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Westpac delivers strong profit result

by Staff Reporter • 1 May 2008
Chief executive Gail Kelly said the result demonstrated that the bank was managing current market volatility... READ MORE

Uncertain outlook for building societies: Moody's

by Staff Reporter • 29 Apr 2008
According to the ratings agency, high funding costs and the closure of RMBS markets are likely to constrain loan... READ MORE

New home building to lag until 2009/10

by Staff Reporter • 29 Apr 2008
According to the HIA, higher interest rates and construction costs will continue to fuel a widening gap between the... READ MORE

Second largest UK lender halves maximum loan size

by Staff Reporter • 29 Apr 2008
The reduction in the lender’s maximum loan size was announced overnight along with a change of maximum LVR from... READ MORE

Westpac hikes variable interest rates

by Staff Reporter • 28 Apr 2008
The change will bring the bank’s standard variable rate to 9.47 per cent, and in line with NAB and ANZ -- who... READ MORE

ANZ and NAB hike rates

by Staff Reporter • 28 Apr 2008
The new rates will take effect from today and will bring NAB’s standard variable to 9.46 per cent and... READ MORE

New funding, pricing for Collins Securities

by Staff Reporter • 24 Apr 2008
The new range, which is being offered to selected brokers and financial planners, includes a basic home loan at 8.60... READ MORE

Industry backs broker channel despite lender withdrawals

by Staff Reporter • 23 Apr 2008
Credit Union Australia (CUA) and Australian Seniors Finance (ASF) are the latest lenders to withdraw from the broker... READ MORE

Seven pc drop to ANZ profit

by Staff Reporter • 23 Apr 2008
The fall in profit was largely driven by a significant increase in credit impairment charges of $980 million. Despite... READ MORE

Bank of England liquidity scheme launched

by Staff Reporter • 22 Apr 2008
Under the scheme banks will be able to enter into new asset swaps for the term of one year. They will be able to... READ MORE

Credit crunch hammers Bank of America earnings

by Staff Reporter • 22 Apr 2008
The fall represented an enormous 77 per cent slump in earnings from the US$5.26 billion recorded a year... READ MORE

Building activity slides

by Staff Reporter • 21 Apr 2008
The largest falls were recorded in the Northern Territory (-9.2 per cent), New South Wales (-6.8 per cent) and... READ MORE

Insurer downgrades cause funding problems for Capital Securities

by Staff Reporter • 21 Apr 2008
Due to the requirement that all loans funded by institutional warehouse facilities be insured by an insurer with... READ MORE

ASF says it will continue financing seniors

by Staff Reporter • 17 Apr 2008
John Thomas, managing director of ASF, said the company had only decided to cease selling equity release products... READ MORE

Lenders? rate rises dampen consumer demand: RBA

by Staff Reporter • 15 Apr 2008
Taking into account the additional rises in funding costs passed on by lenders, the RBA’s Monetary Policy... READ MORE
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