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ANZ raises rates
by Staff Reporter • 14 Jul 2008
The 0.15 per cent rise, which come into effect today, brings the bank’s standard variable home loan rate to... READ MORE
US bank collapses
by Staff Reporter • 14 Jul 2008
The collapse of IndyMac, which had total assets of more than $32 billion, is the second largest failure of a... READ MORE
CBA hikes rates
by Staff Reporter • 11 Jul 2008
The bank’s standard variable home loan rate will rise by 14 basis points, from 9.44 per cent to 9.58 per cent,... READ MORE
NAB seeks ABN AMRO acquisition
by Staff Reporter • 11 Jul 2008
In an announcement to the ASX, the bank said it was engaged in a process with the Royal Bank of Scotland to acquire... READ MORE
BankWest joins St George in new round of rate rises
by Staff Reporter • 10 Jul 2008
Like St George, BankWest has added 20 basis points to its rate, which brings its standard variable rate to 9.55 per... READ MORE
Big banks to spend billions on IT
by Staff Reporter • 9 Jul 2008
According to The Australian Financial Review today, the dollar value of the banks’ IT investments now looks set... READ MORE
Banks? profits to shrink unless rates rise
by Staff Reporter • 8 Jul 2008
According to the report, the banks could lose between $91 and $166 billion in their fiscal earnings for 2008 if they... READ MORE
St George hikes rates by 20bps
by Staff Reporter • 7 Jul 2008
The new rate will apply to both new and existing customers, and come into effect Tuesday 8 July.
The sustained... READ MORE
Single e-conveyancing system finally gets go ahead
by Staff Reporter • 4 Jul 2008
Under the new system, which will be implemented by March 2010, home buyers will benefit from reduced legal and... READ MORE
ING rations wholesale funding
by Staff Reporter • 4 Jul 2008
The move to ration funds was in response to the increased demand from mortgage managers as fewer wholesale lenders... READ MORE
Building approvals down in May
by Staff Reporter • 3 Jul 2008
Other dwelling building approvals dropped most considerably to 3,401– 18.2 per cent down on April.
Master... READ MORE
Adelaide Bank restructures commissions
by Staff Reporter • 3 Jul 2008
Under the commissions restructure, broker groups will have the option of an ‘all-trail’ model, which... READ MORE
Bank of America buys Countrywide
by Staff Reporter • 2 Jul 2008
BoA, the States’ second largest bank, will pay an estimated $US2.5 billion (A$2.6 billion) for the lender... READ MORE
E-conveyancing meets more road blocks
by Staff Reporter • 2 Jul 2008
The proposed national e-conveyancing system, which will allegedly save consumers up to $250 million a year, is to be... READ MORE
Members Equity Bank prices $470 RMBS
by Staff Reporter • 30 Jun 2008
The latest issue is an encouraging sign that spreads are reducing following Macquarie’s $300 million RMBS which... READ MORE
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