Increase in debt agreements a mixed blessing 10 July 2013 4:46PM Personal insolvency activity fell in the year to June 2013, after a flat year in 2011/12. According to figures released by Insolvency and Trustee Service Australia yesterday, there were 30,822 perso.. read more
Scottish Pacific tackles trade finance 10 July 2013 4:44PM The chief executive of debtor finance company Scottish Pacific, Peter Langham, expects a seamless transition as ownership of the company changes. Private equity investor Next Capital, which has boug.. read more
RHG board recommends offer 09 July 2013 4:51PM The board of RHG has recommended that shareholders accept an offer for all the shares in the company from a syndicate made up of lender Resimac Ltd and the Australian Mortgage Acquisition Company. read more
Court rules for security-holder over title-holder in PPSA case 09 July 2013 4:46PM A Queensland construction company has lost two large vehicles to the creditors of a company to which it was leasing the vehicles. The fate of the vehicles was decided by a judge in the Supreme Court.. read more
Bendigo and Adelaide bets on margin lending recovery 09 July 2013 4:43PM Betting on a margin lending recovery, Bendigo and Adelaide Bank has launched an investments program for its subsidiary, Leveraged Equities. read more
Next Capital buys Scottish Pacific 09 July 2013 4:39PM Debtor finance company Scottish Pacific has changed hands. Lazard Australia Private Equity has sold it to another private equity firm, Next Capital. read more
Cross-sell is the key to business banking profitability 08 July 2013 4:27PM ANZ has the most successful product penetration strategy in the business banking market of the major banks, according to a report by Macquarie Securities and East & Partners. read more
Big banks are under-achievers in superannuation cross-sell 08 July 2013 4:23PM ANZ chief executive Mike Smith has previously commented that the bank is "underweight" in wealth management. This weakness has now shown up in a survey asking customers of the Big Four banks whether t.. read more
Hard to get the funding balance right, central bankers warn 05 July 2013 4:25PM Bankers attending yesterday's Global Financial Stability Conference in Sydney would have been left scratching their heads about what they need to do improve the stability of their funding. Central b.. read more
A post-election financial system inquiry? Bring it on, says RBA 05 July 2013 4:23PM A full-scale financial system review would be a useful exercise, says Reserve Bank deputy governor Philip Lowe. read more