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Banks profit in time of global uncertainty

by Staff Reporter • 12 Nov 2007
Shrugging off credit issues arising from the US sub-prime market, the banks reported a 10.7 per cent profit increase... READ MORE

NAB first 'big four' bank to lift rates

by Staff Reporter • 9 Nov 2007
The lender was the first of the ‘big four’ banks to hike their interest rates following the RBA’s... READ MORE

Virgin Money Australia eyes local acquisitions

by Staff Reporter • 6 Nov 2007
Positioning Virgin Money as “healthy competition to the big banks”, the financial services... READ MORE

Liberty reacts to changing market

by Staff Reporter • 6 Nov 2007
Liberty is the latest lender to react. It is believed Liberty will now schedule settlements a month in advance, with... READ MORE

Mackay Permanent not swayed by Wide Bay bid

by Staff Reporter • 5 Nov 2007
MPBS chief executive officer Bob Neely said: “MPBS’s directors do not support Wide Bay’s offer and... READ MORE

Lenders to take rate rise in their stride

by Staff Reporter • 1 Nov 2007
The September quarter’s CPI figures indicated a 0.7 per cent rise in headline inflation for an annual rate of... READ MORE

Macquarie RMBS attracts strong demand

by Staff Reporter • 30 Oct 2007
“We are extremely pleased with the outcome of this transaction,” said Macquarie Bank group head of... READ MORE

Wide Bay launches $56.6 million takeover bid for Mackay Permanent

by Staff Reporter • 30 Oct 2007
According to Wide Bay managing director Ron Hancock the combined Wide Bay and MPBS would be “the financial... READ MORE

Staff, product cuts to safeguard Pepper?s future

by Staff Reporter • 29 Oct 2007
Xpress and Mega Xpress were culled from Pepper’s product suite on October 16 followed with the redundancies of... READ MORE

Pepper Homeloans defies sub-prime meltdown speculation

by Staff Reporter • 27 Oct 2007
The result directly contradicts claims that a downturn similar to the situation currently being experienced by the US... READ MORE

Australian lenders maintain fight against money laundering, terrorism...

by Staff Reporter • 23 Oct 2007
The new provisions to the Act – which will be implemented in conjunction with the Australian Transaction... READ MORE

Surging rents will swallow tax cuts

by Staff Reporter • 21 Oct 2007
Industry commentator Michael Matusik said rents were expected to rise rapidly until 2010, cancelling out the effects... READ MORE

CBA pass on 50bp to consumers

by Staff Reporter • 15 Oct 2007
Intermediaries were notified of the increase late last month in a communication explaining that ‘these interest... READ MORE

RAMS franchise goes under the hammer

by Staff Reporter • 2 Oct 2007
In addition, Westpac will provide up to $2 billion of financing to fund new business and to refinance a proportion of... READ MORE

Macquarie re-starts a cautious Australian RMBS market

by Staff Reporter • 28 Sep 2007
Despite low mortgage default rates and a non-conforming sector that makes up a mere fraction of mortgage lending in... READ MORE
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