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ANZ to cut 800 jobs in next two weeks
by Staff Reporter • 8 Dec 2008
ANZ confirmed on Friday that up to 800 of the bank’s employees will lose their jobs before Christmas.
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Macquarie sheds jobs
by Staff Reporter • 5 Dec 2008
The global financial crisis reared its ugly head in Australia yesterday with reports that up to 1000 Macquarie Group... READ MORE
CBA tops majors with best SVR rate
by Staff Reporter • 5 Dec 2008
A gap of 0.26 per has cent opened up between the comparison rates offered by the big banks following the RBA’s... READ MORE
Challenger prices $824m RMBS deal
by Staff Reporter • 5 Dec 2008
The non-bank sector has received a further liquidity injection after Challenger Mortgage Management successfully... READ MORE
UK rates slashed to lowest in 70 years
by Staff Reporter • 5 Dec 2008
English rates have fallen to their lowest level since 1939 as the Bank of England battles recession.
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Weak building approvals to persist into new year
by Staff Reporter • 5 Dec 2008
Building approvals were again weak in October and are expected to remain so for much of 2009.
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City Pacific sells franchise brokerage
by Staff Reporter • 4 Dec 2008
Franchise brokerage City Pacific Finance, subsidiary of embattled City Pacific, will be sold to OneLend... READ MORE
Government urged to support shared equity products
by Staff Reporter • 4 Dec 2008
The federal opposition has called on the government to invest up to $500 million to support shared equity... READ MORE
Challenger refines operations
by Staff Reporter • 4 Dec 2008
Challenger Mortgage Management has announced further restructuring that will see Alex Moulieris move to a non... READ MORE
Record chop for NZ rates
by Staff Reporter • 4 Dec 2008
The Reserve Bank of New Zealand (RBNZ) slashed its cash rate by an unprecedented 150 basis points today in a bid to... READ MORE
Jennifer Nielsen to head ?online and marketing? for Ray White
by Staff Reporter • 4 Dec 2008
One year after the X Inc and Ray White’s Loan Market merger, CEO Jenifer Nielsen has stepped down.
Economy narrowly avoids negative growth
by Staff Reporter • 4 Dec 2008
Australian economic growth buckled in the September quarter under the weight of 12 year high interest rates, a... READ MORE
US a year into recession
by Staff Reporter • 3 Dec 2008
The American economy is officially in recession the country’s National Bureau of Economic Research has... READ MORE
Consumer spending up in October
by Staff Reporter • 3 Dec 2008
Retail spending improved surprisingly in October, ABS data released yesterday revealed.
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Major banks quick to cut rates
by Staff Reporter • 3 Dec 2008
Most of the big banks have wasted no time in announcing rate reductions but not all have decided to hand back the full... READ MORE
Property market to pick up on back of rate reductions
by Staff Reporter • 3 Dec 2008
Another sizeable rate cut from the RBA yesterday is welcome news for the mortgage industry and could now spark... READ MORE
Cash rate hits six year low
by Staff Reporter • 3 Dec 2008
The official cash rate has fallen to 4.25 per cent after the Reserve Bank today made a further reduction of 100 basis... READ MORE
Moody's backs government wholesale guarantee scheme
by Staff Reporter • 2 Dec 2008
Moody's Investors Service yesterday announced that it has approved the government’s wholesale bank guarantee... READ MORE
Aussies up to $700 a month better off
by Staff Reporter • 2 Dec 2008
The average Australian now has close to $700 more in the kitty each month than they did just six months ago, according... READ MORE
More land at lower cost essential for residential recovery
by Staff Reporter • 2 Dec 2008
Spiralling land costs and the inadequate release of new land could inhibit a recovery in residential dwelling... READ MORE
More finance job cuts on the cards
by Staff Reporter • 2 Dec 2008
Further job cuts are expected to hit the banking and finance sector before Christmas as the industry attempts to... READ MORE
Affordability improves but credit a concern
by Staff Reporter • 1 Dec 2008
The first improvement in housing affordability since early 2007 is good news for the broking industry but there are... READ MORE
Misconduct lands Geelong broker in jail
by Staff Reporter • 1 Dec 2008
A Geelong mortgage broker will spend at least one year in jail after his appeal was denied by the Victorian Court of... READ MORE
Bank deposits soar
by Staff Reporter • 1 Dec 2008
Australians have turned to the safety of bank deposit accounts in favour of risking their money in volatile... READ MORE
UK Government buys major RBS stake
by Staff Reporter • 1 Dec 2008
In the biggest bank bailout in the UK to date, the British government has purchased a majority stake in Royal Bank of... READ MORE
Excessive stamp duty costs hinder market recovery
by Staff Reporter • 1 Dec 2008
While first home buyer activity is set to benefit from government incentives, spiralling stamp duty costs could see... READ MORE
Diversification gathers pace
by Staff Reporter • 1 Dec 2008
Insurance is fast becoming a significant product offering for brokers, according to Choice Aggregation Services (CAS)... READ MORE
Broker convicted of assault
by Staff Reporter • 29 Nov 2008
Mortgage broker Jason Meares, brother of high profile model Jodhi Meares, was found guilty of assaulting an undercover... READ MORE
Lack of liquidity to continue
by Staff Reporter • 28 Nov 2008
Liquidity will remain a challenge for Australian lenders with securitisation markets showing little signs of recovery... READ MORE
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