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Showing 101 - 110 of 139 results for www.thesheet.com

Orix sells to Allco

WWW.THESHEET.COM  |  THURSDAY, 14 DEC 2006
Finance company Orix Australia has sold three of its five business divisions to Allco Finance Group. The business, equipment and commercial property finance operations will form part of the restructure of Allco Hybrid Investment Trust, which was announced ...

Allco hunts niche finance acquisitions

WWW.THESHEET.COM  |  WEDNESDAY, 13 DEC 2006
Allco Finance Group will turn the Allco Hybrid Investment Trust into a listed company and use it as a vehicle for a move into a range of additional finance company activities covering agribusiness finance, lending for property development, mezzanine ...

AUSTRAC's power to be checked

WWW.THESHEET.COM  |  WEDNESDAY, 6 DEC 2006
A Senate Committee report on the government's proposed anti-money laundering legislation has responded to finance industry concerns with recommendations for a longer implementation period and curbs on the power of AUSTRAC, the body that will administer ...

Low cost to full service is possible

WWW.THESHEET.COM  |  THURSDAY, 23 NOV 2006
Demonstrating how it is possible for a manufacturer of low priced financial products to evolve into a full service client centre, Aussie Home Loans is to embark on a marketing campaign designed to show consumers they are not just a source of cheap loans. ...

Anti-phishing industry code needed

WWW.THESHEET.COM  |  TUESDAY, 21 NOV 2006
Banks may have to abandon email as a customer communication method unless an industry-wide code of practice for electronic communications is designed. Neil Campbell, chief executive officer of network security firm Network Box, said it is unfair of ...

Suncorp-Promina merger relies on IT integration

WWW.THESHEET.COM  |  WEDNESDAY, 8 NOV 2006
A key part of Suncorp's merger with Promina relies on spending $395 million to integrate their information technology infrastructure in return for securing savings of $225 million within two years. Part of the challenge is Suncorp already manages a ...

ING Australia disappoints

WWW.THESHEET.COM  |  FRIDAY, 27 OCT 2006
ANZ's return on equity from its wealth management subsidiary, ING Australia, has not met the hurdle rate set for it, ANZ chief executive, John McFarlane, said yesterday. McFarlane said none of the big banks were getting "a lot of value" from their wealth ...

FSR style licensing regime for mortgage brokers

WWW.THESHEET.COM  |  MONDAY, 23 OCT 2006
Mortgage brokers can expect to face a new licensing regime as early as next year that will align regulation of the mortgage broking industry with rules that prevail in the financial planning industry. Ian Clyde, chair of the Uniform Consumer Credit ...

Agribusiness still appeals to lenders

WWW.THESHEET.COM  |  TUESDAY, 17 OCT 2006
Leaving aside the current crisis, bankers still see the rural sector as an attractive market. Westpac's general manager for agribusiness banking Graham Jennings said the bank has added 45 agribusiness bankers to his team in the past 12 months. The bank's ...

APRA to flex its muscle with outsourcing deals

WWW.THESHEET.COM  |  WEDNESDAY, 11 OCT 2006
Under the terms of new prudential guidelines, the Australian Prudential Regulation Authority (APRA) will have the power to conduct onsite inspections of companies undertaking outsourcing work for financial institutions under its supervision. But signaling ...