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Centro hit by credit crunch
by Staff Reporter • 17 Dec 2007
Centro Properties Group (Centro) may become the first major Australian real estate casualty of the global credit... 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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AUSTRAC launches assistance tools as AML/CTF requirements kick in
by Staff Reporter • 13 Dec 2007
Businesses across the financial services sector are now required to implement anti-money laundering/counter-terrorism... 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
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Club Financial Services acquires The Mortgage Bureau
by Staff Reporter • 12 Dec 2007
Club Financial Services (Club) today announced the acquisition of franchise-operated mortgage brokerage The Mortgage... READ MORE
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US cuts rates to 4.25 per cent
by Staff Reporter • 12 Dec 2007
The US Federal Reserve's Federal Open Market Committee (FOMC) decided yesterday to lower interest rates by 25 basis... READ MORE
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Non-bank market share slides again
by Staff Reporter • 11 Dec 2007
The non-bank sector struggled again in October to hold onto market share. READ MORE
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Bluestone prices A$408.9 million RMBS
by Staff Reporter • 10 Dec 2007
Non-conforming lender Bluestone successfully priced a A$408.9 million RMBS through lead arrangers Barcap and Westpac... READ MORE
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US Government sub-prime bailout meets tentative Aussie approval
by Staff Reporter • 10 Dec 2007
Planned US government initiatives to help ease the impact of the sub-prime crisis have been met with cautious approval... READ MORE
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BoQ to take on the big banks
by Staff Reporter • 7 Dec 2007
The Bank of Queensland (BoQ) yesterday confirmed it will continue to look for strategic acquisitions to strengthen its... READ MORE
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OECD says rates to rise in 2008
by Staff Reporter • 7 Dec 2007
The RBA will need to raise interest rates to curb growth and inflation the Organisation for Economic Cooperation and... READ MORE
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Bank of England cuts cash rate
by Staff Reporter • 7 Dec 2007
The Bank of England Monetary Policy Committee yesterday voted to reduce the official cash rate by 25 basis points to... READ MORE
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Firstfolio looks to bonds
by Staff Reporter • 7 Dec 2007
Firstfolio has announced plans to move into niche markets beyond mortgage lending. READ MORE
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Brisbane investors opt for serviced apartments over residential rental
by Staff Reporter • 6 Dec 2007
New residential apartment completions fell in Brisbane during the financial year of 2006/07 BIS Shrapnel announced... READ MORE
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Adelaide Bank increases home loan rates
by Staff Reporter • 6 Dec 2007
Adelaide Bank lifted interest rates by 25 basis points on Monday for products across its wholesale lending program. READ MORE
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RBA changes rate reporting structure
by Staff Reporter • 5 Dec 2007
The RBA today accompanied its cash rate announcement with a brief statement explaining the reasoning behind its... READ MORE
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Expected hold on rates confirmed
by Staff Reporter • 5 Dec 2007
The RBA today announced that interest rates will remain unchanged at 6.75 per cent. READ MORE
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National property prices rise 12.5 per cent
by Staff Reporter • 4 Dec 2007
Australian property prices rose 12.5 per cent over the twelve month period ending September 2007. READ MORE
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Consumers uncomfortable with non-bank sector
by Staff Reporter • 4 Dec 2007
New research commissioned by the Australian Mortgage Council has shown that 31 per cent of consumers would feel... READ MORE
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Home shareholders support BoQ merger
by Staff Reporter • 3 Dec 2007
A proposed $600 million merger between the Bank of Queensland (BoQ) and Home Building Society (Home) was... READ MORE
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Rudd cautions banks of rate rise risk
by Staff Reporter • 3 Dec 2007
Prime Minister elect Kevin Rudd today cautioned commercial banks against raising interest rates over the Reserve... READ MORE
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Fixed rates popular with first home buyers
by Staff Reporter • 3 Dec 2007
Borrower demand for fixed-rate loans rose for the third consecutive month in October, accounting for 31 per cent of... READ MORE
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US foreclosures nearly double within a year
by Staff Reporter • 30 Nov 2007
US home foreclosures have nearly doubled in a year – highlighting how many homeowners were falling behind on... READ MORE