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Banks to remain independent of RBA rate moves
by Staff Reporter • 25 Jul 2008
Ralph Norris, CEO of Commonwealth Bank (CBA), yesterday indicated that any cut in the cash official rate would not... READ MORE
NZ Reserve Bank cuts rates
by Staff Reporter • 24 Jul 2008
While the Reserve Bank of New Zealand (RBNZ) expected inflation to hit five per cent in the September quarter it... READ MORE
CBA seeks ABN AMRO takeover
by Staff Reporter • 23 Jul 2008
The bank also advised that it had entered a period of exclusivity around negotiations and due diligence; this... READ MORE
RAMS first non-bank to restructure commissions
by Staff Reporter • 23 Jul 2008
From 15 September to 31 December upfront commissions will be reduced from their current 75 bps for low doc and 65 bps... READ MORE
NAB launches low-fee home loan
by Staff Reporter • 22 Jul 2008
The Clear Banking Home Loan, which takes NAB’s standard variable interest rate, has no monthly service fees and... READ MORE
Building activity remains weak
by Staff Reporter • 16 Jul 2008
New building activity was particularly slow, down 7.7 per cent on the previous quarter to $16.926 billion.
New... READ MORE
PMI downgrade impacts $600 million RMBS
by Staff Reporter • 16 Jul 2008
Only junior notes were downgraded yet 107 notes totalling $15.2 billion remain on review for possible downgrades once... READ MORE
Westpac concludes big banks? latest round of rate hikes
by Staff Reporter • 16 Jul 2008
The increase takes Westpac’s standard variable rate to 9.61 per cent, which will come into effect Thursday 17... READ MORE
NAB, Suncorp move on rates
by Staff Reporter • 15 Jul 2008
From Wednesday, Suncorp’s variable rate will rise by 20 basis points to 9.67 per cent.
NAB’s interest... READ MORE
Macquarie prices $700 million RMBS
by Staff Reporter • 15 Jul 2008
The Class A Senior notes, which comprised $630 million of the transaction, were priced at a high 180 basis points... READ MORE
Retail banking and mortgage jobs slide again
by Staff Reporter • 14 Jul 2008
The sector has now seen online job advertisements fall by 45.7 per cent since June 2007 – the worst result of... READ MORE
ANZ raises rates
by Staff Reporter • 14 Jul 2008
The 0.15 per cent rise, which come into effect today, brings the bank’s standard variable home loan rate to... READ MORE
US bank collapses
by Staff Reporter • 14 Jul 2008
The collapse of IndyMac, which had total assets of more than $32 billion, is the second largest failure of a... READ MORE
CBA hikes rates
by Staff Reporter • 11 Jul 2008
The bank’s standard variable home loan rate will rise by 14 basis points, from 9.44 per cent to 9.58 per cent,... READ MORE
NAB seeks ABN AMRO acquisition
by Staff Reporter • 11 Jul 2008
In an announcement to the ASX, the bank said it was engaged in a process with the Royal Bank of Scotland to acquire... READ MORE
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