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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
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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
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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
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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
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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
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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
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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
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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
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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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ANZ cuts fixed lending rates again
by Staff Reporter • 29 Aug 2008
From Monday September 1, ANZ’s one to 10 year fixed rate home and residential investment loans will be fall... READ MORE
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WA?s shared equity scheme running out of funds
by Staff Reporter • 28 Aug 2008
Major property groups in the state say the scheme’s funding could fall short within six months and have called... READ MORE
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Virgin Money "expected loss making position"
by Staff Reporter • 28 Aug 2008
David Wakeley, Virgin Money CEO, told Mortgage Business yesterday the result was aligned with expectations. “In... READ MORE
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No sign of residential building recovery
by Staff Reporter • 28 Aug 2008
Over the quarter the value of residential building rose to $9.876 billion. But Master Builders chief economist... READ MORE
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Suncorp profits almost halved
by Staff Reporter • 27 Aug 2008
Suncorp chairman John Story said it had been “one of the most challenging years in recent history” for... READ MORE
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Macquarie Bank to buy local RMBS
by Staff Reporter • 23 Aug 2008

Published: 22-08-08 

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