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Updated: Feb 13, 2025 11:27 IST

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Mumbai (Maharashtra) [India], February 13: Syndicate Finance, a trailblazer in the financial services sector, is revolutionizing debt-based funding solutions to help businesses access cost-effective capital. With an extensive suite of funding options, Syndicate Finance ensures seamless financial support tailored to the diverse needs of businesses across industries.
Debt financing remains a crucial and economical means for businesses to raise capital, providing external funding through loans, overdrafts, mortgages, and equipment leases. Syndicate Finance goes beyond conventional…

Commonwealth Bank chief executive Matt Comyn says relaxing the treatment of student debts in home loan applications will boost the borrowing capacity of prospective buyers but warned housing supply remained the biggest blocker of young people entering the market.

Speaking to The Australian Financial Review shortly after revealing a better-than-expected $5.13 billion interim profit on Wednesday, Mr Comyn backed Labor’s move to let banks exclude HECS repayments from mortgage serviceability tests when they expect the borrower to pay off the debt in “the near term”.

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The Sydney Fish Market (SFM) is confronting an $8m loss for 2023-24, according to The Sydney Morning Herald, and the company has allegedly brought in insolvency experts.

The financial breakdown comes as the legendary auction site and retail zone prepares to move from its traditional home in Pyrmont to a new $836m space on the other side of Blackwattle Bay.

The SFM is a private company jointly held by the Catchers Trust of NSW, which represents the state’s commercial fishermen, and the Sydney Fish Market Tenants and Merchants, which represents the market’s sellers.

The company posted a $6.3m loss for 2022-23 and auditors have allegedly…

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The federal Treasurer has announced “commonsense” changes to help more Aussies with student debt acquire their first home.

Treasurer Jim Chalmers has announced that financial regulators – the Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC) – will be updating their lending rules in relation to Australians with HELP debt to “responsibly take out a mortgage and buy a home and also unlock the construction of more units”.

According to Chalmers, young Australians are currently facing a hurdle in entering the housing market in the form of reluctance from lenders to give them a mortgage.

He noted that the Australian Banking Association flagged…

Yowie’s largest shareholder Keybridge Capital appointed administrators on Monday (10 February), days after the Australia-based confectionery business demanded a loan repayment.

In a…