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World Bank warns of steep contraction ahead
by Staff Reporter • 23 Jun 2009
The global economy is entering an era of slower growth and will contract by nearly 3 per cent in 2009, the World Bank...
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CBA warns of rate hikes
by Staff Reporter • 23 Jun 2009
Home loan rates could continue to trend upwards off the back of rising funding costs according to The Commonwealth...
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BOQ in court with franchisees
by Staff Reporter • 23 Jun 2009
The Bank of Queensland (BOQ) is facing legal action from its New South Wales franchise network as it looks to close...
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NAB snaps up Aviva
by Staff Reporter • 22 Jun 2009
NAB has bolstered its wealth management and insurance business with the acquisition of Aviva Australia’s wealth...
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Government to support non-banks, regionals
by Staff Reporter • 19 Jun 2009
The federal government is considering new initiatives to support second-tier banks and non-bank lenders in a bid to...
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St George moves on fixed rates
by Staff Reporter • 19 Jun 2009
St George has made several changes to its fixed rate products bringing the bank in line with most of its peers in...
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Banks' rates not determined solely by cash rate: RBA
by Staff Reporter • 19 Jun 2009
Changes in risk premia in financial markets, following the credit crisis, have weakened the relationship between the...
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Westpac underpins commitment to quality broking
by Staff Reporter • 18 Jun 2009
Westpac today confirmed that it will partner Mortgage Business in its ground-breaking Top 25 Brokerage ranking.
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Warnings over Aussie banks' funding strategies
by Staff Reporter • 18 Jun 2009
The viability of Australian banks’ high reliance on offshore funding has come under scrutiny in the face of rising...
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Home building down 22 per cent
by Staff Reporter • 18 Jun 2009
New home building slumped by a massive 22 per cent in the year ending March but there is hope Australia may have...
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