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Building slump supports argument for further rate cuts
by Staff Reporter • 9 Jan 2009
The news however adds weight to the argument for a substantial cut to the official cash rate next month.
ABS data... READ MORE
Suncorp rating downgraded
by Staff Reporter • 9 Jan 2009
In a statement released to the ASX yesterday, Suncorp said the change was made after the ratings agency decided that... READ MORE
Further credit rationing to come: UK lenders
by Staff Reporter • 5 Jan 2009
According to the Bank of England’s Q4 Credit Conditions Survey, a net balance of lenders, surveyed between 24... READ MORE
Personal bankruptcies up
by Staff Reporter • 5 Jan 2009
According to insolvency group SV Partners, a 2.2 per cent rise in personal bankruptcies was registered from 2007 to... READ MORE
BankWest receives ratings boost
by Staff Reporter • 23 Dec 2008
Marina Ip, an assistant vice president at Moody’s, said BankWest’s deposit and debt ratings were now... READ MORE
Consumers maintain dissatisfaction with business banks? pricing
by Staff Reporter • 23 Dec 2008
The report, issued in December, showed that since February 2008 the customer satisfaction rating for pricing has... READ MORE
Banks receive ratings downgrade
by Staff Reporter • 22 Dec 2008
Some of the banks included Barclays, Morgan Stanley, Citigroup and Bank of America.
The downgrades and revised... READ MORE
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
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