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.....
CreditMart recently undertook some analysis around interest rates on reward program credit card offers and found that the average interest rate on these cards was 1.....
Not all credit cards are created equally. And so it makes it that much harder to decide which credit card offer to choose. There are many factors you sh.....
GMAC-RFC has had to chip in a further $25 million to keep its Australian subsidiary solvent. The firm is already looking for a buyer for Capital First, the Parramatta-based mortgage manager GMAC acquired two years ago. Australian Broker reported the effort to sell the subsidiary this week. GMAC-RFC bought 25 per cent of Capital First in late 2005 and the remainder of the equity in mid 2006. The funder paid $3.8 million for the business, of which $3.4 million represented goodwill. At December 2007 GMAC utilised $289 million of a $750 million warehouse with Westpac. The firm cleaned out that warehouse in May through the sale of $300 million in mortgage-backed securities.
