Provic gold diggers lose half their number 23 September 2014 4:09PM The stress in Victoria's debenture company sector before and after the financial crisis was a largely avoidable affair, caused mainly by dodgy valuations produced for antsy trustee companies, industry.. read more
Sweetheart rates for directors 23 September 2014 4:08PM In its second round submission to the Financial System Inquiry, industry association Provic highlighted the collapse of Gippsland Secured Investments. read more
Audit conflicts in Gippsland failure 23 September 2014 4:08PM The Provic group pointed to an apparent "conflict of interest between instructing audit companies, valuers and liquidators," in its second round submission to the Financial System Inquiry. read more
Christmas debts linger 23 September 2014 4:07PM Coping with last December's annual spending frenzy was a bigger factor in home loan repayments over the first half of the year. read more
'Unconscionable' Bendigo forfeits low doc mortgage 22 September 2014 3:52PM Bendigo and Adelaide Bank is "at least in part responsible for its own problems" in having a low doc loan set aside, the Supreme Court of New South Wales ruled last week. read more
Leverage ratio to the fore 19 September 2014 4:17PM Australia's major banks will be roped into disclosing more detail on their activities, in a manner consistent with reporting standards for the world's most dominant banks. read more
Repco, CSR target rising interchange fees 18 September 2014 4:10PM Retailers finding their voice are among the new batch of submissions to the Financial System Inquiry. read more
The return of risk-it Ralph 18 September 2014 4:04PM Ralph McKay, an idiosyncratic but informed industry commentator from the 1980s, made a return appearance in second round submissions to The Financial System Inquiry. read more
RBA sees financing as 'widely available' 17 September 2014 3:54PM Financial constraints imposed on many companies by the global financial crisis "have eased over time," Christopher Kent, an assistant governor of the Reserve Bank of Australia, said yesterday. read more
Banks give credit where due 17 September 2014 3:54PM The average interest rate on housing loans has "fallen by around 15 basis points since the cash rate was reduced in August 2013," the Reserve Bank of Australia highlighted yesterday in the minutes of.. read more