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CBA yearly net profit rises 7pc

by Staff Reporter • 13 Aug 2008
In the year to June 2008, the bank delivered a net profit after tax of $4,791 million. CBA chief executive officer... READ MORE

Spiralling business conditions to usher 150bp rate cut: NAB

by Staff Reporter • 13 Aug 2008
According to NAB’s Monthly Business Survey & Economic Outlook released yesterday, business conditions slid... READ MORE

Credit reporting changes welcomed

by Staff Reporter • 12 Aug 2008
The potential changes would essentially see privacy laws relaxed to allow lenders to make more informed decisions... READ MORE

ANZ cuts fixed rates by up to 50bps

by Staff Reporter • 12 Aug 2008
Effective today, interest rates on the bank’s fixed rate home and residential investment loans will decrease... READ MORE

Bank of England holds rates at 5pc

by Staff Reporter • 9 Aug 2008
The decision was largely expected as the Bank attempts to balance unyielding inflation and lacklustre economic... READ MORE

New Opportune product to ?challenge? banks on price

by Staff Reporter • 8 Aug 2008
The Opportune Prime Home Loan has a variable rate of 8.89 per cent coupled with an upfront commission of 0.60 per... READ MORE

Refinancing hits record high

by Staff Reporter • 8 Aug 2008
The group’s Mortgage Index showed that 40.8 per cent of new mortgages in July were for refinancing, with most... READ MORE

Non-bank market share edges up

by Staff Reporter • 7 Aug 2008
The slight increase was a marked improvement from a decrease of 17.6 per cent in May. However the number of owner... READ MORE

RESIMAC issues its first RMBS for 2008

by Staff Reporter • 7 Aug 2008
Though on the small side, the $100 million deal shows there are signs of life in the capital markets and bodes well... READ MORE

HSBC reports steep profit decline

by Staff Reporter • 5 Aug 2008
Loan impairment charges and other credit risk provisions were key contributors to the result, rising by 58 per cent... READ MORE

AFM product to ?compete with banks?

by Staff Reporter • 5 Aug 2008
The product has a fee-free standard variable rate of 8.97 per cent and a propack rate of 8.92 per cent. Upfront... READ MORE

Banks using credit crunch to bolster profits: InfoChoice

by Staff Reporter • 4 Aug 2008
“The major banks have not only survived but strengthened thanks to the credit crisis, becoming the market price... READ MORE

Dwelling construction fails to keep up with immigration

by Staff Reporter • 4 Aug 2008
BIS said underlying demand for new dwellings would average 185,000 new dwellings over the next five years –... READ MORE

Suncorp forecasts profit decline

by Staff Reporter • 1 Aug 2008
While the forecast result is almost half that recorded for the same period the year, the bank remained optimistic... READ MORE

HBOS profit dips but BankWest expansion to continue

by Staff Reporter • 1 Aug 2008
The result was a decline of six per cent for the same period in 2007, which reflected the sharp increase in... READ MORE
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