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St George announces strong H1 result

by Staff Reporter • 6 May 2008
According to the bank credit quality remained sound over the period, with only a 0.01 percent increase in loan... READ MORE

Bendigo Bank hikes variable rate

by Staff Reporter • 5 May 2008
The rate change, which is effective today Monday 5 May, will bring the bank’s standard variable to 9.65 per... READ MORE

Building approvals down, worse to come: MBA

by Staff Reporter • 2 May 2008
A total of 12,495 dwelling units were approved over the month, seasonally adjusted – a decrease of 0.7 per cent... READ MORE

BoE says banks overstate losses

by Staff Reporter • 2 May 2008
While an adjustment in the price and quantity of risk-taking was clearly needed following the credit boom, the Bank... READ MORE

No commission cuts from ANZ

by Staff Reporter • 2 May 2008
While scant details were provided, a spokeswoman for ANZ said that the bank would not change broker commissions at... READ MORE

Westpac delivers strong profit result

by Staff Reporter • 1 May 2008
Chief executive Gail Kelly said the result demonstrated that the bank was managing current market volatility... READ MORE

Uncertain outlook for building societies: Moody's

by Staff Reporter • 29 Apr 2008
According to the ratings agency, high funding costs and the closure of RMBS markets are likely to constrain loan... READ MORE

New home building to lag until 2009/10

by Staff Reporter • 29 Apr 2008
According to the HIA, higher interest rates and construction costs will continue to fuel a widening gap between the... READ MORE

Second largest UK lender halves maximum loan size

by Staff Reporter • 29 Apr 2008
The reduction in the lender’s maximum loan size was announced overnight along with a change of maximum LVR from... READ MORE

Westpac hikes variable interest rates

by Staff Reporter • 28 Apr 2008
The change will bring the bank’s standard variable rate to 9.47 per cent, and in line with NAB and ANZ -- who... READ MORE

ANZ and NAB hike rates

by Staff Reporter • 28 Apr 2008
The new rates will take effect from today and will bring NAB’s standard variable to 9.46 per cent and... READ MORE

New funding, pricing for Collins Securities

by Staff Reporter • 24 Apr 2008
The new range, which is being offered to selected brokers and financial planners, includes a basic home loan at 8.60... READ MORE

Industry backs broker channel despite lender withdrawals

by Staff Reporter • 23 Apr 2008
Credit Union Australia (CUA) and Australian Seniors Finance (ASF) are the latest lenders to withdraw from the broker... READ MORE

Seven pc drop to ANZ profit

by Staff Reporter • 23 Apr 2008
The fall in profit was largely driven by a significant increase in credit impairment charges of $980 million. Despite... READ MORE

Bank of England liquidity scheme launched

by Staff Reporter • 22 Apr 2008
Under the scheme banks will be able to enter into new asset swaps for the term of one year. They will be able to... READ MORE
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