Provic gold diggers lose half their number

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

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

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

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

Leverage ratio to the fore

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

The return of risk-it Ralph

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'

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

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