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Westpac RAMS transaction complete

by Staff Reporter • 7 Jan 2008
Westpac Banking Corporation completed its acquisition of the RAMS franchise distribution business on Friday. READ MORE
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Banks ignore political pressure, lift rates

by Staff Reporter • 4 Jan 2008
The major banks have come under fire as NAB stepped forward to hike its standard variable rate by 12 basis points. READ MORE
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Credit crunch set to hit big US banks hard

by Staff Reporter • 3 Jan 2008
US analysts are trimming fourth quarter estimates for the US’s major banks to account for capital market... READ MORE
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Members Equity Bank to fund mortgages from deposits

by Staff Reporter • 2 Jan 2008
Members Equity Bank looks set to overhaul the way it funds home loans as a result of the liquidity problems affecting... READ MORE
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Australian banks to gain from international credit crisis

by Staff Reporter • 19 Dec 2007
The international credit crisis will be “very good” for local banks, Justin Braitling of Australian... READ MORE
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Flat outlook for dwelling commencements, says MBA

by Staff Reporter • 18 Dec 2007
While there was increased activity in dwelling commencements over the past quarter, the long-awaited recovery is still... READ MORE
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Banks up business loan rates

by Staff Reporter • 17 Dec 2007
ANZ, Westpac and the Commonwealth Bank have all made a move to offset higher funding costs through raising rates 15 to... READ MORE
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UK lenders feel credit crisis sting

by Staff Reporter • 14 Dec 2007
Struggling UK lender Northern Rock has taken a £281 million (A$653 million) hit as a result of the credit... READ MORE
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Central banks to ease pressure on short-term funding markets

by Staff Reporter • 13 Dec 2007
In a show of solidarity not seen since September 11, the Federal Reserve (Fed), European Central Bank (ECB) and three... READ MORE
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Banks? profit cut unless rates rise: JP Morgan

by Staff Reporter • 12 Dec 2007
Australia’s big four banks’ profit margins will shrink considerably unless they pass on the higher costs... READ MORE