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With the Dow Jones industrial average posting its biggest ever points fall in one day on Monday night, and with central governments scrambling in Europe to fund banks on the brink, one would anticipat.. read more

Keybridge Capital Limited yesterday cut its forecast profit, measured as earnings per share, by a third due to a 50 per cent provisioning for one of the company's largest loans. read more

Macquarie Group on Friday said it will sell its investment lending business in Australia amid continued tightness in funding. This include's the bank's margin lending. read more

Toowoomba-based Heritage Building Society yesterday reported a five per cent increase in net profit to $20.5 million for financial year 2008, though a $6.5 million gain from the Visa initial public of.. read more

Allco HIT will receive $25 million in cash and a tranche of its own, largely worthless, shares for the sale of Strategic Finance in New Zealand to its former owners and management. read more

Calculating the appropriate acquisition value of a broker or aggregator in the current market is essentially extremely difficult, as the mortgage market continues to contract and future revenue stream.. read more

To grab a larger slice of the mortgage manager pie, Firstfolio Limited continues the growth by acquisition strategy, taking on six businesses during financial year 2008. read more

Firstfolio Limited is targeting mortgage management over origination for future company growth aspirations, due to higher profit levels. read more

One way to judge the best performing bank share over the last twelve months might be to select the one that has lost the least value. read more

Businesses are paying more than they were last year to borrow funds, but margins over market benchmarks are not all that much wider than they were a year ago. read more