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Ford Credit has persuaded the Australian government to guarantee up to $550 million of lending to support the short-term trading position of the car maker's financing operations in Australia. read more

ING reported a loss of €30 million for the March 2009 quarter for its Australian insurance business, thanks to ING's having to tip in €50 million to compensate investors in the ING Diversified Yie.. read more

Lending losses actually fell at Westpac Banking Corp over the six months to March 2009, even though impaired assets climbed drastically, the quarterly "pillar 3" disclosure documents published by the.. read more

Home loan funders, and especially major banks, received a further boost to demand from the Australian government's 2009/10 budget, published last night. The government decided to extend the "boost" to.. read more

The Australian government's budget papers do not include an estimate for the fees likely to be generated from banks making use of the guarantee on wholesale and retail liabilities. read more

This time last year Australia's Treasury imagined that the funding task for the Australian Office of Financial Management would be one of care and maintenance. The plan, then, was tinkering with and a.. read more

Lenders offering protected loans, a type of margin loan, will in practice have to apply a lower interest rate than in the past, or at least the borrower will work out their tax affairs on the basis th.. read more

The budget papers provide some fragments of information on the OzCar special purpose vehicle created to provide a financing backstop for car dealers stranded by the departure of GE Capital and GMAC fr.. read more

Almost a quarter of supervised financial institutions slipped from a "normal" risk assessment over the last year to a more intrusive stance, the latest Insight publication from the Australian Prudenti.. read more

Chris Dalton will be the new chief executive of the Australian Securitisation Forum, the ASF committee advised members yesterday. read more