The House of Representatives economics committee yesterday launched an inquiry into the Australian banking system.
In more bad news for Mobius, Standard & Poor’s Ratings Service this week placed the ratings on several of its NCM-04 notes on CreditWatch.
Gross domestic product (GDP) rose a surprising 0.6 per cent, seasonally adjusted, in the March quarter ABS data revealed yesterday.
Australia’s current slump in residential construction will leave a legacy of insufficient dwelling stock for the coming decade, Macromonitor warned yesterday.
Mortgage sale figures released by the Australian Finance Group (AFG) yesterday revealed a dramatic fall in consumer confidence and willingness to borrow.
The minister for Superannuation and Corporate Law, Senator Nick Sherry, yesterday released the Green Paper for national regulation of the financial services industry.
Consolidation across the industry may be imminent but association heads have voiced concerns over a monopolised aggregation sector.
BankWest has denied rumours its east coast expansion is under threat because of funding pressures on its parent company HBOS.
The New South Wales budget failed to provide any direct measures to assist home buyers yesterday, but in Queensland the case was quite different.
Building approvals picked up significantly in April, data from the ABS showed yesterday.
The RBA left interest rates unchanged today at 7.25 per cent as opposing forces once again left considerable uncertainty around the outlook for demand and inflation.
BankWest could be up for sale as rumour circulates that its parent company HBOS is coming under severe cost pressures.
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