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Corporate insolvencies rose almost 10 per cent last year, making 2011 the worst year for business failure in Australia since the depths of the financial crisis in 2008. read more

More evidence that consumers are turning off credit has emerged from the latest Veda consumer credit demand index, which found credit card applications in the December quarter were down 9.9 per cent.. read more

Foreign financial institutions have won some significant concessions from the United States Treasury in its latest draft of the Foreign Account Tax Compliance Act. read more

Fitch Ratings has put Macquarie Group on ratings watch negative and will review its long-term issuer default and viability ratings. read more

Finance company FlexiGroup's diversification strategy of the past few years, using a combination of acquisition and organic growth, has paid off with both good growth and an increase in net profit. read more

Arrears rates in mortgage securities pools rose from 1.35 per cent to 1.54 per cent in the year to September, Moody's said yesterday. read more

Banks may or may not be planning to increase home loan rates to cover increased funding costs, but they have already started pulling another lever to increase their margins on retail mortgages - dis.. read more

The Credit Ombudsman Service's annual report highlights sharp divisions within the finance sector concerning the way external dispute resolution services handle hardship cases. read more

The Finance Sector Union is keeping up its campaign against finance industry job cuts with the news yesterday that Suncorp has told staff of plans to send 65 jobs to India. Most of the local jobs lo.. read more

Loan brokers' conduct "unconscionable", says the Federal Court. read more