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Citigroup and Merrill Lynch, two of Wall Street’s biggest names, are seeking emergency funding from foreign investors to offset losses stemming from exposure to sub-prime mortgage securities.
The search for capital by Citigroup and Merrill Lynch, the second in just weeks, indicates that the credit crisis may be having an even greater impact on Wall Street than expected.
Major bank overhauls assessment process
A big four bank has bolstered its assessment team and will priori...
Industry reacts to cash rate decision
The Reserve Bank of Australia has announced its decision to leave...
Ignorance of extended asset write-off a boon for brokers
More than a third of SMEs are unaware of the extended instant ass...
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The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
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