Short-term fix for Credit Corp 18 February 2009 6:19PM Debt collection company Credit Corp is limiting its purchase of debt ledgers, lifting its productivity and paying down debt. It may have to create more headroom to become a buyer of ledgers once more,.. read more
Westpac strife lessens, but still annoys 18 February 2009 6:18PM The operational problems at Westpac's home loan centre in Adelaide may be improving, but they are still creating headaches for the bank. read more
Bank charges will have to reflect costs 18 February 2009 6:17PM There may be a clamp of sorts, or at least a notional legal restriction, on the typically open-ended language in contracts for banking services that allow the supplier to recover costs incurred. read more
Not all clear at Bendigo and Adelaide 17 February 2009 5:57PM Reports of Bendigo and Adelaide Bank's December half results varied markedly yesterday, with some news outlets reporting a big fall in earnings, while others reported a solid increase. The bank put ou.. read more
Less third-party delegation at Bendigo 17 February 2009 5:55PM Changes are under way in the wholesale, or third-party, or what's now formally known as the "partner advised banking" division of Bendigo and Adelaide Bank. The key theme is more direct control by the.. read more
Challenger maintains mortgage earnings 17 February 2009 5:54PM A restoration of margins on a declining lending portfolio and increased revenues from an expanded group of mortgage broking platforms enabled Challenger to maintain earnings on its mortgage management.. read more
F&P Finance seeks to double capital 17 February 2009 5:52PM Fisher & Paykel Appliances Holdings Ltd yesterday warned the market that the business may soon need to sell new shares and raise capital, mainly to ensure viability of the whitegoods' maker at a time.. read more
HID action a nuisance for Keycorp 17 February 2009 5:51PM A frustrated tyre-kicker in last year's sale of Keycorp's smart card business is skirmishing with the company in the Federal Court in a bid to work up an action for misleading conduct. read more
Customers counting down to ATM fee switch 17 February 2009 5:51PM The elevated debt load on automatic teller machine operator Customers Limited continues to be a drag on earnings, though cost cuts mean the firm is finally in the black on an EBIT basis. read more
ProVic affiliates flagging 13 February 2009 5:39PM South Eastern Secured Investments, a Gippsland-based rural finance company, has hit the wall, with the appointment during the week of receivers and managers. At least one nearby finance firm, Gippslan.. read more