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BankWest parent welcomes acquisition
by Staff Reporter • 19 Sep 2008
HBOS Australia has welcomed the £12.2 billion (A$27.6 billion) acquisition of its UK parent HBOS by Lloyds TSB.
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Britain?s biggest mortgage lender forced to sell
by Staff Reporter • 18 Sep 2008
Lloyds TSB Group has reportedly agreed to purchase Britain’s biggest mortgage lender HBOS for around £12...
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Lehman files for bankruptcy
by Staff Reporter • 16 Sep 2008
Embattled investment bank Lehman Brothers yesterday filed for bankruptcy after suffering multi-billion dollar losses.
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US banks launch $85b fund to mitigate liquidity pressures
by Staff Reporter • 16 Sep 2008
Ten international banks today announced plans to provide $US70 billion ($A85 billion) to help offset a credit crisis,...
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Bank of America to purchase Merill Lynch
by Staff Reporter • 16 Sep 2008
Bank of America has agreed to purchase Merrill Lynch for around $US44 billion ($A53.4 billion) The Wall Street Journal...
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Australian banks weather credit crisis
by Staff Reporter • 12 Sep 2008
Domestic banks remain in comparatively good shape though they now face a more challenging external environment...
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Stargate launches new processing and packaging solution
by Staff Reporter • 12 Sep 2008
Financial services solutions provider Stargate Group today announced the launch of a new processing and packaging...
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Challenger issues $400 million RMBS
by Staff Reporter • 11 Sep 2008
Challenger Financial has issued its first RMBS deal for 2008.
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Suncorp issues $444 million RMBS
by Staff Reporter • 11 Sep 2008
Suncorp yesterday raised $444 million in its second RMBS deal for 2008.
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Bank overhaul announced as Lehman posts huge Q3 loss
by Staff Reporter • 11 Sep 2008
US investment bank Lehman Brothers announced an estimated third quarter loss of $US3.9 billion ($A4.88 billion)...
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