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Credit Corp’s US debt ledger purchasing business was the company’s strongest segment during the December half, producing revenue growth of 33 per cent and profit growth of 148 per cent in what was oth.. read more

The Australian Office of Financial Management has reactivated its Australian Business Securitisation Fund, putting out an invitation to submit investment proposals. read more

The Australian Small Business and Family Enterprise Ombudsman has put a rocket under the government, urging it to act on a review of the Personal Property Securities Act the Attorney-General has been.. read more

Australian Unity’s mutual capital instrument, the first security of its kind, has been a hit with investors, trading at a premium to its issue price since listing on the ASX last month. read more

Residential mortgages of small business owners are far more likely to be in deferral than the loans of other homeowners, according to new analysis by Equifax. read more

ME Bank’s acting chief executive Adam Crane has been appointed to the role on a full-time basis. read more

Commonwealth Bank is merging its loan broking business Aussie Home Loans with online broker Lendi, in a deal that will see CBA retain 45 per cent of the combined business. read more

Start-up lender Nano hopes to attract the attention of borrowers in an intensely competitive mortgage market with a fully-featured redraw that will provide “a full bank replacement”. read more

Bendigo Bank, IMB, South West Credit Union and Northern Inland Credit Union have advised ASIC that they are terminating their school banking programs. read more

The ACCC has waved through IOOF’s acquisition of NAB’s wealth business, MLC Wealth Management, saying the deal is not likely to substantially lessen competition. read more