Get notifications in real-time for staying up to date with content that matters to you.
Wizard Home Loans’ founder Mark Bouris will seek to regain control of the lender just four years after selling it to GE Money.
According to The Australian, Mr Bouris has “asked GE Money to pay him millions of dollars upfront to run the business, plus a stake in the company so he can sell it at a later date”.
GE Money is believed to be seeking to avoid any such deal with Mr Bouris through finding an alternative buyer.
An announcement concerning the sale is expected to come from GE Money on Wednesday, the paper said
Published: 26-05-08
Broker support is critical for borrowers looking to capitalise on...
The aggregator has welcomed specialty asset finance lender Austra...
The mortgage aggregator has announced the appointment of new busi...
The number one magazine for mortgage brokers
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Receive breaking news direct to your inbox each day
