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Deposit guarantee scheme keeping rates high

by Staff Reporter • 6 Nov 2008
The government’s deposit guarantee scheme is distorting financial markets, keeping interest rates on deposits... READ MORE
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Westpac delivers rate cut to customers

by Staff Reporter • 6 Nov 2008
Westpac is the second major bank to move on yesterday’s RBA rate reduction, announcing a 0.65 per cent drop to... READ MORE
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Rate cut welcomed but banks slow to pass on

by Staff Reporter • 5 Nov 2008
Lenders have been slow to react to the RBA’s 75 basis points rate cut, with CBA the only big bank to announce... READ MORE
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Keep cutting rates: IMF

by Staff Reporter • 4 Nov 2008
With the RBA and a string of other central banks poised to make rate announcements this week any cuts will be welcomed... READ MORE
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FirstMac looking to acquire building society

by Staff Reporter • 4 Nov 2008
FirstMac has set its sights on acquiring a deposit-taking institution, according to The Australian Financial... READ MORE
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ANZ pulls 80pc LVR low docs

by Staff Reporter • 3 Nov 2008
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Government says banks can help ease liquidity problems

by Staff Reporter • 31 Oct 2008
The Rudd government will enlist the help of the big four banks to improve liquidity for institutions not covered by... READ MORE
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Citibank drops commercial and personal loans, ramps residential

by Staff Reporter • 30 Oct 2008
Citibank yesterday announced that it will cease offering commercial and personal loans from November 30 and... READ MORE
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Westpac profit up

by Staff Reporter • 30 Oct 2008
Westpac today delivered a 12 per cent rise in net profit to $3.859 billion for the 12 months to 30 September. READ MORE
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St George profit up

by Staff Reporter • 29 Oct 2008
St George today announced a net profit of $1.174 billion for the year to September 2008, a 0.9 per cent rise from... READ MORE