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No impact to Citibank third-party business by worldwide job cuts
by Staff Reporter • 21 Nov 2008
The loss of around 100 Sydney jobs as part of a 50,000 worldwide cull announced this week will not affect...
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ANZ 90pc LVR cap concern for industry
by Staff Reporter • 20 Nov 2008
Brokers are still digesting the news that ANZ has cut its maximum LVR from 95 to 90 per cent as concern mounts over...
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Bleak economic forecast from Westpac
by Staff Reporter • 20 Nov 2008
Despite strenuous reassurances from the RBA that Australia will weather the current economic crisis a leading index...
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Regional banks less affected by credit crisis than majors
by Staff Reporter • 20 Nov 2008
The regional banking sector has recorded surprisingly strong results in the face of current market conditions, a KPMG...
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Liquidity boost for Challenger, RESIMAC
by Staff Reporter • 18 Nov 2008
The mortgage manager and originator sector has been buoyed by the news that Challenger Mortgage Management and...
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ANZ to cut jobs
by Staff Reporter • 14 Nov 2008
ANZ is gearing up for extensive job cuts but it remains unclear how the redundancies will affect its third party...
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Westpac, St George merger approved
by Staff Reporter • 14 Nov 2008
Australia’s fifth largest bank is set to become part of Westpac after shareholders yesterday voted...
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City Pacific boss steps down
by Staff Reporter • 13 Nov 2008
Founder and managing director of struggling non-bank lender City Pacific Phil Sullivan has announced his resignation,...
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Loan losses to rise: CBA
by Staff Reporter • 13 Nov 2008
The Commonwealth Bank will face increased loan losses this financial year as a result of several exposures to company...
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US acts to ease spiralling foreclosures
by Staff Reporter • 12 Nov 2008
The United States has unveiled further initiatives to ease mortgage stress for hundreds of thousands of Americans...
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