Aussie Home Loans has reached agreement with GE Money to acquire Wizard Home Loans for an undisclosed sum.
The business to be acquired includes the Wizard brand, its franchise distribution network covering over 160 outlets in city and regional areas around Australia and over 300 mortgage advisers.
The acquisition will mean Aussie will have a broader spread […]

Steve Keen, Associate Professor, School of Economics and Finance, University of Western Sydney challenges the accuracy of the Westpac-Melbourne Institute Leading Index, which indicates that Australia is likely to avoid a recession next year.
Keen says, sorry chaps, we’re already in one.
Westpac’s indicator of future economic activity suggests that economic growth in 2009 will continue to […]

The global economy went on an optimism binge in 2006 and 2007, suffered a breakdown 2008 and will spend 2009 in rehab.
And, as is the case with pop stars and football players, the result of the rehabilitation process can never be predicted with great accuracy.
This is not to say the outlook for 2009 is any […]

Bendigo and Adelaide Bank Ltd says it has raised $80 million via a share purchase plan, and announced a further placement to institutional investors.
Bendigo had offered each of its shareholders up to $7,000 in new shares at $10 each.
It will now offer additional shares at the same offer price to institutional and sophisticated investors, the […]

La Trobe Financial has been announced as a winner in the Mortgage Fund and Cash Management Trust Account categories for Money Magazine’s ‘Best of the Best 2009′ Awards.
The La Trobe Mortgage Fund is particularly pleased to be recognised as 2nd-placed in the Best Mortgage Fund in Australia category, and 3rd Best Cash Management Account as […]