• Contact
  • Feedback
Banking Day
Stay Ahead. Stay Informed.
Concise. Candid. Provocative.
Get the daily banking news that matters
Banking Day – Your trusted source for independent financial insights.
Subscribe Now
  • News
  • Topics
    • All Topics
    • Briefs
    • Major Banks
    • Authorised deposit-taking institutions
    • Insurance, funds and super
    • Payments, mobile & wallets
    • Consumer lending
    • Mortgages
    • Business lending
    • Finance regulation
    • Debt capital markets
    • Ratings agencies
    • Equity capital markets
    • Professional services
    • Work & career
    • Foreign news
    • Other topics
  • Free Trial
  • Subscribe
  • Resources
    • Industry events
  • About us
    • About Banking Day
    • Advertise
    • Feedback
    • Contact Banking Day
  • Search
  • Login
  • My account
    • Account settings
    • User Admin
    • Logout

Login or request a free trial

Bouris nuts out YBR exit options

09 October 2017 4:58PM
Yellow Brick Road "has attracted the attention of an offshore-based suitor", as well as a local financial upstart, the Financial Review reports in its Street Talk column.Street Talk says "preparations are in the early stages and sources said the suitor had not yet locked down funding or made an approach to Yellow Brick Road's board."It adds: "the interested party has been approaching local stockbroking firms and potential funders about a tilt," naming Blue Ocean Equities, and Apollo Global Management as being "among those approached to get involved in a potential move on Yellow Brick Road. 'The local party reported to be taking an interest is Squirrel.After years of losses since start-up, YBR produced a net profit of A$1 million in the year to June 2017, which compares with a loss of $9.5 million in the year to June 2016. The underlying loan book increased to $44 billion, split between its own YBR brand and the Vow business acquired two years ago.

I'm a returning subscriber

*
Password reset *
Login

Request a free trial

  • Emailing you the news at 7am.
  • Covering core lending and funding issues, strategy, payments, regulation, risk management, IT, marketing and more.
  • Original news and summaries of major stories from other media – ditch your newspaper subscriptions.
  • Focused on banking and finance, saving you the time spent wading through newspapers and other services.
  • With reporting from former editors and senior writers from the AFR and The Australian.
  • Configured for your phone, laptop and PC.
Free trial Banking Day
Stay Ahead. Stay Informed.
Concise. Candid. Provocative.
Get the daily banking news that matters
Banking Day – Your trusted source for independent financial insights.
Subscribe Now

Consumer lending

  • Latitude, Harvey Norman liable for interest free GO card con

Copyright © WorkDay Media 2003-2025.

Banking Day is a WorkDay Media publication

WorkDay Media Unit Trust

  • Privacy policy
  • Terms of access and use