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NAB’s net profit down 42.9pc
by Staff Reporter • 28 Oct 2009
Earlier today, the bank released its full year results for 2009 which showed higher funding costs had also driven down... READ MORE
Funding costs to push rates higher: CBA
by Staff Reporter • 28 Oct 2009
At a media briefing yesterday, Kathy Cummings, executive general manager of third-party banking, told journalists that... READ MORE
ANZ rated number one for customer satisfaction
by Staff Reporter • 28 Oct 2009
According to the poll, ANZ ranked as the market leader at 74.3 per cent, slightly ahead of Westpac in second position... READ MORE
ANZ vows to toe interest rate line
by Staff Reporter • 27 Oct 2009
According to a report in Herald Sun, ANZ chief executive Mike Smith said the bank would not deviate from the RBA rate... READ MORE
Branch closures a failure: Westpac
by Staff Reporter • 27 Oct 2009
According to Mr Hanlon, the bank’s decision to morph into automated services had increasingly frustrated its... READ MORE
NAB supports acknowledgement of funding costs
by Staff Reporter • 26 Oct 2009
According to a report in The Australian, Mr Clyne said publishing the benchmark rate would help soothe the heated... READ MORE
Banks may face higher costs
by Staff Reporter • 23 Oct 2009
Earlier this month APRA proposed some changes to the liquidity rules currently governing the industry after saying the... READ MORE
Bumper selling weekend ahead: RP Data
by Staff Reporter • 23 Oct 2009
According to RP Data’s national research director Tim Lawless, the number of auctions is one of the highest on... READ MORE
RESIMAC sells $230 million RMBS
by Staff Reporter • 22 Oct 2009
The main class of bonds, which fetched $185.1 million, priced at 140 basis points more than the one month bank bill... READ MORE
NAB changes Homeside price structure
by Staff Reporter • 19 Oct 2009
Effective immediately, the new HomePlus variable rate loan will be based on a customer’s total Homeside lending and... READ MORE
Suncorp confirms deal with Hooker
by Staff Reporter • 16 Oct 2009
As well as the $67 million from the sale, Suncorp will realise $15 million in cash from pre-completion dividends.
In... READ MORE
BoQ eyes acquisition targets
by Staff Reporter • 16 Oct 2009
Yesterday, BoQ chief executive David Liddy announced the company’s results for the 12 months to September and said... READ MORE
CBA, NAB deliver lowest comparison rate of the majors
by Staff Reporter • 15 Oct 2009
At 6.12 per cent, the Commonwealth Bank of Australia (CBA) and the National Australia Bank (NAB) have the lowest... READ MORE
Lenders given more investigation powers
by Staff Reporter • 15 Oct 2009
According to today’s The Australian Financial Review, the government has announced changes to the Privacy Act which... READ MORE
BoQ chief blasts bank guarantee
by Staff Reporter • 14 Oct 2009
Speaking at a conference yesterday, Mr Liddy rejected calls for a wide ranging banking review and instead said a... READ MORE
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