Collection House targets higher ROE 24 August 2012 3:55PM It's been a good year in the receivables management market. Earlier this month Credit Corp reported a 26 per cent increase in earnings and yesterday Collection House reported that it too had increas.. read more
Suncorp Bank goes for growth 23 August 2012 4:39PM While most banks have responded to the weak demand for credit and high funding costs over the past year by keeping growth targets modest and reining in costs, Suncorp Bank has done the opposite. read more
Suncorp's non-core bank at advanced run-off stage 23 August 2012 4:37PM Suncorp's non-core bank, which consists of an A$18 billion portfolio quarantined from the rest of the bank in 2009, is in an advanced stage of run-off. read more
ThinkSmart in the red 23 August 2012 4:34PM Point of sale finance company ThinkSmart cited lower originations in its Australian rental business and a change in its accounting policy as the main reasons for its loss in the six months to June 2.. read more
IMF has a bumper year 23 August 2012 4:31PM Finalisation of the Centro and Transpacific Industries cases made 2011/12 a bumper year for litigation funder IMF, with the company doubling its income. read more
Richtor has intimate plans for ING Direct 23 August 2012 4:21PM ING Direct's new chief executive Vaughn Richtor believes the bank still has a competitive advantage in the Australian market, even though many other financial institutions have moved onto its turf i.. read more
Firstfolio profit falls 50 per cent 22 August 2012 4:54PM Mortgage company Firstfolio has announced a strategic review of its business in the wake of a 50 per cent fall in earnings. read more
Credit Amendment Bill gives too much power to EDR 22 August 2012 4:52PM The latest change to consumer credit law will give external dispute resolution schemes an inappropriate amount of power to review lenders' decisions in hardship cases, according to a leading banking.. read more
Citibank offers some flexibility with fixed mortgages 22 August 2012 4:46PM Citibank is aiming to offer some innovation in the mortgage market, with the launch of a fixed-rate mortgage combined with a personal line of credit. read more
McMillan Shakespeare reports solid asset management growth 22 August 2012 4:08PM McMillan Shakespeare Group's asset management division, formerly Interleasing, yesterday reported a 19 per cent increase in assets under finance and a six per cent increase in net profit for the yea.. read more