478

An independent expert's report included in a scheme booklet sent out to The Rock Building Society's shareholders yesterday has concluded that MyState's offer for the group is reasonable and in the b.. read more

Consumers' use of mobile payment devices is growing fast, according to research released yesterday. Online retail sales to Australians would grow by 11.7 per cent, to A$30.2 billion, this year, says P.. read more

The Trust Company's acquisition of The New Zealand Guardian Trust Company, in March, has transformed the business from one dominated by personal services to one deriving the majority of its earnings.. read more

Pre-settlement lender Ask Funding has given up on its attempt to sell its loan book and is likely to go into run-off. read more

Personal insolvency activity rose in the September quarter, with 8012 people either becoming bankrupt or entering Part IX debt agreements or Part X insolvency agreements. read more

The lobbying war between consumer groups and short-term lenders over the Government's plan to impose a cap on personal loan rates entered a new phase on Friday, when a Melbourne pensioner lodged a c.. read more

While Bank of Queensland's strong growth in income, tight cost control and stock price discount appeal to some analysts others are concerned about its asset quality and difficult funding profile. Al.. read more

With consumers keeping their money in their wallets, it might be expected that sentiment towards finance companies specialising in store finance would be negative. However, several analysts have iss.. read more

Bank of Queensland suffered a 13 per cent fall in earnings for the year to August 2011, due to a big increase in its bad debt charge. The profit improved in the second half, however, given the peak in.. read more

Westpac is betting that investors in term deposits will become more sophisticated in their use of the product and start to look for some diversification in interest rate structures and terms. read more