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Showing 81 - 90 of 139 results for www.thesheet.com

Macquarie seeks banking licence in Britain

WWW.THESHEET.COM  |  WEDNESDAY, 16 MAY 2007
Macquarie Bank plans to apply for a banking licence in Britain as a way of acquiring a "passport" to do more business in Europe. The bank's chief executive Allan Moss said Macquarie would submit an application to the UK Financial Services Authority ...

NZ mortgage brokers face 25 per cent income cut

WWW.THESHEET.COM  |  WEDNESDAY, 18 APR 2007
ANZ/National Bank is proposing to cut the upfront commissions it pays mortgage brokers in New Zealand to 45 basis points from 1 June. ANZ/National currently pays a range of upfront commissions depending on factors such as volume but the average is 0.6 ...

Reverse mortgages jump 80 per cent to $1.5 billion

WWW.THESHEET.COM  |  TUESDAY, 17 APR 2007
Australia's emerging reverse mortgage market is growing at 80 per cent a year, the consulting actuary Deloitte Trowbridge reported yesterday. The country's 16 reverse mortgage lenders had $1.5 billion of loans on their books at December 31, up from ...

Contango targets financial services

WWW.THESHEET.COM  |  FRIDAY, 13 APR 2007
The boutique Australian equity fund manager Contango Asset Management is branching out with the release yesterday of a prospectus for a listed investment company that has a mandate to invest purely in the financial services industry. The prospectus ...

Bank interest comparison rate on way out

WWW.THESHEET.COM  |  THURSDAY, 22 MAR 2007
Just as superannuation advocates from the low-cost segment have been promoting more standardised fee measures, the model for which was the banking sector's 'comparison rate', it looks like the banking sector is set to dump its comparison measure after ...

Compliance maze killing product innovation

WWW.THESHEET.COM  |  WEDNESDAY, 21 MAR 2007
The Australian Government must appoint an over-arching body to guide innovators through the regulatory maze or risk missing out on genuine product development in financial services, one of the entrepreneurs behind the new shared equity market contends. ...

Equity lenders prepare to take on reverse mortgages

WWW.THESHEET.COM  |  WEDNESDAY, 14 MAR 2007
Shared equity lenders are preparing for a turf war with reverse mortgage lenders for the retiree equity release market. The first non-government shared equity loan, Rismark's equity finance mortgage, is being marketed at this stage to first home buyers ...

Less internet banking fraud at ANZ

WWW.THESHEET.COM  |  MONDAY, 12 MAR 2007
ANZ say they have substantially cut internet banking fraud and confirmed that they see security as a competitive issue. ANZ, in a media release issued in connection with an award from an industry magazine, said that losses from internet banking fraud ...

Private equity lending restrained at Westpac

WWW.THESHEET.COM  |  WEDNESDAY, 7 MAR 2007
Westpac Institutional Bank group executive Phil Chronican spelled out the bank's approach to providing leverage finance to private equity groups at an investor briefing this week. The bank has been active in supporting private equity transactions "that ...

Challenger buys into Homeloans

WWW.THESHEET.COM  |  MONDAY, 26 FEB 2007
Perth based home loan originator and funder Homeloans Limited has found itself a long-term business partner and investor in the form of Challenger Financial Services Group. The two companies announced on Friday that Challenger would invest in two stages. ...