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Weak home starts reveal acute housing shortage
by Staff Reporter • 16 Sep 2008
New home starts fell by 3.7 per cent in the June quarter, to 38,348, the lowest level in a year, ABS data showed... READ MORE
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Lehman files for bankruptcy
by Staff Reporter • 16 Sep 2008
Embattled investment bank Lehman Brothers yesterday filed for bankruptcy after suffering multi-billion dollar losses. READ MORE
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Carrington National withdraws from broker channel
by Staff Reporter • 16 Sep 2008
Carrington National will withdraw from third party distribution as the quality of its broker-originated loans... READ MORE
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US banks launch $85b fund to mitigate liquidity pressures
by Staff Reporter • 16 Sep 2008
Ten international banks today announced plans to provide $US70 billion ($A85 billion) to help offset a credit crisis,... READ MORE
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Bank of America to purchase Merill Lynch
by Staff Reporter • 16 Sep 2008
Bank of America has agreed to purchase Merrill Lynch for around $US44 billion ($A53.4 billion) The Wall Street Journal... READ MORE
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UK economy tipped to recover in late 2009
by Staff Reporter • 15 Sep 2008
The UK may already be in recession, but it will not be as prolonged as that 1990s downturn, the Confederation of... READ MORE
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NZ Rate cuts spark jump in consumer confidence
by Staff Reporter • 15 Sep 2008
Consumer confidence has risen to a five year high in New Zealand following the Central Bank’s decision to... READ MORE
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Liquidation almost imminent for Lehman Brothers
by Staff Reporter • 15 Sep 2008
The United States faces the possible collapse of Wall Street giant Lehman Brothers as negotiations fail to spur any... READ MORE
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Australian banks weather credit crisis
by Staff Reporter • 12 Sep 2008
Domestic banks remain in comparatively good shape though they now face a more challenging external environment... READ MORE
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Inflation tipped to fall
by Staff Reporter • 12 Sep 2008
Consumer inflationary expectations eased in September, the Melbourne Institute’s Survey of Consumer Inflationary... READ MORE
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moneyQuest launches broker lead generation platform
by Staff Reporter • 12 Sep 2008
Brokerage moneyQuest, the brainchild of former founder and director of Choice Aggregation Services Ross Begley, has... READ MORE
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Stargate launches new processing and packaging solution
by Staff Reporter • 12 Sep 2008
Financial services solutions provider Stargate Group today announced the launch of a new processing and packaging... READ MORE
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Strong employment figures throws doubt on October rate cut
by Staff Reporter • 11 Sep 2008
Lower than expected unemployment figures released by the ABS reduce the likelihood of another rate cut next month. READ MORE
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Challenger issues $400 million RMBS
by Staff Reporter • 11 Sep 2008
Challenger Financial has issued its first RMBS deal for 2008. READ MORE
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Talkback - SEPT 2008
by Staff Reporter • 11 Sep 2008
Last week we asked readers to share their thoughts on whether the non-bank sector would be able to regain market share... READ MORE
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New Zealand rates slashed by 50bps
by Staff Reporter • 11 Sep 2008
The Reserve Bank of New Zealand (RBNZ) today cut interest rates by 50 basis points to 7.50 per cent – 25 basis... READ MORE
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Suncorp issues $444 million RMBS
by Staff Reporter • 11 Sep 2008
Suncorp yesterday raised $444 million in its second RMBS deal for 2008. READ MORE
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AFG expects to crack $2.3 billion for September
by Staff Reporter • 11 Sep 2008
The RBA’s September rate cut would appear to have reminded Australian borrowers that things aren’t quite... READ MORE
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Bank overhaul announced as Lehman posts huge Q3 loss
by Staff Reporter • 11 Sep 2008
US investment bank Lehman Brothers announced an estimated third quarter loss of $US3.9 billion ($A4.88 billion)... READ MORE
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Leasing, commercial and personal lending volumes drop
by Staff Reporter • 11 Sep 2008
Lending finance data from the ABS today shows slowing lending activity is not only confined to the housing sector. READ MORE
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Sub-prime and non-conforming arrears rise
by Staff Reporter • 11 Sep 2008
Arrears on Australian sub-prime and non-conforming loans continued to increase in June, new data released today... READ MORE
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Employment outlook remains bleak
by Staff Reporter • 10 Sep 2008
The outlook for employment continues to deteriorate but widespread layoffs are not yet on the cards, the Manpower... READ MORE
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Business confidence and business conditions up in August
by Staff Reporter • 10 Sep 2008
Business conditions improved slightly in August spurred by an improvement in mining, however all other sectors... READ MORE
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Non-bank lending tumbles in July
by Staff Reporter • 9 Sep 2008
The banks have gained further ground as funding issues continue to hamper the non-bank sector’s ability to... READ MORE
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Consumer sentiment falls
by Staff Reporter • 9 Sep 2008
More than a third of Australian consumers believe they are in a worse financial position than they were 12 months ago. READ MORE