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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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Brokers back bank rate cuts
by Staff Reporter • 8 Oct 2008
Brokers have commended the banks’ swift move to pass the bulk of yesterday’s rate cut straight back to the... 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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RBA slashes rates by 100bps
by Staff Reporter • 8 Oct 2008
The Reserve Bank today stunned financial markets with a dramatic 100 basis point reduction to the official cash... 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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Business expectations slump
by Staff Reporter • 7 Oct 2008
Business sentiment for the December quarter looks bleak according to the latest Dun & Bradstreet National Business... READ MORE
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Credit crisis spreads through Europe
by Staff Reporter • 7 Oct 2008
Fears of contamination from the US credit crisis are rife as the German government leapt to rescue ailing bank Hypo... READ MORE
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Bail-out fails to stop Dow slide
by Staff Reporter • 7 Oct 2008
Congressional approval of the US bail-out bill failed to boost Wall Street as the Dow hit a four year low dropping 369... READ MORE
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Australian delinquencies still low
by Staff Reporter • 3 Oct 2008
Resilient Australian borrowers are still on top of their mortgage repayments despite the pressure of high funding... READ MORE
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September volumes jump: AFG
by Staff Reporter • 3 Oct 2008
The September rate clearly boosted borrower confidence as mortgage sales surged 10.2 per cent last month according to... READ MORE
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Mortgage industry fears impact of global turmoil
by Staff Reporter • 3 Oct 2008
While reports from the IMF and RBA stress that Australia’s financial system remains solid, the international... READ MORE
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Still legs in low docs
by Staff Reporter • 3 Oct 2008
Low doc lending may have slowed but contrary to recent media reports it is far from dead. Peter Hall, country... READ MORE
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RBA buys 840m RMBS
by Staff Reporter • 3 Oct 2008
The Reserve Bank is beefing up its purchase of short-term RMBS in a bid to pump life into the Australian... READ MORE
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Senate agrees to revised bail-out package
by Staff Reporter • 2 Oct 2008
The United States Senate has approved a revised financial system bail-out bill, after the House of Representatives... READ MORE
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Borrowers won?t see 25bp cut: ANZ
by Staff Reporter • 2 Oct 2008
ANZ chief economist Saul Eslake has warned that banks will not pass on any RBA reduction unless it comes at 50 basis... 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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Homeloans MD steps down
by Staff Reporter • 2 Oct 2008
Brian Jones has stepped down from his role as Homeloans Ltd managing director, according to a statement lodged with... READ MORE
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GE drops prime and fixed products
by Staff Reporter • 2 Oct 2008
GE Money has today announced it will suspend a number of its mortgage products and features including its Flexible... READ MORE
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Stocks bounce as Bush pledges rescue plan revival
by Staff Reporter • 1 Oct 2008
US stocks made their biggest one day jump in six years overnight, as expectations grow that an adjusted bank rescue... READ MORE
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Financial crisis to keep lending rates high
by Staff Reporter • 1 Oct 2008
Home lending rates could remain unchanged despite speculation that the RBA could cut rates by up to 50 basis points... READ MORE
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Weak building activity puts pressure on affordability
by Staff Reporter • 1 Oct 2008
Building approval data released by the ABS shows weak construction activity has persisted into the second half of the... READ MORE
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PLAN acquisition complete: Challenger
by Staff Reporter • 1 Oct 2008
Challenger Financial Services now dominates Australia’s aggregation sector on yesterday’s news that it has... READ MORE
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Australian property values steady
by Staff Reporter • 1 Oct 2008
Australia’s severe housing shortage has underpinned housing prices and will shield the market against any wide... READ MORE