire aid flows freely 25 February 2009 5:06PM The Victorian fires, now 18 days distant, provide a chance to view insurance and financial relief in action. Most banks and insurers responded efficiently to the crisis, deploying staff, systems and c.. read more
Aid ranks bank brands 25 February 2009 5:05PM The cash collected in aid for the Victorian fire appeals provides one measure of the public regard for bank brands. read more
Collections again a cash business 25 February 2009 5:03PM There is plenty of debt on the market at present, a trend working for any business, such as Collection House , chasing unpaid loans. read more