Lender
US banks launch $85b fund to mitigate liquidity pressures
by Staff Reporter • 16 Sep 2008
The consortium, which includes Bank of America, Barclays, Citibank, and JPMorgan Chase, said in a joint statement... READ MORE
Bank of America to purchase Merill Lynch
by Staff Reporter • 16 Sep 2008
The news follows Bank of America’s abandonment of its bid for troubled Lehman Brothers earlier today.
Bank of... READ MORE
Australian banks weather credit crisis
by Staff Reporter • 12 Sep 2008
Tim Roche, associate director at Fitch’s Financial Institutions Group, said slowing loan growth, rising... READ MORE
Stargate launches new processing and packaging solution
by Staff Reporter • 12 Sep 2008
The new initiative, called loanPACK, will provide front-end processing and packaging solutions as well as loan book... READ MORE
Challenger issues $400 million RMBS
by Staff Reporter • 11 Sep 2008
The $400 million transaction consists of full-doc loans with the $383 million Class A notes rated AAA by Fitch.
The... READ MORE
Suncorp issues $444 million RMBS
by Staff Reporter • 11 Sep 2008
The deal consisted of Australian prime floating rate RMBS; $400 million of which were Class A notes, rated AAA by... READ MORE
Bank overhaul announced as Lehman posts huge Q3 loss
by Staff Reporter • 11 Sep 2008
The loss, which followed a second quarter loss of $US2.8 billion, was primarily driven by gross mark-to-market... READ MORE
Non-bank lending tumbles in July
by Staff Reporter • 9 Sep 2008
The number of owner-occupied dwellings financed by the sector, according to the latest ABS data, decreased eight... READ MORE
St George welcomes increased Westpac offer
by Staff Reporter • 8 Sep 2008
St George chairman John Curtis said the board recommended shareholders vote in favour of the merger in absence of a... READ MORE
Customers generally less satisfied with banks
by Staff Reporter • 5 Sep 2008
According to the monthly report, satisfaction dropped most for ANZ this year.
However, despite customer... READ MORE
Slowing economy could prompt more rate cuts
by Staff Reporter • 3 Sep 2008
Gross domestic product (GDP) eased to just 0.3 per cent in the June
quarter, from an upwardly revised 0.7 per cent in... READ MORE
Lenders swift to pass on RBA rate cut
by Staff Reporter • 3 Sep 2008
Westpac, NAB, CBA and ANZ all cut their standard variable rates by 0.25 per cent moments after the 2.30pm RBA... READ MORE
Building approvals continue downward slide
by Staff Reporter • 2 Sep 2008
Total dwelling units approved fell by 2.3 per cent, seasonally adjusted, to 12,620.
Approvals for houses fell... READ MORE
Billion dollar RMBS for St George
by Staff Reporter • 2 Sep 2008
The bank now has 40 per cent of its total funding requirements for 2009.
Pricing of the issue was not disclosed,... READ MORE
CBA buys third of Aussie
by Staff Reporter • 29 Aug 2008
The acquisition, according to CBA, is a “strategic holding” and provides it with “an additional... READ MORE

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