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Banks? profits up 13 per cent, mutuals down
by Staff Reporter • 25 Mar 2008
Total net profits for the banking sector for the year ending September 2007 reached $22,281 million – up 13 per... READ MORE
ING DIRECT to fund Resi
by Staff Reporter • 19 Mar 2008
Macquarie Bank’s recent departure from mortgage lending left Resi short of a key funder and so the addition of... READ MORE
March 08: Lenders warned of 'bleak' outlook
by Staff Reporter • 18 Mar 2008
In an interview with Mortgage Business, Fujitsu Consulting’s Martin North predicted a grim outlook for sufferers of... READ MORE
Younger Australians falling in and out of love, and their homes
by Staff Reporter • 13 Mar 2008
But according to the academics, they’re also having more difficulty sustaining their purchases.
“Our... READ MORE
Latest commercial and leasing finance commitments up on December
by Staff Reporter • 13 Mar 2008
The increase was attributed to a rise in both revolving credit commitments (up 20.2%) and fixed lending commitments... READ MORE
Increase rates or limit lending: ANZ
by Staff Reporter • 12 Mar 2008
The bank’s group managing director of personal banking Brian Hartzer said the decision was due to the increased... READ MORE
CBA lifts rates by 0.35pc
by Staff Reporter • 11 Mar 2008
Group executive of retail banking services Ross McEwan said the bank has absorbed a significant proportion of the... READ MORE
Virgin Money ?unaffected? by Macquarie?s exit
by Staff Reporter • 10 Mar 2008
“Since the onset of the credit crunch in August, our volumes have slowed down in line with forecasts,” a... READ MORE
Building approvals better but not enough
by Staff Reporter • 10 Mar 2008
Total dwelling approvals for the month rose to 13,166 – 1.9 per cent more than in December 2007.
While a... READ MORE
Westpac follows NAB with rate hike over RBA increase
by Staff Reporter • 8 Mar 2008
From Tuesday 11 March the bank’s standard variable mortgage rate will sit at 9.27 per cent.
Westpac acting... READ MORE
NAB first major bank to push above RBA rate rise
by Staff Reporter • 7 Mar 2008
Head of NAB Ahmed Fahour said the bank had lifted rates four basis points above the official cash rate rise because... READ MORE
Banks may have to cut back on loans: RBA
by Staff Reporter • 6 Mar 2008
In a speech on the Australian bond market, RBA assistant governor Guy Debelle said that deteriorating credit market... READ MORE
Adelaide Bank lifts wholesale rate over RBA hike
by Staff Reporter • 6 Mar 2008
"Our delivered cost of wholesale funds has increased by 40 basis points, or 15 basis points above the RBA,"... READ MORE
City Pacific requests trading halt as shares plummet
by Staff Reporter • 5 Mar 2008
The drop in share value came as investor concerns mounted around the company’s ability to repay a $240 million... READ MORE
Bluestone to issue two RMBS deals
by Staff Reporter • 3 Mar 2008
Founder of the non-conforming lender Alistair Jeffery said Bluestone is hoping to issue two small deals in the next... READ MORE
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