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There's no escaping the increasingly loud mutterings of discontent with the approach by Commonwealth Bank to their management of the escalating bad debts that are permeating the economy. read more

GE Money has clarified the exit strategy for its Wizard Home Loans business, which is to sell the Australian network and part of the lending book to National Australia Bank and to close the New Zealan.. read more

Commonwealth Bank yesterday opted to fall into line with market sentiment, and exploit the extremely liquid position of almost all institutional investors, and sold $2 billion in new shares late in th.. read more

Centro Properties Group extracted more cash from its US and Australian banking syndicates, agreed a debt for equity swap with its Australian lenders and US noteholders over a fifth of its Australian b.. read more

Macquarie Group may have a difficult time maintaining the book value of its holding in Macquarie Infrastructure Group after the directors of the latter yesterday advised that they were likely to write.. read more

There may not be much value in the three investments that are the only assets of Intellect Holdings, the former payment terminals player that is under the control of the Sydney investor Duncan Saville.. read more

Australia's government yesterday said it plans to sell a further $5 billion in Commonwealth bonds. The chief rationale appears to be to invest in corresponding term debt of state and territory governm.. read more

A structured finance specialist is one of three new appointments to the Australian Securities and Investments Commission. read more

Bank of Queensland yesterday confirmed it would undertake a strategic review; that it has hired investment bank O'Sullivan Partners to help undertake the task and said it set six months for the projec.. read more

Bank of Queensland will seek to raise capital, and perhaps up to $100 million, through a share purchase plan. read more