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Banks' pricing grip broken
by Staff Reporter • 15 Jan 2008
The non-bank sector’s Christmas wishes were finally answered on Friday as the last of the big banks lifted their... READ MORE
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MyRate.com.au records surge in inquiries as banks hike rates
by Staff Reporter • 14 Jan 2008
Internet-based mortgage lender MyRate.com.au has registered a 300 per cent increase in daily inquiries since the major... READ MORE
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Countrywide acquired by Bank of America
by Staff Reporter • 14 Jan 2008
Bank of America has agreed to purchase troubled mortgage lender Countrywide Financial in a transaction worth... READ MORE
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Bank of England holds on rates
by Staff Reporter • 11 Jan 2008
The Bank of England left the official cash rate unchanged at 5.5 per cent overnight despite mounting concerns for the... READ MORE
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Citigroup & Merrill seek billions in capital
by Staff Reporter • 11 Jan 2008
Citigroup and Merrill Lynch, two of Wall Street’s biggest names, are seeking emergency funding from foreign... READ MORE
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Big banks decline exposure to US sub-prime market
by Staff Reporter • 11 Jan 2008
The big four banks have denied any direct link to the US sub-prime lending market despite their exposure to ailing US... READ MORE
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CBA tips consolidation in 2008
by Staff Reporter • 11 Jan 2008
The credit crisis may trigger increased consolidation among lenders, Commonwealth Bank (CBA) chief executive Ralph... READ MORE
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Banks' actions could set market back by 20 years
by Staff Reporter • 11 Jan 2008
Non-bank lender Resi Mortgage Corporation has called the behaviour of the banks into question as interest rates were... READ MORE
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CBA joins NAB, ANZ in hiking rates
by Staff Reporter • 10 Jan 2008
The Commonwealth Bank yesterday announced a rise in its variable home loan interest rate of 0.10 per cent to 8.67 per... READ MORE
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ANZ Chief says rate rise won?t hurt market share
by Staff Reporter • 9 Jan 2008
ANZ’s rate rise will not impact its share of the mortgage market, CEO Michael Smith told reporters in Malaysia,... READ MORE