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Australian Bankers' Association speaks out for the banks
by Staff Reporter • 15 Jan 2008
The association estimates that average funding costs for its member banks have risen by around 30 basis points, yet... READ MORE
Banks' pricing grip broken
by Staff Reporter • 15 Jan 2008
St George and Westpac increased their variable home loan rates by 0.20 per cent and 0.15 per cent respectively,... READ MORE
MyRate.com.au records surge in inquiries as banks hike rates
by Staff Reporter • 14 Jan 2008
According to the lender, savvy consumers are saying enough is enough to the major banks’ money-hungry attitudes... READ MORE
Countrywide acquired by Bank of America
by Staff Reporter • 14 Jan 2008
The purchase will make Bank of America the largest mortgage lender and loan servicer in the United... READ MORE
Bank of England holds on rates
by Staff Reporter • 11 Jan 2008
The decision to hold rates, according to a cross section of UK economists, will give the bank more time to assess the... READ MORE
Citigroup & Merrill seek billions in capital
by Staff Reporter • 11 Jan 2008
The Wall Street Journal reported that Merrill Lynch is expected to receive US$3-4 billion ($3.4-4.5 billion).... READ MORE
Big banks decline exposure to US sub-prime market
by Staff Reporter • 11 Jan 2008
A report released by Goldman Sachs this week identified CBA, NAB, ANZ and Westpac as four of 40 global lenders that... READ MORE
CBA tips consolidation in 2008
by Staff Reporter • 11 Jan 2008
“Across the financial services sector, consolidation is something that will continue to be the case in 2008,... READ MORE
Banks' actions could set market back by 20 years
by Staff Reporter • 11 Jan 2008
“Scaremongering by the banks over the impact of the tightening of credit markets has done the public a great... READ MORE
CBA joins NAB, ANZ in hiking rates
by Staff Reporter • 10 Jan 2008
The hike is two basis points less than the NAB rise announced this week and 10 basis points short of... READ MORE
ANZ Chief says rate rise won?t hurt market share
by Staff Reporter • 9 Jan 2008
“Rates are driven by the market and everyone has to work through what rates are realistic for them,” he... READ MORE
Bank's liquidity called into question
by Staff Reporter • 9 Jan 2008
Investigations have been taking place since December 07, with officials from APRA, the Treasury and the RBA meeting... READ MORE
November dwelling approvals post upturn
by Staff Reporter • 9 Jan 2008
According to the ABS approvals for private sector houses rose by 1.5 per cent, with other private dwelling approvals... READ MORE
ANZ?s rate rise under fire
by Staff Reporter • 9 Jan 2008
The Treasurer met with the RBA, the Treasury and the Australian Prudential Regulation Authority (APRA) to discuss the... READ MORE
Wholesale interest rate increases behind ANZ rate rise
by Staff Reporter • 8 Jan 2008
Effective Wednesday 9 January, the interest rate on the bank’s standard variable rate home loan will increase... READ MORE
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