2008 Media Release
GE Money to sell Wizard to Aussie Home Loans
24 December 2008
GE Money has today agreed to sell its Wizard Home Loans brand and franchise network in Australia to Aussie Home Loans. In conjunction with Aussie’s purchase, the Commonwealth Bank is acquiring up to A$4 billion of mortgages originated by Wizard.
Read more [PDF]
24 December 2008
GE Money has today agreed to sell its Wizard Home Loans brand and franchise network in Australia to Aussie Home Loans. In conjunction with Aussie’s purchase, the Commonwealth Bank is acquiring up to A$4 billion of mortgages originated by Wizard.
Read more [PDF]
GE Money and Ardoch Youth Foundation bring a taste of the Australian Open to the students of Richmond West Primary School
18 December 2008
Official lender of the Australian Open, GE Money brought the excitement of Grand Slam tennis to the students of Richmond West Primary School today by staging the ‘Australian Open Day’ at the school with community partner Ardoch Youth Foundation.
Read more [PDF]
18 December 2008
Official lender of the Australian Open, GE Money brought the excitement of Grand Slam tennis to the students of Richmond West Primary School today by staging the ‘Australian Open Day’ at the school with community partner Ardoch Youth Foundation.
Read more [PDF]
Wizard Home Loans New Zealand to close due to global financial crisis
17 December 2008
GE Money has announced today its reluctant decision to close its New Zealand Wizard Home Loan business as a result of the global financial crisis and New Zealand home loan market conditions.
Read more [PDF]
17 December 2008
GE Money has announced today its reluctant decision to close its New Zealand Wizard Home Loan business as a result of the global financial crisis and New Zealand home loan market conditions.
Read more [PDF]
GE Money reduces home loan interest rates by up to .9 percent
15 December 2008
GE Money has announced it will reduce home loan variable interest rates by 90 basis points for Wizard loans and most mortgages sold through third party mortgage managers, brokers and other introducers, and 75 basis points for the Specialist Options range of mortgages following the latest review of its cost of funding and the recent Reserve Bank’s change to the cash rate.
Read more [PDF]
15 December 2008
GE Money has announced it will reduce home loan variable interest rates by 90 basis points for Wizard loans and most mortgages sold through third party mortgage managers, brokers and other introducers, and 75 basis points for the Specialist Options range of mortgages following the latest review of its cost of funding and the recent Reserve Bank’s change to the cash rate.
Read more [PDF]
Ten easy tips from GE Money to make your money work harder when buying your presents (and essentials) this holiday season
1 December 2008
In response to present economic uncertainty Australia’s largest consumer and retail finance company, GE Money, advises people to carefully plan how they pay for Christmas presents and stocktake-sale purchases this year, and ensure that when using credit cards, interest free promotional offers and other finance that they budget accordingly.
Read more [PDF]
1 December 2008
In response to present economic uncertainty Australia’s largest consumer and retail finance company, GE Money, advises people to carefully plan how they pay for Christmas presents and stocktake-sale purchases this year, and ensure that when using credit cards, interest free promotional offers and other finance that they budget accordingly.
Read more [PDF]
GE Money reduces home loan interest rates by up to .75 per cent
18 November 2008
GE Money has announced it will reduce home loan variable interest rates by 75 basis points for Wizard loans, 58 basis points for most mortgages sold through third party mortgage managers, brokers and other introducers, and 50 basis points for the Specialist Options range of mortgages following the latest review of its cost of funding and the recent Reserve Bank’s change to the cash rate.
Read more [PDF]
18 November 2008
GE Money has announced it will reduce home loan variable interest rates by 75 basis points for Wizard loans, 58 basis points for most mortgages sold through third party mortgage managers, brokers and other introducers, and 50 basis points for the Specialist Options range of mortgages following the latest review of its cost of funding and the recent Reserve Bank’s change to the cash rate.
Read more [PDF]
GE Money ceases offering home loans through third party mortgages, motor finance and small business finance in Australia and New Zealand
24 October 2008
GE Money has announced today it will cease offering home loans through third parties (brokers, mortgage managers and other originators except Wizard), motor finance and small business finance in Australia and New Zealand. This is a result of the extreme volatility and greatly increasing cost of funds on the global and local wholesale markets.
Read more
24 October 2008
GE Money has announced today it will cease offering home loans through third parties (brokers, mortgage managers and other originators except Wizard), motor finance and small business finance in Australia and New Zealand. This is a result of the extreme volatility and greatly increasing cost of funds on the global and local wholesale markets.
Read more
GE Money holds rate on third party mortgages
15 October 2008
Unprecedented cost of funds increases have left GE Money unable to pass on rate reduction to mortgages sold through third party mortgage managers and brokers. This position is to be reviewed as funding costs change.
Read more
15 October 2008
Unprecedented cost of funds increases have left GE Money unable to pass on rate reduction to mortgages sold through third party mortgage managers and brokers. This position is to be reviewed as funding costs change.
Read more
Financial New Year Resolutions from GE Motor
3 July 2008
Now is the time to make your financial New Year resolutions, and according to GE Money Motor Division, the next 12 months will require some careful attention to avoid costly mistakes.
Read more
3 July 2008
Now is the time to make your financial New Year resolutions, and according to GE Money Motor Division, the next 12 months will require some careful attention to avoid costly mistakes.
Read more
Car dealers feel the pinch as consumers cash in
6 June 2008
Following the release of May VFACTS data, GE Money Motor Division claims Australian car dealers are doing it tough with car sales flat, and negative figures reported in Queensland, the ACT, WA and NSW.
Read more
6 June 2008
Following the release of May VFACTS data, GE Money Motor Division claims Australian car dealers are doing it tough with car sales flat, and negative figures reported in Queensland, the ACT, WA and NSW.
Read more
GE Money considers options for Wizard
27 May 2008
Following a recent review, GE Money is considering strategic options for its Wizard home lending business, including a strategic partnership, joint venture or sale.
Read more
27 May 2008
Following a recent review, GE Money is considering strategic options for its Wizard home lending business, including a strategic partnership, joint venture or sale.
Read more
Mortgage draw-downs can double car costs warn GE Money
23 May 2008
The trend towards drawing down on mortgages for major purchases could lead to future troubles for Australian households according to GE Money.
Read more
23 May 2008
The trend towards drawing down on mortgages for major purchases could lead to future troubles for Australian households according to GE Money.
Read more
GE cautions consumers as car prices move into low gear
31 March 2008
Cars are more affordable today than 10 years ago, but GE Motor Division has cautioned consumers against racing into a purchase without careful financial planning.
Read more
31 March 2008
Cars are more affordable today than 10 years ago, but GE Motor Division has cautioned consumers against racing into a purchase without careful financial planning.
Read more
GE Money launches Australia’s first green credit card
14 January 2008
GE Money has unveiled an Australian-first credit card that helps offset a user’s carbon footprint.
Read more
14 January 2008
GE Money has unveiled an Australian-first credit card that helps offset a user’s carbon footprint.
Read more
Media Enquiries
- Katie Lennon
Corporate Communications
Leader
Australia and New
Zealand
+61 (0)2 9324 7095
+61 (0)406 316 907
katie.lennon@ge.com