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Britain cannot afford further stimulus: Bank of England
by Staff Reporter • 25 Mar 2009
Appearing before the Treasury Select Committee overnight, Mervyn King, Bank of England governor, said; "I... READ MORE
Citibank puts brakes on origination
by Staff Reporter • 25 Mar 2009
The lender has seen a surge in business in recent months which has exceeded targeted levels and neared record... READ MORE
US government to buy up banks' toxic assets
by Staff Reporter • 24 Mar 2009
The plan is anticipated to help banks start lending again by removing devalued loans and assets from their balance... READ MORE
AMP Bank prices $535 million RMBS
by Staff Reporter • 24 Mar 2009
The transaction was sold to six investors with the AOFM participation totalling $425 million – a full tranche... READ MORE
Increased FHOG could drive first home buyers to bankruptcy
by Staff Reporter • 23 Mar 2009
Professor Steve Keen of the University of Western Sydney told The Daily Telegraph the first home buyer incentives... READ MORE
Non-bank launches 4.8 pc discount rate for FHBs
by Staff Reporter • 23 Mar 2009
The product, which is available for loans up to 90 per cent LVR, can be offered by brokers until the end of this... READ MORE
ANZ tightens lending criteria for top tier properties
by Staff Reporter • 23 Mar 2009
Effective today, for homes valued by the bank at $2 million or more ANZ’s maximum LVR will reduce from 80 to 75... READ MORE
Homeloans launches product to 'take on banks'
by Staff Reporter • 20 Mar 2009
Available as of Monday March 23 the All in One offers borrowers a variable rate of 5.29 per cent, a fully... READ MORE
Apartments and units dwelling starts slide
by Staff Reporter • 20 Mar 2009
New dwelling commencements decreased to 32,637 during the quarter, the ABS said yesterday, resulting in a 9.9 per... READ MORE
Leading index points to rate cut in April
by Staff Reporter • 19 Mar 2009
Released yesterday, the Westpac-Melbourne Institute Leading Index, which indicates the likely pace of economic... READ MORE
CBA repayment freeze extended to unemployed
by Staff Reporter • 18 Mar 2009
Speaking at a business lunch yesterday, CBA CEO Ralph Norris, said the bank would offer a six month break to... READ MORE
Migration cuts unlikely to have big impact on dwelling shortage
by Staff Reporter • 17 Mar 2009
Kevin Rudd said yesterday that the government would decrease this year’s skilled migrant intake by about 18,500... READ MORE
ING DIRECT tightens credit policy
by Staff Reporter • 16 Mar 2009
From the 20 March, ING DIRECT’s maximum LVR for LMI applications will reduce to 90 per cent.
For all... READ MORE
Government extends 'Rudd Bank' to protect Australian businesses
by Staff Reporter • 13 Mar 2009
The initiative, dubbed “Rudd Bank”, is a joint venture set up between the government and Big Four banks to protect... READ MORE
Freddie delivers another shocking loss
by Staff Reporter • 12 Mar 2009
The result follows a similar US$25.3 billion (A$38.9 billion) loss recorded for the third quarter last year and... READ MORE
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