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Banking Industry
Highlights this month
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Applauded the government's move to guarantee bank deposits to shore ...
Banks support govt's deposit guarantee
The banking industry has applauded the government's move to guarantee bank deposits to shore up public confidence in lenders amid the global financial crises.
Business Day - 2 days, 17 hours ago
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Be agreed "in the very near future", say US political ...
US Bail-Out 'To Be Agreed Soon'
The $700bn bail-out of America's banking industry will be agreed "in the very near future", say US political chiefs.
Sky News | World News - 2 weeks, 4 days ago
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Faced in many years. A month ago Commonwealth Bank and ...
Westpac well placed for the crunch
Company: Westpac Banking Corporation (WBC) Recent talk about the credit crisis has been overwhelmingly negative, but there may also be a few positives for a big bank like Westpac. These ...
Intelligent Investor - 7 months, 1 week ago
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Forecasting robust economic growth this year
Experts predict robust economic growth
The global finance and banking industry is forecasting robust economic growth this year.
ABC Business - 1 year, 6 months ago
52 minutes ago
Credit, charge card transactions down
The total value of credit and charge card transactions, including advances, fell in August, figures from the Reserve Bank show.
Sydney Morning Herald Business - 11:40 a.m. Thursday 16th October 2008
Sydney Morning Herald Business - 11:40 a.m. Thursday 16th October 2008
RBA pumps $2.8b into banks
The Reserve Bank injects extra cash into the banking system, stepping up its efforts to cut interbank rates and revive frozen credit markets.
Business Day - 10:01 a.m. Thursday 16th October 2008
Business Day - 10:01 a.m. Thursday 16th October 2008
Credit union relieved by bank deposits guarantee
A New South Wales mid-north coast credit union is relieved the Federal Government has moved to guarantee all bank deposits because of global financial uncertainty.
ABC News banking - 10:01 a.m. Thursday 16th October 2008
ABC News banking - 10:01 a.m. Thursday 16th October 2008
Rio Cools On China; Global Markets Plunge
The China boom is over, ended by Rio Tinto in its third quarter production review.Not quite ended by Rio, more recognised in a dose of realism that puts the BHP ...
Yahoo!7 Finance News - 9:23 a.m. Thursday 16th October 2008
Yahoo!7 Finance News - 9:23 a.m. Thursday 16th October 2008
Gradual thaw in money markets go on
Dollar money-market rates fell after the European Central Bank, Bank of England and Swiss National Bank offered lenders unlimited US currency for the first time in a coordinated effort to ...
The Age - 6:05 a.m. Thursday 16th October 2008
The Age - 6:05 a.m. Thursday 16th October 2008
14 hours, 34 minutes ago
Iceland cuts interest rates (AP)
AP - Iceland's central bank slashed official interest rates by 3.5 percentage points on Wednesday as it warned that the collapse of its banking system will lead to a "very ...
Yahoo! News: World News - 9:58 p.m. Wednesday 15th October 2008
Yahoo! News: World News - 9:58 p.m. Wednesday 15th October 2008
Iceland slashes rates, seeks Russian help in crisis (Reuters)
Reuters - Iceland's central bank slashed interest rates on Wednesday and officials pursued efforts to get help from Russia in tackling the worst economic crisis in the island's history.
Yahoo! News: World News - 8:43 p.m. Wednesday 15th October 2008
Yahoo! News: World News - 8:43 p.m. Wednesday 15th October 2008
Iceland slashes interest rates by 3.5%
Iceland's central bank will slash its key interest rate by 3.5 percentage points to 12 per cent as the country struggles to ward off national bankruptcy.
Business Day - 8:23 p.m. Wednesday 15th October 2008
Business Day - 8:23 p.m. Wednesday 15th October 2008
Reverse mortgage rate relief for Australian seniors
In a surprise move, the Reserve Bank of Australia last week announced a 1.00% cut to the official cash rate in response to the worsening credit crisis. This is welcome ...
Reverse Mortgage Watch - 4:58 p.m. Wednesday 15th October 2008
Reverse Mortgage Watch - 4:58 p.m. Wednesday 15th October 2008
Axiom secures $100m debt facility
Peter Laurance’s Axiom Properties has secured a $100 million debt facility from St George Bank, refinancing its Port Geographe residential subdivision project, the company has announced. The new faci
The West Australian - business - 2:45 p.m. Wednesday 15th October 2008
The West Australian - business - 2:45 p.m. Wednesday 15th October 2008
Tokyo tension eases: BoJ pulls funds
JAPAN'S central bank drained 1 trillion yen of excess funds from Tokyo money markets today as tensions over credit spreads eased.
The Australian Business News - 12:57 p.m. Wednesday 15th October 2008
The Australian Business News - 12:57 p.m. Wednesday 15th October 2008
Canadian banks rated most secure
CANBERRA -- Canada has the world's soundest banking system, closely followed by Sweden, Luxembourg and Australia, a survey by the World Economic Forum has found as financial crisis and bank ...
Malaysia Sun - 11:47 a.m. Wednesday 15th October 2008
Malaysia Sun - 11:47 a.m. Wednesday 15th October 2008
ANZ cuts fixed home loan rate
ANZ Bank has cut the interest rates on fixed rate home loans by between 0.5 per cent and 0.8 per cent. The bank has dropped its rates on fixed mortgages ...
The West Australian - business - 11 a.m. Wednesday 15th October 2008
The West Australian - business - 11 a.m. Wednesday 15th October 2008
Australia shares dip; miners down on economy worry
(Adds fund manager comment, stocks on the move) MELBOURNE, Oct 15 (Reuters) - Australian shares fell 1.6percent on Wednesday, turning back on two days of strong gains,after investors shifted their ...
ninemsn Money - 10:24 a.m. Wednesday 15th October 2008
ninemsn Money - 10:24 a.m. Wednesday 15th October 2008
Bush administration ploughs billions into bank rescue
This is a transcript from AM. The program is broadcast around Australia at 08:00 on ABC Local Radio. You can also listen to the story in and and formats. Bush ...
World News Network - 10 a.m. Wednesday 15th October 2008
World News Network - 10 a.m. Wednesday 15th October 2008
