NAB ready to rumble-
05 October 2007 7:49am
- Bankers say super tax breaks too generous
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05 October 2007 7:45amSenior bankers have expressed their concern to the Federal Government about what they see as an increasingly uneven playing field in the market for household savings. » read more »
- Liberty and Calibre get the market rolling
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05 October 2007 7:45amThere’s more movement in the asset-backed market, with Liberty Financial pricing $235 million of bonds secured by commercial mortgages and Calibre Financial Services roadshowing $200 million of residential mortgages. » read more »
- Three surveys define Norris bonus
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05 October 2007 7:43amCommonwealth Bank will use three measures in its assessment of customer satisfaction levels. » read more »
- Bank equities wrap - October 4
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04 October 2007 6:49amFinally, the banks have outperformed the index. Two catalysts: a shocking result from Citigroup in the US, while Westpac feasts on mutton. » read more »
- Faltering titans spur financial rally
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04 October 2007 6:48amThe banks had been starting to regain some momentum last week as the effects of the Fed easing acted like a burst of WD40 on a chronically rusty nut. The nut began to turn, but careful you don't force it as it might still snap. But this week's major impetus, experienced on Tuesday, was a dreadful third quarter result warning from America's largest overall bank – Citigroup.
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- Rams closes the discount era
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04 October 2007 6:47amLocal news was dominated by Tuesday's announcement that Westpac had signed an agreement with Rams Home Loans allowing Westpac to rip out the tastiest bits of the Rams carcass even before Rams had taken its final breath. Under the deal Rams management, franchisees and employees get to keep their jobs. Under the deal Rams shareholders are hung out to dry. » read more »
- Deutsche downgrades sector
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04 October 2007 6:45amOn the regional banking front, Deutsche Bank noted this week that in reality liquidity has only marginally improved for Australian banks in general. The analysts' assessment suggests their estimation of a 20 basis point increase in funding is ringing true. This will impact the big banks' earnings by a manageable two to three per cent, but the smaller banks will suffer more. » read more »
- GE grows with Myer Black
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04 October 2007 6:43amMyer Black is winning customers for GE Money, 10 months after the return of what was once an icon of Australia’s payment card landscape. » read more »
- Aussie survives Rams
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03 October 2007 6:42amThere is an opening in the Australian mortgage landscape for the revival of a once vital but these days lacklustre brand. » read more »
- Rams and Westpac leave brokers in the dark
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03 October 2007 6:39amMortgage brokers were left wondering yesterday whether they would have Rams mortgage products on their books and what those products would look like if Westpac’s proposed deal to buy the Rams brand and franchise network goes ahead. » read more »
