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The failure rate for IT projects is 60 to 70 per cent, according to a leading technology services company executive, and the bigger the project the more likely it is to fail. read more

Two-thirds of lenders that removed exit fees from their home loans in the past week have yet to make any changes to fees or rates. read more

Banks are rushing to bring mobile banking applications to market, betting it is the next big thing, but a leading industry consultant believes few financial institutions have created a workable mobi.. read more

Restrictions on how credit card issuers manage their customers' over-limit spending and make offers of credit limit increases are now law, following the passage this week of the National Consumer Cr.. read more

Big banks are picking up home-loan market share with the aggressive marketing of rate discounts and fee waivers to borrowers who are refinancing. read more

Issuers, investors and other participants in the debt capital market met with representatives of Treasury and the Australian Securities and Investments Commission last month to try and agree on meas.. read more

The Credit Ombudsman will put itself in the position of a court when reviewing applications to delay default orders, using the same criteria a court would apply in such cases. read more

Although Matthew Thomas has been chief executive of debt collection agency Collection House only since September he has heard all the stories about what went wrong after the company listed on the Au.. read more

More small lenders have responded to the ban on exit fees, which took effect on Friday, by introducing application fees or increasing interest rates. read more

Demand for mortgage finance continues to be weak, and demand for business finance is almost non-existent, according to Australian Prudential Regulation Authority data released yesterday. read more