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Vendor finance company CIT Australia & New Zealand is hoping that more difficult credit conditions will stimulate demand for leases this year, after a decline in receivables and a heavy fall in pr.. read more

Queensland-based Wide Bay Australia completed the integration of merger partner Mackay Permanent at the end of May, including all relevant approvals from various regulators. read more

General Motors Holden's leasing company Interleasing reported a $2.4 million profit after tax for calendar year 2007, compared to a $4.2 million loss for the corresponding period, on a 27 per cent rev.. read more

Australian bank fixed-term mortgage rates have increased in recent weeks, with the short-term rate market pricing in several more interest rate increases. read more

Luxury vehicle financer BMW Australia Finance reported a 17 per cent increase in net profit to $65 million for calendar year 2007, bucking the trend of struggling competitors such as FCA Holdings (for.. read more

FCA Holdings, formerly Ford Credit Australia Limited, has reported a lacklustre net profit of $24.8 million, down a quarter from the previous year. read more

The trustee to Elderslie Finance Corp appears to want to appoint receivers to the firm, but is seeking the support of the Federal Court of Australia before doing so. read more

As recently as the end of April directors of Elderslie Finance Corp were willing to certify to the financial health of their 51-year-old company. read more

Listed receivables manager Collection House has added to its portfolio of collectable debt with a $50 million face-value purchase. read more

The decline in bank share prices, in Australia and worldwide, may do more to mess with the schemes of any rival bidders for St George Bank than they do for the actual bid in the market from Westpac. read more