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Middle class people are around twice as likely to be forced into, or choose, personal bankruptcy, a study by the Centre for Corporate Law and Securities Regulation found. read more

Retail Decisions has the bulk of its Australian operations for sale, the Financial Review reported at its Dealbook site. The AFR reported that the payments card business (the Motorcharge and Motorpass.. read more

Electrical goods retailer Clive Peeters yesterday called in administrators, as flagging sales and difficult trading for most of the last year made it impossible to renegotiate $38 million in borrowi.. read more

The Gunawan family, which controls 46 percent of Indonesia's PT Bank Panin, is seeking buyers for its entire holding worth about US$1.4 billion, Reuters reported. UBS is advising the family on the s.. read more

ThinkSmart will seek to fund between £50 million and £80 million of annual sales for British retailer PC World once funding is in place. The firm aims to roll out the offering (modelled on that of.. read more

Foreign banks operating as branches in Australia traded deep in the red in the December 2009 quarter, data published by APRA show. read more

Loan to valuation ratios on new loans from banks and other ADIs are modestly lower at present, in part thanks to the removal of the increased first home owners grant late last year. read more

The combined net profit of the 54 banks operating in Australia fell by $1.4 billion, or seven per cent, to $17.9 billion over calendar 2009, data published yesterday by the Australian Prudential Reg.. read more

Car loans for dentists, and equipment leases for medical practices are the substance behind a rare placement of asset-backed bonds under way at the moment. read more

International Litigation Funding Partners will fund a planned class action sought by a group of institutional investors and industry funds in connection with losses incurred by National Australia Ba.. read more