Latest news (24,984 items)

Bad debts drag down Toyota Finance

The full financials for Toyota Finance Australia shows that credit quality is a headache for the financing arm of one of the country's three largest motor vehicle vendors (and manufacturer). Toyota achieved an increased share of motor vehicle sales over 2002 and early 2003, with the car maker's market share increasing from 18.5 per cent in 2001, to 20.8 per cent in the first quarter of 2003. read more

St George treads water in consumer market

If its not too late to point some data used by managing director Gail Kelly in her presentation at a Deutsche Bank conference in London nearly two weeks ago, St George Bank is, or was, spending much its energy treading water: read more

ANZ, CBA dominate volumes at AFG

ANZ and Commonwealth Bank are collecting the largest shares of new home loan business from Australian Finance Group, an "aggregator" that coordinates the mortgage sales of more than a thousand lesser known brokers. read more

Middle market drives business banking

The latest quarterly survey of the business banking habits of companies in the corporate market and middle market from East & Partners and JP Morgan, published yesterday, reinforces the trends reported from the March 2003 survey, which are that: read more

Westpac, National share image problem

Among the top 500 companies, Commonwealth Bank is the winner from the latest East/JP Morgan research on the measure of which bank is "the primary transaction banker" as of May 2003, gaining some market share at a time when their competitors mostly lost a minor amount of share: read more

CFOs embrace the bubble

Financial managers of business by choice or through disorganisation are devotees of debt on the home front, even if not on the work front. read more

APIF profit improves for BankWest

Bank of Western Australia's recently acquired specialist finance company, API Finance, lifted its profit in the last year, but is still earning below average return for the sector. The details are extracted from the full year report for the vendor, Australian Pharmaceutical Industries, published yesterday. read more

The Rock relies on low doc loans

The Rock Building Society is losing some traction in the home loan market. The bank, based in the Queensland city of Rockhampton, said it approved $160 million in new home loans in the half year to June 2003, which is down from $165 million in the half year to December, and also down from $169 million in the half year to June 2002. read more

Interstar lends, no questions asked

Interstar is securing its reputation as perhaps the most aggressive lender among those that operate within the "prime" mortgage segment. The information memorandum issued in connection with the sale of US$625 million in mortgage backed bonds into the US market shows that 36 per cent of the loan pool is low doc, one slice of which may delve down in the direction of sub prime terrain. read more

Allco, Record eye Interstar

Interstar may soon have a new owner, once Zurich Capital Markets, which controls an option to take ownership of Zurich, is formally placed on the market. read more

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