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ANZ rejects minimum volume quotas

by Staff Reporter • 24 Jun 2009
In recent weeks a number of the major banks have revealed intentions to terminate accreditations for brokers who fail... READ MORE

World Bank warns of steep contraction ahead

by Staff Reporter • 23 Jun 2009
In its Global Development Finance 2009: Charting a Global recovery, released yesterday, the World Bank said concerted... READ MORE

CBA warns of rate hikes

by Staff Reporter • 23 Jun 2009
The warning follows the bank’s decision to lift its standard variable rate by 10 basis points just over one... READ MORE

BOQ in court with franchisees

by Staff Reporter • 23 Jun 2009
At least six former franchisees are taking legal action against the bank, while another three are currently in talks... READ MORE

NAB snaps up Aviva

by Staff Reporter • 22 Jun 2009
The bank agreed to purchase the business today, including its life insurance arm, for $825 million, after a closely... READ MORE

Government to support non-banks, regionals

by Staff Reporter • 19 Jun 2009
Among the initiatives currently under consideration by treasury officials is the prospect of widening the current $8... READ MORE

St George moves on fixed rates

by Staff Reporter • 19 Jun 2009
Effective yesterday, St George’s three year fixed rate now sits 50 basis points higher. At 6.49 per cent is now... READ MORE

Banks' rates not determined solely by cash rate: RBA

by Staff Reporter • 19 Jun 2009
In a research paper released yesterday, the RBA explained that for most of the past decade banks’ funding costs had... READ MORE

Westpac underpins commitment to quality broking

by Staff Reporter • 18 Jun 2009
The initiative will recognise Australia’s top brokerage groups in the first-ever ranking of the nation’s... READ MORE

Warnings over Aussie banks' funding strategies

by Staff Reporter • 18 Jun 2009
Cameron Clyne, CEO of NAB, told The Australian Financial Review today, that rather than debating banks’ mortgage... READ MORE

Home building down 22 per cent

by Staff Reporter • 18 Jun 2009
Only 30,949 new dwellings were started in the March quarter, the ABS said yesterday, a quarterly contraction of four... READ MORE

Citibank to back Virgin Money

by Staff Reporter • 17 Jun 2009
Citibank will provide product investment support to help Virgin launch a new credit card and online savings account... READ MORE

RuddBank lost in the Senate

by Staff Reporter • 17 Jun 2009
The initiative, formally known as the Australian Business Investment Partnership, was intended to support the... READ MORE

Big banks to reconnect with SMEs

by Staff Reporter • 16 Jun 2009
CBA last week announced that it would relocate specialised teams of business bankers to selected retail branches, The... READ MORE

Westpac, NAB hike fixed rates

by Staff Reporter • 16 Jun 2009
Effective today, Westpac’s fixed rate loans will rise by between 10 and 50 basis points. The hike will take its... READ MORE
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