The Brookfield-backed company collapsed into administration after the twin brothers who founded the debt collection business fell out with one another.
The tailing off of refinancing is fuelling a rosier outlook for housing delinquencies as borrowers come to terms with higher-for-longer interest rates.
A failed bid to merge with Fox Corporation pointed out the inherent value in a couple of News Corp’s assets. One investor cashed in on the rise.
Private capital hunters – domestic superannuation funds, offshore pension funds and asset managers such as KKR and Brookfield – have their chequebooks out and are trying to get their hands on $50 billion of Australian targets.
The branch, which manages six toll roads, is losing more senior staff following a restructure and investigation into whistleblower complaints.