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Showing 111 - 120 of 2417 results for "Loan"

Linchpin, Endeavour directors found guilty

JAMIE WILLIAMSON  |  TUESDAY, 4 APR 2023
... itself and then-subsidiary Beacon Financial Group. Daly received loans totalling about $130,000, while Raftery took $40,000 on loan. Daly's was initially for $20,000 which was increased to $55,000; he then took a second loan of $35,000 which was ...

QIC secures stake in smart metering company

KARREN VERGARA  |  TUESDAY, 4 APR 2023
Queensland Investment Corporation (QIC) has entered a joint venture that gives it a 50% stake in a company that provides gas and electricity metering solutions. Vector, a New Zealand electricity and gas distributor, has offloaded half ownership of its ...

Harvest Lane backs US cybersecurity firm

CHLOE WALKER  |  TUESDAY, 4 APR 2023
... his expertise in investment and value creation is made available to management." This round consists of new capital and a loan to equity conversion, Fedde added. "The round is being kept open due to discussions with other interested parties," he said ...

It's not 2008, but there's likely more pain ahead: Iggo

CHLOE WALKER  |  TUESDAY, 28 MAR 2023
... attributable to potential credit impairments, losses in other sectors such as real estate, and a wave of banks reporting loan-loss provisions. "The interest rate market seems to know how this story ends - rate cuts," he said. "If they materialise, fixed ...

The unique experience of a single woman

CASSANDRA BALDINI  |  TUESDAY, 21 MAR 2023
... single woman, you have to make bigger purchases alone, like a house and then you're solely responsible for paying off the loan," she says. "I have a lot of millennial women as clients, so I see the pressure they face. In particular, there are often ...

Lending to small businesses increases: Survey

KARREN VERGARA  |  MONDAY, 20 MAR 2023
Despite soaring interest rates, the number of small business owners borrowing from banks has sharply risen in 2022, a new survey reveals. More than a third (36%) of Australian small businesses canvassed by CPA Australia are increasingly relying on external ...

Link Group agrees to sell BCM arm

CHLOE WALKER  |  FRIDAY, 17 MAR 2023
... "We have the desire, skill and determination to help the BCM leadership team to create a best in class, global mortgage and loan servicer." He added: "BCM has an excellent roster of banking and investor clients in Ireland, UK, Italy and the Netherlands ...

Fink warns of "slow rolling crisis"

JAMIE WILLIAMSON  |  THURSDAY, 16 MAR 2023
... wrote. He went on to say that prior tightening cycles have led to "spectacular financial flameouts", citing the Savings and Loan Crisis of the 1980s and early 1990s; "... it was a "slow rolling crisis" - one that just kept going. It ultimately lasted ...

HSBC bails out Silicon Valley Bank UK

CASSANDRA BALDINI  |  TUESDAY, 14 MAR 2023
HSBC has leapt to the rescue and purchased the embattled Silicon Valley Bank's (SVB) UK arm for a total sum of £1. The banking giant yesterday announced its UK ring-fenced subsidiary, HSBC UK Bank, would make the purchase, which excluded the assets ...

Residential mortgages will defy headwinds: Study

KARREN VERGARA  |  TUESDAY, 14 MAR 2023
... available during the record low-interest-rate environment in 2021. Finally, Foresight highlights that the portion of high loan-to-value balances of 80% and above have decreased for non-bank lenders since the Global Financial Crisis. "In July 2008, it ...