Latest news (24,887 items)

Building societies on recovery path

Building societies are making better profits while credit unions are just maintaining profit leaves, APRA's latest statistical analysis of the sector shows. read more

Large credit unions thrive, minnows struggle

Credit unions maintained a return on assets last year at 0.6 per cent, broadly consistent with the last three years but well down on returns of about one per cent recorded in the mid 1990s but then credit unions paid no income tax back then, and now they do. read more

Non conforming loan sector flowers

The non conforming home loan market is roaring. Standard & Poor's recorded mortgage backed bond issues worth $1.3 billion in 2002, five times the level of 2001, and likely to accelerate this year. read more

Mortgage lenders pocket profits

Investors taking a punt by investing in the subordinated tranches of bonds backed by non conforming loans are finding the risk is worth the reward. read more

AMS manages $8.6 billion

Also from S&P research, Australian Mortgage Securities has emerged as one of the biggest mortgage funders in Australia. read more

CFOs prime cards target

CFOs are so busy looking after their employer's finances, they don't take much time to look after their personal financial affairs. A survey of CFOs at the top 500 companies by East & Partners and JP Morgan found that 28 per cent pay down their personal credit card balance in full each month, compared with 65 per cent of households generally (based on Visa research). read more

Bond revival rescues SFE

SFE might be worth a look, with reason to expect that the supply of governments bonds will be soon be booming. read more

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