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NZ building plans slump to seven year low

by Staff Reporter • 30 Jul 2008
Just 1,362 housing units were authorised for construction in June, the lowest figure since 2001. Residential... READ MORE

ANZ plans for earning slide on back of increased bad debt provisions

by Staff Reporter • 28 Jul 2008
In a trading update provided to the ASX today, ANZ said credit impairment provisions in the second half of 2008 were... READ MORE

NAB outlook revised to negative

by Staff Reporter • 28 Jul 2008
The bank’s ratings were affirmed however at AA/A-1+. Standard & Poor’s credit analyst Sharad Jain... READ MORE

NAB makes $830m provisions on deteriorating CDO portfolio

by Staff Reporter • 25 Jul 2008
The portfolio, containing US residential mortgages, is now provisioned to almost 90 per cent, after the bank already... READ MORE

Banks to remain independent of RBA rate moves

by Staff Reporter • 25 Jul 2008
Ralph Norris, CEO of Commonwealth Bank (CBA), yesterday indicated that any cut in the cash official rate would not... READ MORE

NZ Reserve Bank cuts rates

by Staff Reporter • 24 Jul 2008
While the Reserve Bank of New Zealand (RBNZ) expected inflation to hit five per cent in the September quarter it... READ MORE

CBA seeks ABN AMRO takeover

by Staff Reporter • 23 Jul 2008
The bank also advised that it had entered a period of exclusivity around negotiations and due diligence; this... READ MORE

RAMS first non-bank to restructure commissions

by Staff Reporter • 23 Jul 2008
From 15 September to 31 December upfront commissions will be reduced from their current 75 bps for low doc and 65 bps... READ MORE

NAB launches low-fee home loan

by Staff Reporter • 22 Jul 2008
The Clear Banking Home Loan, which takes NAB’s standard variable interest rate, has no monthly service fees and... READ MORE

Building activity remains weak

by Staff Reporter • 16 Jul 2008
New building activity was particularly slow, down 7.7 per cent on the previous quarter to $16.926 billion. New... READ MORE

PMI downgrade impacts $600 million RMBS

by Staff Reporter • 16 Jul 2008
Only junior notes were downgraded yet 107 notes totalling $15.2 billion remain on review for possible downgrades once... READ MORE

Westpac concludes big banks? latest round of rate hikes

by Staff Reporter • 16 Jul 2008
The increase takes Westpac’s standard variable rate to 9.61 per cent, which will come into effect Thursday 17... READ MORE

NAB, Suncorp move on rates

by Staff Reporter • 15 Jul 2008
From Wednesday, Suncorp’s variable rate will rise by 20 basis points to 9.67 per cent. NAB’s interest... READ MORE

Macquarie prices $700 million RMBS

by Staff Reporter • 15 Jul 2008
The Class A Senior notes, which comprised $630 million of the transaction, were priced at a high 180 basis points... READ MORE

Retail banking and mortgage jobs slide again

by Staff Reporter • 14 Jul 2008
The sector has now seen online job advertisements fall by 45.7 per cent since June 2007 – the worst result of... READ MORE
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