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A feature of the Pepper Homeloans purchase of GE Capital's back book is the identity of, and the number of, investors in the subordinated and equity tranches of the funding. read more

Lloyds Banking Group is progressing with the forced sale of 600 branches, selecting a chief executive, Peter Pester, for the business being sold. read more

One monitor of demand for finance among smaller businesses is showing a rise in demand, particularly among micro businesses. read more

National Australia Bank has clarified the revised pricing on the home loan product offered through its UBank brand. The variable rate is now 6.79 per cent. read more

Melbourne credit union mecu has continued to accumulate shares in MyState Limited and this week reached the five per cent mark, resulting in a disclosure by the buyer to the ASX. read more

National Australia Bank yesterday confirmed it had made a provision of £100 million to cover the mis-selling of consumer credit insurance in the UK by Clydesdale Bank. read more

The business plans of mercantile agency Credit Corp are working out better than expected. The firm said yesterday that net profit for the 10 months to April 2011 was A$17.9 million, up 58 per cent o.. read more

A more crowded ATM market, the rising popularity of cash-out at Eftpos and subdued consumer confidence are all working to trim the sails of Customers Limited, the largest owner of automatic teller m.. read more

All four major Australian banks had their credit rating on long term debt lowered to Aa2 from Aa1 by Moody's Investors Service, with the outlook revised from negative to stable. read more

Among the reasons highlighted by Moody's Investors Service for lowering the credit rating of big banks in Australia to Aa2 was an analysis of their likely demand for offshore debt over the coming ye.. read more