Australian banks well placed for challenges

Australian banks are well positioned to meet the challenges from a period of economic transition in the coming 12 to 18 months, as the investment boom in the resources sector moderates and the decli.. read more

Thorn lifts 2013-14 half-year performance

The ongoing diversification strategy to become a broader-based provider of alternative financial services outlined previously by the Thorn Group has met with some success in 2013. read more

GSI Rescue Group withdraws from active service

The GSI Rescue Group has withdrawn from its attempt to recapitalise the non-bank financial institution Gippsland Secured Investments. A group of Gippsland business leaders had hoped to recapitalise t.. read more

Australia has new 20-year bond

The Australian Office of Financial Management has issued, via syndication, A$5.9 billion of a new 4.5 per cent 21 April 2033 Treasury bond. read more

FirstMac's QSHL waits for Columbus

Queensland State Home Loans and Columbus Capital are due to lock horns again later this month in the NSW Supreme Court over an agreement governing the management rights of a portfolio of mortgages. read more

High cost of Westpac's IT rebuild

Westpac may be left scrambling to meet the Reserve Bank's timetable for real-time banking services. This is one conclusion that can be drawn from a presentation made by the group's senior executives.. read more

Mortgage arrears rates edge downwards

Ratings agency Moody's Investors Service says the rate of delinquencies in excess of 30 days for Australian prime residential mortgages was 1.35 per cent in August. This was less than the 1.39 per c.. read more