Margin fall manageable for bankmecu 05 September 2012 4:40PM Mecu Limited offset a 20 basis point decline in its interest margin over the year to June 2012 to report a net profit of A$27.0 million, only $500,000 lower than the year before. read more
Emerchants grows too slowly for vendors 04 September 2012 4:42PM The vendor of the Emerchants pre-paid cards business failed to earn any contingent payment for a second year in a row in the 2012 financial year. Adept Solutions, the new owner of the business, fail.. read more
Tax benefit props up EzeATM 04 September 2012 4:40PM A tax benefit of A$1.1 million accounted for two-thirds of the $1.6 million reported profit of EzeATM in the year to June 2012. The pre-tax profit for the business was $420,000. read more
No ATM profits for GRG 04 September 2012 4:37PM ATM operator GRG broke even on its automatic teller machine operations in Australia in the year to June 2012 but reported a loss on its international business. read more
Fewer and simple regulatory ratios floated by BoE's Haldane 03 September 2012 4:57PM The complexity of Basel III and other regulatory responses to the global financial crisis may be misplaced, Andy Haldane, director of financial stability at the Bank of England, argued in a paper de.. read more
Silver Chef selling bonds 03 September 2012 4:56PM Investors in an unrated bond being marketed by small business equipment financier Silver Chef will diversify the firm's funding away from long-term banker, Commonwealth Bank. read more
LA mansion visit divides banks and broker 31 August 2012 5:17PM A soirée at the Playboy Mansion in Los Angeles this week for gun brokers affiliated to the Australian Finance Group has become a talking point in the industry. read more
RMBS value for small banks 31 August 2012 5:16PM Suncorp Bank yesterday finalised terms for the sale of A$1 billion in mortgage-backed securities, a deal noteworthy for the limited participation of the Australian Office of Financial Management. read more
People's a choice brand in target market 31 August 2012 5:13PM The rebranding of two credit unions in South Australia as People's Choice is producing intangible, though not yet financial, benefits. read more
Sticky deposits support MyState earnings 30 August 2012 4:47PM Hobart-based MyState Limited is making progress with its newly acquired banking subsidiary in Rockhampton, but reporting static data on its trustee and asset management arm in Tasmania. read more