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Centro hit by credit crunch

Centro Properties Group (Centro) may become the first major Australian real estate casualty of the global credit crisis. In its...
March 20, 2019 0
ANZ, Westpac and the Commonwealth Bank have all made a move to offset higher funding costs through raising rates 15 to 25 basis points a...
December 17, 2007 0
Struggling UK lender Northern Rock has taken a £281 million (A$653 million) hit as a result of the credit crisis. The wr...
December 14, 2007 0
In a show of solidarity not seen since September 11, the Federal Reserve (Fed), European Central Bank (ECB) and three other central bank...
December 13, 2007 0
Businesses across the financial services sector are now required to implement anti-money laundering/counter-terrorism financing (AML/CTF...
December 13, 2007 0
Australia’s big four banks’ profit margins will shrink considerably unless they pass on the higher costs of funding to their...
December 12, 2007 0
Club Financial Services (Club) today announced the acquisition of franchise-operated mortgage brokerage The Mortgage Bureau. T...
December 12, 2007 0
The US Federal Reserve's Federal Open Market Committee (FOMC) decided yesterday to lower interest rates by 25 basis points to 4.25 per c...
December 12, 2007 0
The non-bank sector struggled again in October to hold onto market share. Figures released by the ABS yesterday revealed the n...
December 11, 2007 0
Non-conforming lender Bluestone successfully priced a A$408.9 million RMBS through lead arrangers Barcap and Westpac on Friday. ...
December 10, 2007 0
Planned US government initiatives to help ease the impact of the sub-prime crisis have been met with cautious approval by the Australian...
December 10, 2007 0
The Bank of Queensland (BoQ) yesterday confirmed it will continue to look for strategic acquisitions to strengthen its national network....
December 07, 2007 0
The RBA will need to raise interest rates to curb growth and inflation the Organisation for Economic Cooperation and Development (OECD) ...
December 07, 2007 0
The Bank of England Monetary Policy Committee yesterday voted to reduce the official cash rate by 25 basis points to 5.5 per cent. ...
December 07, 2007 0
Firstfolio has announced plans to move into niche markets beyond mortgage lending. The company has signed an exclusive licensin...
December 07, 2007 0
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