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Northern Rock to be nationalised

by Staff Reporter • 18 Feb 2008
UK Chancellor of the Exchequer Alistair Darling has rejected Virgin Money’s bid for Northern Rock over the... READ MORE
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UBS posts record losses as sub-prime crisis bites

by Staff Reporter • 15 Feb 2008
European banking giant UBS yesterday posted a shocking fourth quarter loss of US$13.7 billion ($15.2 billion). READ MORE
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Unemployment hits record low

by Staff Reporter • 15 Feb 2008
The unemployment rate fell to a 33-year low in January of 4.1 per cent. READ MORE
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'Natural selection' to drive market consolidation

by Staff Reporter • 12 Feb 2008
Consolidation has been tipped once again as the future for mortgage lenders The Advertiser reported today. READ MORE
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Consumer appetite for debt slows

by Staff Reporter • 12 Feb 2008
Australian consumers have become increasingly cautious about taking on extra debt, the Veda Advantage Credit Demand... READ MORE
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Fear for viability of low and no doc loans

by Staff Reporter • 11 Feb 2008
Brokers may avoid selling low and no doc loans under proposed national industry legislation, broker groups have... READ MORE
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QLD residential property supply hit by property group collapse

by Staff Reporter • 11 Feb 2008
In a blow to the Queensland residential property sector over 200 residential building projects have been left in the... READ MORE
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Deposit accounts attractive source of funding

by Staff Reporter • 9 Feb 2008
Banks could move to offer better interest rates on deposit accounts to avoid sourcing funds from volatile credit... READ MORE
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AMP lifts rates by 0.33 per cent

by Staff Reporter • 8 Feb 2008
AMP Bank has surpassed CBA by dropping the biggest rate increase on borrowers since the February RBA rate rise,... READ MORE
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Paperless processing

by Staff Reporter • 8 Feb 2008
Straight through processing’s painfully slow progress should not detract from its potential value to the Australian... READ MORE