Chasing earnings growth has hurt Thorn; we believe a focus on the core leasing business is sensible.
Thorn Group confirmed it was served a statement of claim in relation to past lending practices. This is not a good development coming just as Thorn was moving on from the resolution of its issues with the Australian Securities and Investments Commission, or ASIC, with respect to its responsible lending obligations with consumer leases. It is too early to speculate on the outcome, but we assume it will be a distraction for the business. Potential negative publicity surrounding the case and any ch...Thorn Group is a financial service provider. Co. has four reportable segments: Consumer Leasing, which leases household products; Business Finance, which provides financial products to small and medium enterprises including equipment leasing, trade finance and invoice discounting; Receivables Management, which provides receivables management, debt recovery, credit information services, debt purchasing and other financial services; and Consumer Finance, which provides personal loans.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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