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CBA snaps up BankWest

by Staff Reporter • 8 Oct 2008
Within weeks of Lloyds TSB acquiring HBOS, the group has offloaded subsidiary BankWest to CBA. The deal, which also... READ MORE
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Big banks pass on bulk of RBA rate cut

by Staff Reporter • 8 Oct 2008
The major banks have wasted no time in announcing a substantial proportion of the shock 1 per cent RBA rate cut will... READ MORE
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Upswing in banking jobs

by Staff Reporter • 8 Oct 2008
The number of jobs advertised in retail banking and mortgages rose in September but any significant recovery remains... READ MORE
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CBA confirms bid for BankWest

by Staff Reporter • 7 Oct 2008
After conflicting reports last week The Commonwealth Bank has today confirmed it is in negotiations with HBOS plc to... READ MORE
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Job cuts on the cards for Suncorp

by Staff Reporter • 2 Oct 2008
Suncorp chief executive John Mulcahy has warned that jobs are on the line in a recent email sent to staff. READ MORE
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Government RMBS investment should favour low-rate lenders

by Staff Reporter • 2 Oct 2008
The government’s $4 billion investment in residential mortgage-backed securities should be directed at lenders... READ MORE
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Bradford & Bingley second UK bank failure for 2008

by Staff Reporter • 30 Sep 2008
Bradford and Bingley has become the second UK bank to be nationalised this year as a result of the worsening credit... READ MORE
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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... READ MORE
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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. READ MORE
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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,... READ MORE