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Warnings over Aussie banks' funding strategies
by Staff Reporter • 18 Jun 2009
Cameron Clyne, CEO of NAB, told The Australian Financial Review today, that rather than debating banks’ mortgage... READ MORE
Home building down 22 per cent
by Staff Reporter • 18 Jun 2009
Only 30,949 new dwellings were started in the March quarter, the ABS said yesterday, a quarterly contraction of four... READ MORE
Citibank to back Virgin Money
by Staff Reporter • 17 Jun 2009
Citibank will provide product investment support to help Virgin launch a new credit card and online savings account... READ MORE
RuddBank lost in the Senate
by Staff Reporter • 17 Jun 2009
The initiative, formally known as the Australian Business Investment Partnership, was intended to support the... READ MORE
Big banks to reconnect with SMEs
by Staff Reporter • 16 Jun 2009
CBA last week announced that it would relocate specialised teams of business bankers to selected retail branches, The... READ MORE
Westpac, NAB hike fixed rates
by Staff Reporter • 16 Jun 2009
Effective today, Westpac’s fixed rate loans will rise by between 10 and 50 basis points. The hike will take its... READ MORE
CBA bucks criticism, lifts fixed rates
by Staff Reporter • 15 Jun 2009
The decision to hike fixed rates follows an increase to its standard variable rate last Friday, which received heavy... READ MORE
NAB to launch Islamic lending business
by Staff Reporter • 15 Jun 2009
The loans will generate revenue for the bank through profit-sharing on the transaction, joint ventures or... READ MORE
Suncorp to shed jobs
by Staff Reporter • 15 Jun 2009
According to today’s Sydney Morning Herald the bank has flagged staff cuts but it would not confirm the... READ MORE
Commonwealth Bank hikes home loan rates
by Staff Reporter • 12 Jun 2009
As of Monday, the bank’s standard variable rate will rise to 5.74 per cent, the bank said today.
CBA said... READ MORE
Bad news for first home buyers as 'mum and dad bank' closes doors
by Staff Reporter • 12 Jun 2009
According to the survey 70 per cent of baby boomers said the financial crisis had eroded their assets’ value while... READ MORE
Macquarie rumoured to re-enter lending
by Staff Reporter • 12 Jun 2009
While talk of the bank’s plans to launch an aggregation business has dominated the industry for some time, Mortgage... READ MORE
No denial of rate rise at CBA
by Staff Reporter • 11 Jun 2009
According to the Herald Sun, banking analysts have suggested the lender may increase its standard variable rate (SVR)... READ MORE
No firm govt commitment to continue RMBS programme
by Staff Reporter • 10 Jun 2009
Launched late last year, the government hoped to increase market competition through purchasing new RMBS issues... READ MORE
RBA backs lender rate cut restraint
by Staff Reporter • 5 Jun 2009
In a speech at James Cook University yesterday, Mr Stevens said there was still scope to ease monetary policy... READ MORE
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