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Virgin Money "expected loss making position"

by Staff Reporter • 28 Aug 2008
Virgin Money has reported a $19.5 million loss for the year to March 2008, making it its third consecutive year of... READ MORE
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No sign of residential building recovery

by Staff Reporter • 28 Aug 2008
Residential building activity rose only slightly in the June quarter by 0.2 per cent, ABS data showed today. READ MORE
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Suncorp profits almost halved

by Staff Reporter • 27 Aug 2008
Suncorp today reported a slide in annual profit for the 2008 financial year of 47.7 per cent to $556 million. This... READ MORE
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Macquarie Bank to buy local RMBS

by Staff Reporter • 23 Aug 2008
Macquarie Bank has established a fund which will purchase mortgage-backed securities indicating renewed optimism for... READ MORE
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ANZ to pass full RBA cut on, maybe

by Staff Reporter • 23 Aug 2008
ANZ chief Mike Smith today confirmed the bank would pass on the full benefit of a rate cut next month, provided... READ MORE
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CBA cuts fixed lending rates

by Staff Reporter • 22 Aug 2008
CBA today announced that it will cut its fixed home loan rates on Monday – the second cut this month. READ MORE
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Rates to fall by 100 bps by early 09: Westpac

by Staff Reporter • 22 Aug 2008
The latest Westpac-Melbourne Institute Leading Index released yesterday has underscored the need for several rate cuts... READ MORE
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NAB will pass on rate cut

by Staff Reporter • 21 Aug 2008
National Australia Bank (NAM) today confirmed it will pass on a 0.25 per cent reduction should the RBA cut the... READ MORE
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Banks won?t be pushed to pass on RBA rate cut

by Staff Reporter • 21 Aug 2008
A cut to the official cash rate is now universally expected in September but the industry remains divided over how... READ MORE
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Aussie to stay ?independent? should stake go to CBA

by Staff Reporter • 21 Aug 2008
Assurances yesterday from Aussie’s chairman John Symond to staff and lenders about the group’s... READ MORE