Few financiers servicing car finance scheme 21 January 2009 5:12PM Two of the five financiers nominated as participating in the Australian government's scheme to provide bridging finance to car and truck dealers are yet to commit to the scheme. read more
Business bank receives special attention at CBA 20 January 2009 5:35PM Among the motivations at Commonwealth Bank for the decision to hive off business banking from institutional banking, one worth noting is management self interest. read more
More guarantees for British banks 20 January 2009 5:33PM Banks in Britain, including NAB subsidiary Clydesdale Bank, will enjoy support from a raft of additional props for lending as the nation's government seeks to moderate the recession and the restrictio.. read more
AFSL now needed for margin lending 19 January 2009 6:00PM Lenders without a financial services licence may find themselves roped into some version of the scheme that applies to many of their rivals now that the Australian government, rather than state govern.. read more
Resurrecting Citicorp 19 January 2009 5:59PM Consumer banking will largely be retained by Citigroup under plans to split the banking group into a good bank and bad bank. The company confirmed the plan on Friday in conjunction with the release of.. read more
Four Citi consumer franchises in Asia for sale 19 January 2009 5:58PM One twist in Citi's plan is that a number of lower end consumer banking businesses in Asia will be managed under Citi Holdings (the bad bank) and presumably are on the market. read more
Australian consumer franchise counts at Citi 19 January 2009 5:57PM Citigroup's consumer banking business in Australia may be a little more important to the bank's business than past reviews of consumer banking trends may suggest. read more
Indemnity scheme canvassed for Australian banks 19 January 2009 5:56PM Some form of Australian government indemnity on select corporate lending is one option under discussion between banks and Treasury amid debate over whether to offer further assistance to the sector in.. read more
'Insurance' may cover British lending losses 19 January 2009 5:56PM More aid is on the way from Britain's government for the nation's banks. And while aimed once again at the country's major banks, the entire sector, including NAB subsidiary Clydesdale Bank, looks lik.. read more
Half of car dealers find funding in the private market 16 January 2009 5:35PM Around half of car and truck dealers stranded by the planned (but delayed) withdrawal of GE Money Motor Solutions and GMAC from the supply of floor plan financings may have already found alternative f.. read more