Briefs: Dark clouds at CSC, NZ loan growth picks up, first Chinese language mortgage comparison site

Banking Day staff
  • Allegations made by New South Wales Police that bribes were paid by the founder of ServiceMesh to two Commonwealth Bank IT executives to award it lucrative contracts continue to be felt by CSC, the global technology firm that acquired the cloud computing start-up in 2013. Yesterday, CSC confirmed that Eric Pulier, the former head of ServiceMesh and current head of strategy for CSC's emerging business group, has been suspended from the company while CSC conducts an investigation into events involving Pulier and his charity, the ACE Foundation.
  • Reserve Bank of New Zealand released monthly lending growth figures showing a slight increase in lending across farming, business and household categories. Agriculture lending growth picked up to an annual rate of five per cent in February from 4.9 per cent in January, while business lending growth rose to 4.7 per cent from 3.9 per cent, and household lending growth rose to 4.9 per cent from 4.8 per cent.
  • The first Australian mortgage comparison site in Chinese was launched yesterday by mortgage broker N1Finance.The site, www.chengdai.com.au , offers rate comparisons for more than 30 lenders. The website estimates to attract 400 unique visitors per month but is expects to grow quickly with approximately one million people from a Chinese heritage residing in Australia.