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Branch closures a failure: Westpac
by Staff Reporter • 27 Oct 2009
According to Mr Hanlon, the bank’s decision to morph into automated services had increasingly frustrated its... READ MORE
NAB supports acknowledgement of funding costs
by Staff Reporter • 26 Oct 2009
According to a report in The Australian, Mr Clyne said publishing the benchmark rate would help soothe the heated... READ MORE
Banks may face higher costs
by Staff Reporter • 23 Oct 2009
Earlier this month APRA proposed some changes to the liquidity rules currently governing the industry after saying the... READ MORE
Bumper selling weekend ahead: RP Data
by Staff Reporter • 23 Oct 2009
According to RP Data’s national research director Tim Lawless, the number of auctions is one of the highest on... READ MORE
RESIMAC sells $230 million RMBS
by Staff Reporter • 22 Oct 2009
The main class of bonds, which fetched $185.1 million, priced at 140 basis points more than the one month bank bill... READ MORE
NAB changes Homeside price structure
by Staff Reporter • 19 Oct 2009
Effective immediately, the new HomePlus variable rate loan will be based on a customer’s total Homeside lending and... READ MORE
Suncorp confirms deal with Hooker
by Staff Reporter • 16 Oct 2009
As well as the $67 million from the sale, Suncorp will realise $15 million in cash from pre-completion dividends.
In... READ MORE
BoQ eyes acquisition targets
by Staff Reporter • 16 Oct 2009
Yesterday, BoQ chief executive David Liddy announced the company’s results for the 12 months to September and said... READ MORE
CBA, NAB deliver lowest comparison rate of the majors
by Staff Reporter • 15 Oct 2009
At 6.12 per cent, the Commonwealth Bank of Australia (CBA) and the National Australia Bank (NAB) have the lowest... READ MORE
Lenders given more investigation powers
by Staff Reporter • 15 Oct 2009
According to today’s The Australian Financial Review, the government has announced changes to the Privacy Act which... READ MORE
BoQ chief blasts bank guarantee
by Staff Reporter • 14 Oct 2009
Speaking at a conference yesterday, Mr Liddy rejected calls for a wide ranging banking review and instead said a... READ MORE
NAB revises rate and house prices forecast
by Staff Reporter • 13 Oct 2009
According to NAB’s latest monthly business survey and economic outlook, released today, the RBA will raise rates 50... READ MORE
Mid-tier lenders receive $8bn RMBS boost
by Staff Reporter • 12 Oct 2009
Treasurer Wayne Swan announced yesterday that the government would buy up to $8 billion in mortgage bonds from small... READ MORE
Arrears slides on RMBS
by Staff Reporter • 9 Oct 2009
According to a recent report from Standard & Poor, arrears fell from 1.44 per cent in June 2009.
“Over the last six... READ MORE
ANZ first to move on rates
by Staff Reporter • 8 Oct 2009
Some of the bank’s selected deposit products will rise by up to 0.50 per cent p.a., including its ANZ Progress Saver... READ MORE
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