Collection House reports strong growth 24 February 2012 5:39PM Receivables management company Collection House increased earnings by 24 per cent in the December 2011 half-year, citing strong growth in its purchased debt ledger as the main reason for the improve.. read more
Big Sky members support Lifeplan merger 24 February 2012 5:36PM Big Sky Credit Union members yesterday voted in support of a proposal to merge with the Lifeplan Australia Building Society. read more
Perpetual's corporate trust business takes heavy fall 24 February 2012 5:33PM A decline in the stock of residential mortgage-backed securities on issue, plus lower mortgage servicing volumes, has led to a 39 per cent per cent fall in pre-tax profit for Perpetual's corporate t.. read more
Suncorp Bank starts core system upgrade 23 February 2012 5:36PM One bank with few worries over conditions in the wholesale financial markets is Suncorp Bank. It has a deposit-to-loan ratio of 69.4 per cent - all its lending is matched by retail deposit flows and.. read more
Mortgage Choice struggles with diversification 23 February 2012 5:33PM Loan broker franchise operator Mortgage Choice has suffered a setback in its strategy of diversifying its business. A sharp increase in expenses related to new initiatives and marketing was not matc.. read more
Cautious consumers hit ThinkSmart 23 February 2012 5:31PM Weak retail conditions have caught up with point-of-sale finance company ThinkSmart, which has suffered a five per cent fall in Australian assets under management as a result of a 17 per cent reduc.. read more
Bankers rate covered bond initiative a success 22 February 2012 5:54PM Despite the high cost of their initial covered bond issues, bankers have declared the Government's decision to change the Banking Act to allow for the issue of covered bonds a success. read more
ASIC considers future directions for consumer credit law 21 February 2012 5:41PM Australia's consumer credit law needs to be expanded to regulate segments of the finance market not currently covered by the National Consumer Credit Protection Act, according to speakers on a panel.. read more
Deposits must fund loan growth, says Smith 20 February 2012 5:46PM ANZ missed its target of funding all lending growth through deposit growth in the December 2011 quarter because of a strong pick up in institutional lending. read more
Productivity central but growth still on the agenda, says Kelly 17 February 2012 5:56PM Westpac chief executive Gail Kelly has rejected the suggestion that the bank's aggressive productivity program had "trimmed its revenue muscle". read more