Latest news (24,873 items)

Virgin grabs interchange, interest revenues

In Britain, where MBNA issues the card for Virgin Money, Virgin is understood to take a share of interchange and a share of net interest revenue for the benefit of letting the card issuer exploit the red brand. read more

Macquarie Bank in reverse

Macquarie Bank's profit dropped sharply in the half year to March 2003 look beyond newpaper headlines about the big leap in profit, which refers to the half year 12 months before. read more

Bond sales maintained

The news from yesterday's budget is that the Federal Government will maintain bond sales at between $2 billion and $3 billion a year, for the sake of the liquidity of the bond market, and invest the proceeds in term deposits with the Reserve Bank. read more

Macquarie Bank in reverse

Macquarie Bank's profit dropped sharply in the half year to March 2003 look beyond newpaper headlines about the big leap in profit, which refers to the half year 12 months before. read more

Bond sales maintained

The news from yesterday's budget is that the Federal Government will maintain bond sales at between $2 billion and $3 billion a year, for the sake of the liquidity of the bond market, and invest the proceeds in term deposits with the Reserve Bank. read more

GE Capital deep in the red

GE Capital Finance Australasia fell into the red in 2002, with its consumer finance business recording steep losses. The business is the one of the main operating entities for the GE Capital group in Australia, and the entity used to purchase Australian Guarantee Corp from Westpac in May 2002. read more

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