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Deposit accounts attractive source of funding

Banks could move to offer better interest rates on deposit accounts to avoid sourcing funds from volatile credit markets, ABN Amro banki...
April 04, 2020

National Australia Bank (NAB) announced today that it has acquired approximately $1 billion of mortgages originated by RHG Ltd at net asset value.

February 08, 2008
AMP Bank has surpassed CBA by dropping the biggest rate increase on borrowers since the February RBA rate rise, lifting its variable home loan rate by 33 basis points to 9.02 p...
February 08, 2008
The Bank of England’s Monetary Policy Committee reduced interest rates yesterday by 0.25 percentage points to 5.25 per cent due to moderating consumer s...
February 08, 2008

Office markets around the country have recorded their best performance in 20 years according to the Property Council’s latest Office Market Report.

February 07, 2008
US-based GMAC Financial Services this week reported a US$724 million ($811 million) net loss for the fourth quarter, bringing its 2007 net loss to US$2.3 billion ($2.6 billion)...
February 07, 2008
Federal Treasurer Wayne Swan has fast-tracked plans to make switching between home loan providers easier after tensions escalated yesterday following CBA’s rate rise, ...
February 07, 2008
Federal Treasurer Wayne Swan has condemned the Commonwealth Bank’s (CBA) decision to lift its standard variable rate by 0.05 per cent more than the RBA’s official a...
February 06, 2008
The US Federal Reserve’s Senior Loan Officer Opinion Survey revealed this week that an increasing number of international financial institutions tightened their le...
February 06, 2008

Credit rating firm Moody’s Investors Service has put forward a request for comment regarding changes to how it rates financial products.

February 06, 2008

$8 billion worth of government income tax cuts has helped fuel inflation, according to ANZ.

February 06, 2008

Sydney residential vacancy rates rose slightly to 1.2 per cent in January, but sustained under-supply of rental property is still putting upward pressure on rental prices.

February 06, 2008

Q407 results from Fitch Ratings’ “Dinkum Index” have shown a decline in the number of delinquencies on Australian prime mortgages.

February 06, 2008

The Reserve Bank lifted the official cash rate today, as expected, by 25 basis points to seven per cent – the highest rate in 12 years.

February 05, 2008

National building approvals fell by a sharp 16 per cent during December from November to a seasonally adjusted 12,263 units, the ABS reported today.

February 05, 2008
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