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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...
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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...
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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...
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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...
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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.
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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...
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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...
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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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