Third leasing trust securitised by Macquarie 10 December 2008 5:32PM Macquarie managed to find a few investors for a lease securitisation, the third by the bank this year. It is the only investment bank scraping together any investors for public, asset-backed deals at.. read more
Swift rate cuts effective 10 December 2008 5:31PM The monetary policy stimulus to the Australian economy may be packing a swift, if not yet a decisive, punch. read more
APRA to leave salaries to the market 10 December 2008 5:30PM There's not much prospect of any regulatory clamp on excessive salaries in the financial services arena, and thus little chance of action to back up the flowery rhetoric of Australia's Prime Minister,.. read more
Cuscal margins holding up 09 December 2008 5:23PM Cuscal will continue to seek out new customers among superannuation funds as the central services entity for credit unions seeks to counteract the continuing amalgamation among its core customers. read more
Clydesdale gets extra capital 09 December 2008 5:23PM National Australia Bank plans to tip £700 million into Clydesdale Bank in order to meet the increased capital requirements the Financial Services Authority is imposing across the banking sector. read more
Average LVR rising on new loans 09 December 2008 5:22PM The increased government grant to first home buyers may be drawing more such customers into the home loan market, though the overall level of demand for loans is pretty static. read more
Car finance fund agreed 08 December 2008 5:51PM Credit Suisse, as arranger, the four major banks and the Australian Treasury won't have too many precedents to draw on as to the structure, and price, of the $2 billion special purpose vehicle that wi.. read more
ANZ axes 800 middle managers 08 December 2008 5:48PM ANZ on Friday advised staff of plans to make a raft of middle managers redundant. According to numerous media reports the cuts will affect about 800 staff, with 600 or so axed in Australia and most of.. read more
Foreign banks in line, for now 05 December 2008 5:39PM The finalisation yesterday of a financial lifeline by the banking syndicate to Babcock & Brown clarifies that, for now at least, foreign banks aiming to blackmail the major Australian banks into t.. read more
Divestment may follow job cuts at Macquarie 05 December 2008 5:39PM Hundreds of staff at Macquarie Group received their notice yesterday and are expected to clear their desks by today. read more