Business finance harder to find

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

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

High yield hybrids lack appeal

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

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

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

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

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

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