Suncorp Doubles Size Of New RMBS Issue Due To Investor Demand

Written by Robert White on May 28, 2010 – 12:06 pm

Banc-assurance group Suncorp-Metway is returning the residential mortgage backed securities market, in a further sign of growing confidence, pricing a $1 billion issue, after investor demand forced the company to double the size the original issue from $500 million.


Tags: Demand, Investor Demand
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A $15 million insurance mystery

Written by Jessica Clark on May 26, 2010 – 5:03 pm

It is a tale worthy of an airport-kiosk thriller.

The mother-in-law of a nationally known executive is found dead in her bathtub. She is fully clothed from an evening out at a martini bar, high heels still on her feet. The authorities rule she accidentally drowned.

Months later, her family learns that the last person to see the woman alive — a local businessman half her age — had a $15 million insurance policy on her life, payable to his company. The scenario is playing out in real life in a civil lawsuit in federal court in Indianapolis. The mother-in-law, Germaine “Suzy” Tomlinson, died in September 2008 at age 74.

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California Health Insurance for Self Employed

Written by Robert White on May 25, 2010 – 4:06 pm

Feweranies are offering group insurance for their employees in an effort to stay in business. Thoseanies that are hiring are either hiring temps or not offering group coverage. So, if you’re self employed or employed with out benefits there are affordable health insurance plans offered by Anthem Blue Cross and Blue Shield of California.

If your an agent or 1099 employee you are not considered an employee for health insurance coverage. Again, there are many options from the Blues that offerrehensive medical coverage.

You can see all your options and details of available health insurance plans in California.

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Tags: Self, Self Employed
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NAB Low Business Banking Fees Still Struggling To Make Impression

Written by Robert White on May 25, 2010 – 1:24 pm

Despite making a concerted effort to break into and achieve dominance in the business banking segment, Australian banking major National Australia Bank is the least popular of the Big Four banking groups, amongst business customers.

According to new research from Melbourne based consultancy DBM, CBA and ANZ currently dominate the business banking segment as measured by customer satisfaction, despite the fact that their business banking units are smaller than that of NAB.

In terms of size, NAB runs the largest business banking operation in the country, and that has helped the lender offset under performance at its retail operation, driving a $2.1 billion cash profit during the first half of 2010.

The monthly Financial Services Monitor surveyed 18,000 customers across micro, small-to-medium enterprise and large businesses.

According to the results of the survey, businesses spanning all three segments said they were most satisfied with ANZ and CBA ahead of Westpac and NAB.

88.7 per cent of all business in Australia are defined as being micro businesses, which have less than $1 million a year in revenue, a segment in which ANZ proved to be the most popular lender beating its three main rivals.

Businesses with more than $50 million a year in revenue rated CBA as their most favoured bank, followed by Westpac, NAB and ANZ.

Dhrub Gupta, managing director for DBM says that the results of the survey clearly demonstrate that Westpac and CBA continue to remain the dominant players in business banking.

DBM managing director Dhruba Gupta said the results showed CBA and Westpac remained the dominant forces in business banking.

“Outside of microbusiness, it’s the Sydney-based banks, particularly CBA and Westpac, that are standing out for the larger business. We

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Tags: Banking, Business Banking
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Which are the worst states for tickets?

Written by Jessica Clark on May 24, 2010 – 1:24 am

If you’re hitting the road for Memorial Day weekend, you’re probably already prepared to scan the horizon for Ford Crown Victorias lying in wait, speed guns in hand.But if you’re in New Jersey, Ohio or Maryland, you’ll want to keep one finger hovering over the cruise control’s cancel button at all times. They’re the worst places to drive, according to the National Motorists Association, which has ranked conditions in all states (see the full list here) according to these 17 criteria:

New Jersey ranks seventh-worst in the speed-trap category.

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