Latest news (24,764 items)

Suncorp seeks home loan fix

Within retail banking, Suncorp is determined to arrest its declining market share in the home loan market, and so restore asset growth in the home loans to at least system growth. However, managing director John Mulcahy and head of retail banking Mark Blucher did not address the extent to which there was a trade off between the chase for market share and profit growth. read more

Credit card launch next month

Suncorp's management did not single out their plans in the credit card market for special mention, though in response to a question, John Mulcahy said "we do see some growth in that area." He said the bank would launch a credit card next month. read more

Glotec, Metyor fight for control of GTA

Control of banking software provider Global Technology Australasia seems to be up in the air with the alleged vendor of a controlling stake in the company denying that it sold its share. read more

NZ Commerce Commission reviews interchange

New Zealand's Commerce Commission is to undertake a wide ranging examination into credit and debit card interchange in an echo of the detailed reviews of interchange arrangements in Australia. The Commerce Commission will also study the setting of merchant service fees. read more

Suncorp sticks to banking

Suncorp's five year strategy, detailed at an investor presentation yesterday, is basically the same as before, with some minor tweaks on the banking side plus lots of rhetoric pitched at the sceptics in the investment market, especially among the sell-side analysts. Key features include: read more

Suncorp seeks home loan fix

Within retail banking, Suncorp is determined to arrest its declining market share in the home loan market, and so restore asset growth in the home loans to at least system growth. However, managing director John Mulcahy and head of retail banking Mark Blucher did not address the extent to which there was a trade off between the chase for market share and profit growth. read more

Credit card launch next month

Suncorp's management did not single out their plans in the credit card market for special mention, though in response to a question, John Mulcahy said "we do see some growth in that area." He said the bank would launch a credit card next month. read more

Glotec, Metyor fight for control of GTA

Control of banking software provider Global Technology Australasia seems to be up in the air with the alleged vendor of a controlling stake in the company denying that it sold its share. read more

BMW Finance accelerates

The financing arm of luxury car marker BMW increased profit and its share of the finance market in 2002, in spite of disappointing sales of BMW's and related car brands last year. For BMW Finance Australia, the local arm of BMW Bank: read more

Volkswagen loss

The financing arm of Volkswagen in Australia, by contrast, incurred a wider loss in 2002. However, Volkswagen Financial Services Australia incorporated only in mid 2001 and only commenced trading early in 2002. read more

Canon, Fuji lift profit; Toyota in decline

Thanks to KPMG's survey of the results of finance companies, published yesterday, we can report the brief results of some other finance companies this journal hasn't yet seen. read more

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