Westpac CEO Gail Kelly is believed to be concerned that St George customers may move to Bendigo or ANZ as the merger takes hold. Just one St George executive ha.....
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The owners and management of Elderslie Finance Corp have negotiated a sale of the business, but naming the identity of the party willing to buy the financier – revealed in a Federal Court hearing on Friday – might be controversial. The court on Friday considered submissions from lawyers on an application by Perpetual Trustees WA as trustee for the debenture holders. On Friday Elderslie produced a contract of sale (to a party EFC did not want identified) and provided a number of undertakings to the court that serve to preserve the financial position of the company during the term of the adjournment, according to the trustee's account. The case is due to return to the Federal Court on July 1.