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.....
Rocky times for whole financial group 30 July 2008
Rockstead Financial Services has followed its subsidiary First Capital Securities into voluntary administration. The ASX-listed asset management and property finance group announced yesterday that it had appointed Ferrier Hodgson partners Gregory Moloney and Peter Geroff as joint administrators. Administrators were appointed to First Capital on July 21. First Capital has about $15.8 million of unsecured notes on issue, which are in the hands of about 500 note holders. Rockstead made a loss of $2.2 million in the six months to December 31. It had current liabilities of $30.1 million, including unsecured notes of $15.8 million and loans of $11.8 million. A New Zealand subsidiary is also in trouble. Last week First Capital Gulf Harbour disclosed that it was unable to refinance a $15.3 million loan.
