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Last investment banks fall under Fed?s control
by Staff Reporter • 23 Sep 2008
Goldman Sachs and Morgan Stanley will now operate as bank holding companies, which will allow them easier access to... READ MORE
No sign of financial crisis hitting Oz: Melbourne Institute
by Staff Reporter • 22 Sep 2008
According to Melbourne Institute, real GDP
slowed to 2.7 per cent in the June quarter. It predicts GDP to slow... READ MORE
Major banks back first home saver accounts
by Staff Reporter • 22 Sep 2008
The first home saver accounts are part of the Government’s first home saver scheme which it hopes will... READ MORE
Soft landing tipped for residential property
by Staff Reporter • 19 Sep 2008
Data for August released by Residex yesterday showed the average Australian house value fell by 1.3 per cent... READ MORE
Strong case for October rate cut: ACCI, Westpac
by Staff Reporter • 19 Sep 2008
While continuing to grow, the survey showed the Australian economy is certainly slowing down; the outlook for jobs... READ MORE
BankWest parent welcomes acquisition
by Staff Reporter • 19 Sep 2008
David Willis, HBOS Australia CEO, said Lloyds TSB’s credit rating and
capital strength would enhance the... READ MORE
Britain?s biggest mortgage lender forced to sell
by Staff Reporter • 18 Sep 2008
The news comes after HBOS’ shares lost more than half their market value in just three days this week.
Lloyds... READ MORE
Lehman files for bankruptcy
by Staff Reporter • 16 Sep 2008
The announcement marked the second largest financial institutional collapse and the biggest ever bankruptcy in... READ MORE
US banks launch $85b fund to mitigate liquidity pressures
by Staff Reporter • 16 Sep 2008
The consortium, which includes Bank of America, Barclays, Citibank, and JPMorgan Chase, said in a joint statement... READ MORE
Bank of America to purchase Merill Lynch
by Staff Reporter • 16 Sep 2008
The news follows Bank of America’s abandonment of its bid for troubled Lehman Brothers earlier today.
Bank of... READ MORE
Australian banks weather credit crisis
by Staff Reporter • 12 Sep 2008
Tim Roche, associate director at Fitch’s Financial Institutions Group, said slowing loan growth, rising... READ MORE
Stargate launches new processing and packaging solution
by Staff Reporter • 12 Sep 2008
The new initiative, called loanPACK, will provide front-end processing and packaging solutions as well as loan book... READ MORE
Challenger issues $400 million RMBS
by Staff Reporter • 11 Sep 2008
The $400 million transaction consists of full-doc loans with the $383 million Class A notes rated AAA by Fitch.
The... READ MORE
Suncorp issues $444 million RMBS
by Staff Reporter • 11 Sep 2008
The deal consisted of Australian prime floating rate RMBS; $400 million of which were Class A notes, rated AAA by... READ MORE
Bank overhaul announced as Lehman posts huge Q3 loss
by Staff Reporter • 11 Sep 2008
The loss, which followed a second quarter loss of $US2.8 billion, was primarily driven by gross mark-to-market... READ MORE
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