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Showing 111 - 120 of 541 results for "Lenders"

CIMIC in $1.8b writedown

ELIZA BAVIN  |  FRIDAY, 24 JAN 2020
... context of an accelerated deterioration of local market conditions, BICC is engaging in confidential discussions with its lenders, creditors, clients and other stakeholders," the release said. CIMIC said it has committed facilities and cash available ...

RMBS scrutiny could be loosened in US

ELIZABETH MCARTHUR  |  WEDNESDAY, 13 NOV 2019
... it, along with the Council of Financial Regulators (which includes ASIC and APRA), is monitoring the growth of non-bank lenders for possible emerging financial stability risks. "The Reserve Bank's liaison indicates that non-banks have been lending ...

Westpac chief believes in financial advice

ELIZA BAVIN  |  MONDAY, 11 NOV 2019
... committee and said he believes non-bank entities should face the same level of scrutiny as the big banks. "There have been lenders able to lend into pockets of the market the regulated financial institutional haven't been and that supports a broader ...

RBA blames lack of demand in property downturn

ELIZA BAVIN  |  THURSDAY, 17 OCT 2019
... even as prices pick up. Households may be more conservative in their willingness to borrow given low income growth." "Lenders are applying tighter standards than in the past. Both of these may well combine to result in a more muted pick-up in lending ...

ACCC to probe rate cut decisions

HARRISON WORLEY  |  MONDAY, 14 OCT 2019
... will investigate the prices charged for residential mortgages by the lending market, including big banks and non-bank lenders, and will consider how those prices are determined, such as the impact of the official cash rate. The differences between rates ...

Undisclosed additional lending must stop

KRISTI CHENG  |  THURSDAY, 26 SEP 2019
... that to a bank. "A first ranking senior secured creditor should be advised where additional debt has been taken. These lenders are facilitating a deception on the part of the borrower by not disclosing that," he said. The second reason is the risk involved ...

BNY Mellon adds to Melbourne team

KANIKA SOOD  |  THURSDAY, 5 SEP 2019
... Mellon's corporate trust business in Australia is primarily across securitisation, where its clients include non-bank lenders such as Pepper, BlueStone and ThinkTank and straight debt, where clients include international giants such as McDonalds ...

Government fund seeks investment manager

KANIKA SOOD  |  FRIDAY, 16 AUG 2019
... services for the $2 billion Australian Business Securitisation Fund (ABSF). ABSF will aim to lend $2 billion over time to lenders providing loans to small and medium business owners. AOFM, who will administer the fund on behalf of the government, is ...

Court dismisses Westpac lending practice case

KARREN VERGARA  |  THURSDAY, 15 AUG 2019
... in the assessment process" and other provisions of the National Consumer Credit Protection Act 2009 impose penalties if lenders make unsuitable loans as a result of that process. Under the Act, lenders must assess whether loans are unsuitable for consumers. ...

ASIC slams consumer credit failures

HARRISON WORLEY  |  FRIDAY, 12 JUL 2019
... purchase CCI sold alongside their credit cards only receive 11 cents in claims for every dollar paid in premiums. Across all lenders, the figure moves to just 19 cents in the dollar. ASIC said CCI sales practices were harmful to consumers, noting CCI ...