Business finance harder to find 11 November 2008 5:47PM Businesses are finding new credit harder to find, with the Reserve Bank of Australia chiming in to support the findings of surveys published by East & Partners and National Australia Bank on the s.. read more
Early release of super more common 07 November 2008 5:49PM The early release of superannuation to meet pressing household payments increased by 22 per cent over the year to June 2008, the Financial Review reported. The AFR obtained the data from the Australia.. read more
FreightLink off the rails for mezzanine debt funders 07 November 2008 5:46PM Directors of FreightLink have appointed Steve Parbery from PPB as administrator, and the company's lenders appointed KordaMentha partner Martin Madden as receiver. read more
Commercial paper now accepted by RBA 07 November 2008 5:44PM The Reserve Bank will once again extend the list of securities it will accept in domestic dealing arrangements. read more
High yield hybrids lack appeal 06 November 2008 5:54PM The government guarantee of bank deposits may be diminishing the appeal of hybrid securities from banks and other companies that offer a substantial yield premium over money market rates. read more
Schubert blames guarantee for high rates 06 November 2008 5:52PM The guarantee on retail deposits is having the "perverse" effect of keeping interest rates higher than they would otherwise be, Commonwealth Bank chair John Schubert told a business lunch yesterday. read more
Tax arbitrage fails for Deutsche and CBA 06 November 2008 5:51PM A complex financial investment engineered by Deutsche Bank and Commonwealth Bank has gone awry for the parties, which must pay much more tax than planned on cash flows arising from the $1 billon schem.. read more
Receivers ready to sell 06 November 2008 5:51PM Centro Properties Group and its related trusts may be the next to face up to their dim prospects, with the appointment of administrators (by directors) and receivers (by multiple banking syndicates) l.. read more
NSW courts will resolve BOQ claims 06 November 2008 5:50PM The Supreme Court of New South Wales looks like being the jurisdiction to sort out the escalating series of cases brought by owners of failed franchises of the Bank of Queensland in Sydney. read more
MEB widens its funding options 05 November 2008 6:07PM Members Equity Bank has started funding home loans on its own balance sheet in a break from a prior reliance on external funding entities. read more