Westpac lifts hybrid to $700m

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

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

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

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

Homeloans lifts profit on less lending

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

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

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

The cash collected in aid for the Victorian fire appeals provides one measure of the public regard for bank brands. read more