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Debt buyer and collector Collection House took a major step in securing its viability last month, when it recapitalised the business, but its financial report for the December half-year shows it is no.. read more

Commonwealth Bank is the second of the big banks to launch an issue of hybrid securities this year and, like ANZ last month, it will restrict distribution in line with new design and distribution obli.. read more

If buy now pay later companies Zip Co and Sezzle Inc manage to bed down their merger they will need to focus on getting their risk settings under control and bringing down escalating bad debts. read more

Buy now pay later company Splitit has moved to reassure investors, business partners and consumers that it remains a going concern, despite reporting mounting losses, cash outflow well in excess of ca.. read more

Genworth Mortgage Insurance Australia has taken a stake in OSQO, a start-up that hopes to fill home buyers’ deposit gaps. read more

Yellow Brick Road has made some progress with its plan to increase its margins by developing a YBR branded range of mortgages, reporting that in the six months to December the loan book grew to A$227.. read more

Buy now pay later company Openpay Group released a December-half financial report yesterday that details unsustainable cash outflows, failure to meet the conditions precedent of a receivables funding.. read more

Pepper Money’s strategy of lending to “under-served” mortgage customers, such as near-prime credits and the self-employed, paid off handsomely in 2021, with strong growth in originations, loan book an.. read more

Business finance company Earlypay has bounced back from the COVID slowdown, with record results in the December half-year. read more

New private capital expenditure rose by 1.1 per cent in the December quarter and by 9.8 per cent in 2021, according to figures released by the Australian Bureau of Statistics yesterday. read more