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Leading central banker says global economy past the worst
by Staff Reporter • 12 May 2009
European Central Bank head Jean-Claude Trichet believes global economic activity may have reached a turning point and...
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Encouraging business conditions to curb rate falls
by Staff Reporter • 12 May 2009
The RBA is unlikely to move on interest rates any time soon and the bottom of its interest rate cycle could be higher...
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ASIC cautions lenders on recouping losses for fraudulent loans
by Staff Reporter • 11 May 2009
ASIC has warned that lenders may be engaging in “unconscionable conduct” by trying to recoup loans...
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Suncorp drops commercial
by Staff Reporter • 8 May 2009
Suncorp is set to exit the commercial property sector with $3 billion worth of commercial property investment lending...
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US banks need $100 billion to bolster reserves
by Staff Reporter • 8 May 2009
Regulators in the United States revealed overnight that US$75 billion ($A99 billion) in additional capital will be...
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NSW facing perilous building slump:BIS
by Staff Reporter • 7 May 2009
New South Wales is lagging all of its peers in home building activity and is in need of special state government...
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Unemployment to keep impairment charges high: Westpac
by Staff Reporter • 6 May 2009
Westpac today reported a 1 per cent fall in first half net profit to $2.175 billion and a 6 per cent decline in cash...
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UK lender launches two-tier interest rate system
by Staff Reporter • 4 May 2009
Great Britain’s largest building society Nationwide has introduced a new home loan system whereby new customers...
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RBA cash rate 'no correlation' with banks' funding costs: ANZ
by Staff Reporter • 4 May 2009
ANZ chief executive Mike Smith has signalled that borrowers are unlikely to see much reduction in home loan rates...
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St George latest to tighten LVR criteria
by Staff Reporter • 4 May 2009
St George has announced it will change its lending policy, with new LVR limits and savings policies in force as of...
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