Mint piles on the expenses in pursuit of growth 07 August 2015 4:08PM Mobile payments company Mint Payments has pulled off the feat of almost doubling revenue for the year to June, while increasing its loss by more than ten per cent. read more
More cautious mortgage lending a dampener for Genworth 06 August 2015 4:27PM A reduction in the number of mortgages written at high loan-to-valuation ratios in recent times has put a brake on the business of Australia's leading lenders mortgage insurer Genworth. read more
OzForex unveils new name, 'nuanced' strategy 06 August 2015 4:25PM Foreign exchange company OzForex has a new chief executive and, as of yesterday, a new brand and a newish business strategy. It has changed its name to OFX. read more
Westpac cuts off payday lenders 05 August 2015 3:52PM Westpac will stop lending to payday lenders, the bank announced yesterday. read more
Consumer lending drives Credit Corp's earnings growth 05 August 2015 3:50PM Credit Corp's lending division was the driver of the company's earnings growth in the past 12 months, turning around a loss of A$3.5 million in 2013/14 to report a pre-tax profit of $1.4 million in th.. read more
ACCC puts comparison sites and their suppliers on notice 05 August 2015 3:49PM Comparison sites are on notice that the consumer watchdog is on the lookout for operators that fail to disclose their commercial relationships, disguise sponsored product recommendations and otherwise.. read more
Fixed mortgage rates on the way up 05 August 2015 3:47PM Investor housing finance rates are not the only interest rates going up. Lenders have been putting up their fixed mortgage rates over the past month. read more
Household deposits in decline 04 August 2015 3:58PM Depositors are growing tired of earning two or three per cent on their deposits and are taking their money out of savings accounts. read more
No fire sale of AOFM RMBS 04 August 2015 3:57PM The Australian Office of Financial Management will not conduct a fire sale to meet the Government's deadline for divestment of its holdings of residential mortgage-backed securities. read more
HSBC Bank Australia produces a lacklustre effort 04 August 2015 3:56PM HSBC Bank Australia contributed US$206 million of pre-tax profit to HSBC plc group earnings in the six months to June. read more