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Cash rate to hit 3pc as business confidence slumps: NAB

by Staff Reporter • 9 Dec 2008
Borrowers could see more fiscal stimulus from the government and even more aggressive cash rate cuts as the outlook... READ MORE
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ANZ first to raise funds with government guarantee

by Staff Reporter • 9 Dec 2008
ANZ looks set today to become the first Australian bank to utilise the government’s wholesale guarantee scheme. READ MORE
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Consumer sentiment and spending key to economic recovery

by Staff Reporter • 8 Dec 2008
Australia’s economy does not have to fall into recession but negative sentiment could see the country talk... READ MORE
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ANZ to cut 800 jobs in next two weeks

by Staff Reporter • 8 Dec 2008
ANZ confirmed on Friday that up to 800 of the bank’s employees will lose their jobs before Christmas. READ MORE
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Macquarie sheds jobs

by Staff Reporter • 5 Dec 2008
The global financial crisis reared its ugly head in Australia yesterday with reports that up to 1000 Macquarie Group... READ MORE
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CBA tops majors with best SVR rate

by Staff Reporter • 5 Dec 2008
A gap of 0.26 per has cent opened up between the comparison rates offered by the big banks following the RBA’s... READ MORE
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Challenger prices $824m RMBS deal

by Staff Reporter • 5 Dec 2008
The non-bank sector has received a further liquidity injection after Challenger Mortgage Management successfully... READ MORE
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Weak building approvals to persist into new year

by Staff Reporter • 5 Dec 2008
Building approvals were again weak in October and are expected to remain so for much of 2009. READ MORE
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Consumer spending up in October

by Staff Reporter • 3 Dec 2008
Retail spending improved surprisingly in October, ABS data released yesterday revealed. READ MORE
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Major banks quick to cut rates

by Staff Reporter • 3 Dec 2008
Most of the big banks have wasted no time in announcing rate reductions but not all have decided to hand back the full... READ MORE