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Irish government extends life line to leading banks
by Staff Reporter • 22 Dec 2008
Of the three banks to receive assistance, the Anglo Irish Bank was given 1.5 billion Euros ($3.1 billion) –... READ MORE
NAB to snap up Wizard for bargain price
by Staff Reporter • 18 Dec 2008
The bank confirmed it was in talks to purchase the Wizard brand and distribution network yesterday, with a final... READ MORE
NAB Wizard purchase imminent
by Staff Reporter • 17 Dec 2008
As well as the distribution network, NAB said it is in the final stages of negotiating to acquire up to $4 billion of... READ MORE
Westpac defends rate decision
by Staff Reporter • 12 Dec 2008
Ms Kelly said the Westpac’s 80 basis point rate reduction was wise given the continuingly high cost of funding,... READ MORE
BoQ to seek more acquisitions in 09
by Staff Reporter • 12 Dec 2008
Speaking after the bank’s annual general meeting Mr Liddy said BoQ would embark on a six month review of the... READ MORE
Resimac seals $600m RMBS deal
by Staff Reporter • 11 Dec 2008
The bulk of the deal, $325 million, was priced at 120 basis points above the one month BBSW, while $47 million priced... READ MORE
Cash rate to hit 3pc as business confidence slumps: NAB
by Staff Reporter • 9 Dec 2008
NAB’s Monthly Business Survey and Economic Outlook released today shows business confidence reached a record... READ MORE
ANZ first to raise funds with government guarantee
by Staff Reporter • 9 Dec 2008
According to The Australian Financial Review, the bank will announce this morning that it will raise cash using the... READ MORE
Consumer sentiment and spending key to economic recovery
by Staff Reporter • 8 Dec 2008
According to the analyst the RBA’s recent rate reductions and government’s fiscal stimulus package will... READ MORE
ANZ to cut 800 jobs in next two weeks
by Staff Reporter • 8 Dec 2008
In a statement last month, the bank told Mortgage Business the job cuts will be to middle management... READ MORE
Macquarie sheds jobs
by Staff Reporter • 5 Dec 2008
According to The Australian Financial Review the investment bank sacked between 500 and 1000 staff yesterday after... READ MORE
CBA tops majors with best SVR rate
by Staff Reporter • 5 Dec 2008
In what has been a previously tight field, a significant gap has now opened between the major banks. With such a wide... READ MORE
Challenger prices $824m RMBS deal
by Staff Reporter • 5 Dec 2008
The top-rated tranche of the sale was priced at 135 basis points over the one month bank bill swap rate with $324... READ MORE
Weak building approvals to persist into new year
by Staff Reporter • 5 Dec 2008
Data released by the ABS yesterday showed total building approvals fell 5.4 per cent in October, seasonally adjusted,... READ MORE
Consumer spending up in October
by Staff Reporter • 3 Dec 2008
According to the figures, retail spending rose by 0.7 per cent seasonally adjusted in October compared to September... READ MORE
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