News Archive
2010
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2009
- December [1]
- November [3]
- October [2]
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- June [5]
- May [2]
- April [2]
- March [6]
- February [11]
- January [12]
2008
Bank News
$47b Bill To Rescue Top British Bank
30 November 2008
THE Royal Bank of Scotland Group says the British Government will take majority control of the bank - buying close to a 60 per cent stake - after its shareholders shunned a stock offering... read full story
Decorate your house with a personal loan
27 November 2008
A personal loan may be able to help you fund your renovations if your house needs a desperate revamp. Learn how an Aussie personal loan can help... read full story
Bank Glitch Leaves Clients Short Of Cash
26 November 2008
AS MANY as 200,000 Commonwealth Bank customers across Australia found themselves short of money yesterday after an online glitch duplicated withdrawals from their accounts... read full story
Time Running Out For B
25 November 2008
THE troubled asset-management group Babcock & Brown has little more than a few days to resolve the dispute over a frozen $70 million bank deposit before its banking syndicate loses patience and appoints receivers... read full story
Us Bid To Bail Out Citigroup
25 November 2008
THE US Government has launched a radical plan to rescue Citigroup, once the world's largest bank, in a deal in which the Government could absorb tens of billions of dollars in losses at the struggling bank... read full story
Us Billions To Bail Out Bank Giant
25 November 2008
THE US Government has launched one of the biggest rescue packages in corporate history in a bid to save Citigroup - once the world's largest bank - from succumbing to the global financial crisis... read full story
Unexpected Consequences Guaranteed
24 November 2008
IF YOU had more than $1 million in the bank today, you'd be preparing to pay the Federal Government to insure it... read full story
St George Stalwart Takes The Top Job
21 November 2008
A 25-YEAR veteran of St George Bank, Greg Bartlett, has beaten at least two of his senior colleagues to the top post - running retail and business banking - under the bank's new owner, Westpac, and its former chief executive, Gail Kelly... read full story
Recession Possible, Says Reserve Bank Head
20 November 2008
AUSTRALIA may be unable to avoid a recession, Reserve Bank Governor Glenn Stevens has conceded... read full story
Reserve Set To Cut Rates Again
19 November 2008
THE Reserve Bank board will cut at least three-quarters of a percentage point from interest rates when it meets again on December 2, and may even cut by a full point... read full story
Goldman Sachs First Bank To Cut Executives' Bonuses
18 November 2008
GOLDMAN SACHS, the firm that set a record for Wall Street pay last year, became the first US bank to scrap this year's bonuses for senior officers in the face of the worst financial crisis since the Great Depression... read full story
St George Bank Ceo Quits
18 November 2008
ST George Bank Ltd chief executive Paul Fegan has resigned, after the bank's merger with Westpac Banking Group was approved by shareholders last week... read full story
Cba Looks To Top Up Capital Base
15 November 2008
THE Commonwealth Bank is expected to top up its capital base as it tackles increasing bad debts against the background of one of the worst weeks ever for its share price performance... read full story
Mind Your Own Business, Settler Leader Tells Rudd
15 November 2008
Not everyone is happy with our Government's policy reversal, writes Jason Koutsoukis in the West Bank... read full story
Bank's $2.7bn Savings Hope
14 November 2008
WESTPAC is to move quickly to take control of St George Bank and begin a three-year effort to strip as much as $2.7 billion in costs from the combined operations of the two companies after yesterday's overwhelming vote in favour of their merger by the Dragon's shareholders... read full story
Cba To Take $1b Hit Over Bad Debts
14 November 2008
THE failures of Allco Finance Group, ABC Learning Centres and the giant US investment bank Lehman Brothers could add $1 billion in bad debt charges to the books of the country's largest lender, the Commonwealth Bank, next year... read full story
Cba's Loan Losses To Increase
14 November 2008
SHAREHOLDERS have expressed dismay over Commonwealth Bank's investments in failed companies including Allco Finance Group and ABC Learning... read full story
Get a St George directsaver savings account and get more money in your bank account now
14 November 2008
The St George directsaver savings account can help you get what you want sooner. Learn more now... read full story
Switch To Nab Hits Commonwealth
12 November 2008
INVESTORS slashed more than $3 billion off the market capitalisation of the country's largest bank, the Commonwealth, as it got caught in the backwash of its rival National Australia Bank's surprise fund-raising exercise... read full story
Investors In The Bank As Nab Raises $3bn
11 November 2008
NATIONAL Australia Bank is expected to be followed by at least one major rival in directly tapping shareholders for funds to strengthen balance sheets, after it successfully raised $3billlion yesterday, $1billion more than it originally thought possible... read full story
Surprise Capital Raising Strengthens Nab, Intrigues Rivals
11 November 2008
NATIONAL Australia Bank is expected to be followed by at least one of its rivals in directly tapping shareholders for funds to strengthen their balance sheets, after it successfully raised $3 billion of new capital yesterday - $1 billion more than it originally thought possible... read full story
Big Banks Are Tightening Grip
10 November 2008
BANKWEST warned the Federal Government the industry was losing competition and the big four banks were tightening their grip on customers three months before it surrendered its independence as Australia's sixth biggest bank to the Commonwealth... read full story
Disappearing Dragon
8 November 2008
HISTORY, as St George Bank's 7890 staff and 150,000 small shareholders know only too well, has an uncanny knack of repeating itself... read full story
A Job You Can Bank On
5 November 2008
Interior fitouts, $5M-$15M ISIS Projects - National Australia Bank, Miller St, North Sydney $1M-$2M ISIS Projects - Triple J Studio, Ultimo.. read full story
Bank Holds Back On Full Rates Cut
5 November 2008
THE Commonwealth Bank took just minutes yesterday to announce it would pass only part of the latest interest rate cut on to its mortgage customers, drawing condemnation from both sides of the political divide... read full story
Commonwealth Bank Cries Poor
5 November 2008
THE Commonwealth Bank last night sought to defend its controversial decision not to pass on to home-owners the full benefits of the Reserve Bank's surprise 0.75 per cent cut in interest rates, as speculation grew that one of its major competitors would trump its move... read full story
Interest Rates Cut Again
5 November 2008
IN three short months the Reserve Bank of Australia has cut interest rates by two percentage points from the 7.25 per cent in place in September to the new rate of 5.25 per cent that takes effect today. A lot has happened since the Reserve Bank cut rates by 0.25 percentage points in September to deal with an economy being buffeted by "opposing forces". Global credit markets were "difficult", it said at the time, but Australia's terms of trade were on the rise and business spending was strong... read full story
More Rate Relief On Way
5 November 2008
THE Reserve Bank is set to reduce interest rates by a further 0.50 percentage points within weeks after its most aggressive series of cuts since the 1991 recession... read full story
Rate Cut Saves An Extra $200 A Month
5 November 2008
THE Reserve Bank is mounting its most aggressive campaign of interest rate cuts in a quarter of a century in a bid to avert recession but mortgage holders are not getting the full benefit... read full story
Rate Reduction As Reserve Bank Shadows Fiscal Policy
5 November 2008
IT TOOK just two months for the Reserve Bank to reduce interest rates by 2 percentage points and thus undo the eight increases of the previous 31/2 years... read full story
Anz Boss Faces Court Grilling Over Primebroker
3 November 2008
THE head of the ANZ Bank, Mike Smith, is expected to be dragged into the witness box as legal action over the bank's dealings with the failed margin lender Primebroker Securities is played out... read full story
Is Dragon Deal A Sign Of Bank Dark Ages?
2 November 2008
EITHER bank shares are a screaming buy or this is the mother of all bear traps... read full story
