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Citi new US banking giant
by Staff Reporter • 30 Sep 2008
Citigroup will become the United States’ largest bank by deposits after agreeing to acquire all banking...
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Government to boost non-bank sector
by Staff Reporter • 29 Sep 2008
The industry has welcomed a $4 billion government plan to bolster competition in the mortgage market.
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WaMu biggest US bank collapse yet
by Staff Reporter • 29 Sep 2008
Washington Mutual, bought by banking giant JP Morgan for $1.9bn after seizure by the US authorities late last week,...
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Low-risk profile delivers record profit for Heritage
by Staff Reporter • 26 Sep 2008
Heritage Building Society has posted a record profit of $29.360 million; its ninth consecutive full year before tax...
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Banks' home loans share up; profits remain strong
by Staff Reporter • 24 Sep 2008
Australian banks remain healthy and profitable in stark contrast to the US financial sector according to APRA figures...
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Last investment banks fall under Fed?s control
by Staff Reporter • 23 Sep 2008
Wall Street’s two remaining investment banks will now operate under the supervision of the Federal Reserve as...
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No sign of financial crisis hitting Oz: Melbourne Institute
by Staff Reporter • 22 Sep 2008
The pace of national economic growth continues to slow but there is no indication that financial chaos in the United...
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Major banks back first home saver accounts
by Staff Reporter • 22 Sep 2008
ANZ and CBA have agreed to offer first home saver accounts which the Government hopes will boost the number of first...
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Soft landing tipped for residential property
by Staff Reporter • 19 Sep 2008
Australian property fell further in August, but a widespread collapse in property prices is not on the cards,...
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Strong case for October rate cut: ACCI, Westpac
by Staff Reporter • 19 Sep 2008
General business confidence declined to its lowest level since 2003, the Australian Chamber of Commerce and Industry...
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