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The NSW Teachers Credit Union net profit has fallen to $20 million from $23.9 million in financial year 2008, as higher interest expense impacted. read more

Australian banks yesterday provided some detail on their loans and credit exposures to Lehman Brothers, the Wall Street investment bank that filed for bankruptcy on Monday. read more

Credit unions and building societies have not been immune to tighter margins during financial year 2008. read more

Macquarie Group was caught in the cross hairs of the investor firing line yesterday, with shares slashed over ten per cent, thanks to the collapse of American investment bank Lehman Brothers. read more

Six months prior to the beginning of the now infamous credit crisis, in February 2007, Homeloans Limited agreed a placement of 8.3 million shares at 80 cents each to Challenger Financial Services, and.. read more

Diversification of revenue streams is the key to a successful business during turbulent times. read more

A sharp write down in the balance sheet asset goodwill has pushed many a company net profit into the red, with Homeloans no exception. read more

A request by Asset Loans Limited for voluntary suspension from the ASX two weeks ago indicated the company's impending collapse, with administrators appointed earlier in the week. read more

The board of Lixi has realised more pressure needs to be placed on delivery, with more pressure on engagement, and the first step they took was to hire a full-time chief executive officer, said Erik F.. read more

Established in 2001, the Lending Industry XML Initiative, or Lixi, aimed to develop electronic communication data standards for the Australian mortgage lending industry, and although progress has been.. read more