Non bank financial company GE Capital says raising finance for smaller lenders continues to remain difficult for smaller lenders when compared to the major banks.
Skander Malcolm who runs GE Capital in Australia says that because the banks have large depositor bases they were able to fund raise more effectively than smaller lenders such as GE Money.
Despite the recovery in car sales, car loan demand has declined to below levels seen a year ago, and the up-tick in sales is painting a false picture of recovery.
Recession can cause people to feel a lot of stress, as budgets tighten and people have to do more with less. Fortunately Australia seems to have put the worst behind it, and if you have lost a job or are on the hunt, then things certainly seem to be a lot brighter than a year ago.
If you are still feeling the pinch though, it can take its toll on your body, causing a variety of symptoms from body pain, sleeping difficulty and exhaustion. There is even a name for the condition, as silly as it sounds it’s called Recession Strain Injury, and there are millions of Australians who owe more than they can manage and are at risk of suffering from physical stress symptoms as a result of money problems.
Federal Treasurer Wayne Swan on Tuesday announced the Federal Government of Australia’s intention of propping up the beleaguered auto loan industry and in particular Ford Credit through the activation of a special industry wide guarantee.