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Encouraging business conditions to curb rate falls
by Staff Reporter • 12 May 2009
Business conditions improved significantly in April, NAB said yesterday, with its monthly business survey revealing a... READ MORE
ASIC cautions lenders on recouping losses for fraudulent loans
by Staff Reporter • 11 May 2009
The warning comes as ASIC intervenes in a case involving FirstMac (as Tonto Home Loans), who is looking to recoup... READ MORE
Suncorp drops commercial
by Staff Reporter • 8 May 2009
The decision was made as a result of funding pressures, including its reliance on wholesale funding which it said has... READ MORE
US banks need $100 billion to bolster reserves
by Staff Reporter • 8 May 2009
According to the results of the government’s bank ‘stress tests’, 10 of the country’s 19... READ MORE
NSW facing perilous building slump:BIS
by Staff Reporter • 7 May 2009
Low interest rates and first home buyer incentives are contributing to a rebound in new housing demand, BIS Shrapnel... READ MORE
Unemployment to keep impairment charges high: Westpac
by Staff Reporter • 6 May 2009
Gail Kelly, Westpac CEO, commented that while it was disappointing to announce a decline in cash earnings the... READ MORE
UK lender launches two-tier interest rate system
by Staff Reporter • 4 May 2009
The two-tier system reflects an ongoing tightening of lenders’ policies and conservation of funds in response... READ MORE
RBA cash rate 'no correlation' with banks' funding costs: ANZ
by Staff Reporter • 4 May 2009
"Every little bit of stress that we can remove from our borrower, that's got to be good for us – it will reduce the... READ MORE
St George latest to tighten LVR criteria
by Staff Reporter • 4 May 2009
St George’s maximum LVR for new customers will today reduce to 90 per cent (plus LMI premium to a maximum of 92... READ MORE
CBA calls for purchase price review as Bankwest reports $139m loss
by Staff Reporter • 1 May 2009
CBA paid $2.1 billion for Bankwest back in December last year but has activated a clause in the sale agreement by... READ MORE
Lenders to do ?all possible? to improve service levels
by Staff Reporter • 30 Apr 2009
“All possible” would be done to ensure third-party demand levels were being met at a comparable time... READ MORE
Payday lenders boom as unemployment gathers pace
by Staff Reporter • 30 Apr 2009
A payday lender charges high interest rates over very short terms – usually to cover short-term consumer... READ MORE
Banks beef up provisions in expectation of bad SME debts
by Staff Reporter • 29 Apr 2009
Opening the interim profit reporting season for the major banks yesterday NAB said it expected bad debts to balloon... READ MORE
Industry to tackle servicing levels
by Staff Reporter • 29 Apr 2009
Yesterday’s widely anticipated industry meeting between aggregation groups and lenders addressed a range of... READ MORE
Don't bank on further rate cuts: NAB
by Staff Reporter • 29 Apr 2009
Mr Clyne said the official cash rate had only a limited impact on banks’ funding costs and said greater... READ MORE
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