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Dwelling construction fails to keep up with immigration

by Staff Reporter • 4 Aug 2008
BIS said underlying demand for new dwellings would average 185,000 new dwellings over the next five years –... READ MORE

Suncorp forecasts profit decline

by Staff Reporter • 1 Aug 2008
While the forecast result is almost half that recorded for the same period the year, the bank remained optimistic... READ MORE

HBOS profit dips but BankWest expansion to continue

by Staff Reporter • 1 Aug 2008
The result was a decline of six per cent for the same period in 2007, which reflected the sharp increase in... READ MORE

Adelaide Bank issues RMBS

by Staff Reporter • 1 Aug 2008
The $450 million Class A notes were priced at 110 basis points over the one month BBSW and rated AAA by Standard... READ MORE

Dwelling approvals continue downward slide

by Staff Reporter • 31 Jul 2008
The total number of dwelling approvals for June stood at 12,237, seasonally adjusted, This was 0.7 per cent down... READ MORE

Plunging business conditions to usher 2009 rate cuts

by Staff Reporter • 30 Jul 2008
Business conditions have also deteriorated sharply – domestic demand growth has slowed to an annualised two per... READ MORE

NZ building plans slump to seven year low

by Staff Reporter • 30 Jul 2008
Just 1,362 housing units were authorised for construction in June, the lowest figure since 2001. Residential... READ MORE

ANZ plans for earning slide on back of increased bad debt provisions

by Staff Reporter • 28 Jul 2008
In a trading update provided to the ASX today, ANZ said credit impairment provisions in the second half of 2008 were... READ MORE

NAB outlook revised to negative

by Staff Reporter • 28 Jul 2008
The bank’s ratings were affirmed however at AA/A-1+. Standard & Poor’s credit analyst Sharad Jain... READ MORE

NAB makes $830m provisions on deteriorating CDO portfolio

by Staff Reporter • 25 Jul 2008
The portfolio, containing US residential mortgages, is now provisioned to almost 90 per cent, after the bank already... READ MORE

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
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