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As a parade of American and other banks have illustrated over the 18 months of the global financial crisis, in many cases a bank must first raise the capital required to avoid a breach in its capital.. read more

GE Capital will cut another 400 staff from its operations in Australia and New Zealand by the end of this year, the company confirmed yesterday. The cuts, which follow cuts of 335 staff announced in l.. read more

GE Capital may be trimming and reorganising its business in Australia and the firm may have incurred losses from selling out of some businesses, but its aspirations don't appear to be all that differe.. read more

Elders Rural Bank yesterday reported an improved profit for the December quarter, with an increase in the return on equity and the return on assets. read more

The Australian Office of Financial Management yesterday spelled out its preliminary approach to selling all the extra government bonds required to finance the substantial deficits the government will.. read more

Westpac sold $442 million worth of new shares to retail investors under a share purchase plan announced late last year, the bank said yesterday. The bank had said it was willing to sell up to $500 mil.. read more

More data from Australia's 2006 Census provides a long- range view of the addressable market for suppliers of residential finance. The percentage of home owners with a mortgage has fluctuated over 20.. read more

Commonwealth Bank late yesterday provided a minor surprise and published, in headlines terms, its tentative profit for the half year to December 2008. read more

The Australian arm of Anglo-African financier Investec Bank yesterday issued only its second ever tranche of term debt into the local capital market, and in practice at a spread eight times wider than.. read more

Banks look likely to fund their half share of the $4 billion "capital" base for the proposed Australian Business Investment Partnership by making loans to the special purpose fund, rather than investi.. read more