Tag: Banking
Macquarie silent on job cut reports
Investment firm Macquarie Group is refusing to comment on a report that about 100 jobs have been slashed from the company.[MORE]
Babcock shares double after $150m lifeline
Shares in troubled Babcock and Brown have more than doubled after its bankers provided a $150m lifeline.[MORE]
Bonus-hungry bosses broke global economy: Macfarlane
Feature
Former RBA governor Ian Macfarlane is calling for radical surgery to get the global economy out of the "mess" that it is in.[MORE]
No final decision on 'infrastructure bank': Swan
Wayne Swan keeps options open on "infrastructure bank" for the states and territories.[MORE]
Macfarlane praises banks for crisis handling
Former Reserve Bank governor Ian Macfarlane says Australia is coping well with the global credit crisis.[MORE]
Building group up-beat about rate cut impact
A peak building industry lobby group says this week's interest rate cut will help stimulate the New South Wales mid-north coast construction and housing industry.[MORE]
Russian state bank asks for $50b handout
Russian state bank VEB has asked the Government for an additional 950 billion rubles ($53 billion) to shore up its cash reserves, Vedomosti business daily reported.[MORE]
CBA chief to lead peak banking body
The head of the Commonwealth Bank (CBA) has been elected as the new chairman of the banking industry's peak body.[MORE]
Banks urged to pass on rate cut
Banks are being urged to offer relief to Riverina business operators and farmers after the latest drop in official interest rates.[MORE]
Rate cut offers regional relief
The loans manager with Mt Gambier's Lynch Financial Group says yesterday's one percentage point interest rate cut by the Reserve Bank will help regional South Australians breathe a sigh of relief in the lead up to Christmas.[MORE]
BankWest fails to pass on full rate cut
BankWest will not pass on the Reserve Bank of Australia's full one per cent cut in interest rates. [MORE]
'No excuses': Swan slams banks for withholding rate cuts
Federal Treasurer Wayne Swan says there is no excuse for the banks not to pass on the full one percentage point interest rate cut.[MORE]
Bank warns south-west jobless rate may rise
The ANZ Bank says Western Australia's south-west has the nation's second lowest regional unemployment rate after south Queensland, with 2.1 per cent of the population out of work.[MORE]
Real estate institute wanted bigger rate cut
The Real Estate Institute of Queensland says it is disappointed the Reserve Bank did not cut interest rates by more than 100 basis points.[MORE]
Rate cut to help ease burden on Hunter families
A Newcastle-based financial counsellor says the latest interest rate cut will pull many Hunter families back from the brink of bankruptcy.[MORE]
Farm group wants rural sector to share in rate cut
The New South Wales Farmers Association says it hopes the latest interest rate cut will be passed on to farmers.[MORE]
AgForce expects banks to pass on rate cuts
Rural lobby group AgForce says farmers will be expecting banks to pass on yesterday's full interest rate cut to commercial and rural lenders.[MORE]
BankWest 'undecided' about dropping interest rates
BankWest is telling its customers it has not decided whether to pass on a reduction in official interest rates by the Reserve Bank of Australia (RBA). The RBA dropped interest rates cut rates by one percentage point, taking the cash rate to 4.25 per cent - a drop of 3 per cent in the past four months.[MORE]
JPMorgan to cut 9,200 Washington Mutual jobs
JPMorgan Chase and Co says it will cut about 9,200 jobs at the former Washington Mutual Inc, which on September 25 became the largest United States bank to fail.[MORE]
Big banks urged to support ABC Learning
A union representing childcare workers is calling on the major banks to financially support the troubled ABC Learning.[MORE]
'Staggering' fall in inflation gauge
Economists expect 1 percentage point rate cut tomorrow after big fall in inflation gauge.[MORE]
Westpac, St George merger complete
Westpac says it has completed its merger with St George Bank. [MORE]
Babcock and Brown extends trading halt
Struggling investment bank Babcock and Brown has extended its suspension from trade on the Australian share market. [MORE]
NAB chairman won't guarantee rate cut
NAB chairman refuses to guarantee that the bank will pass on in full any interest rate cut from the RBA tomorrow. [MORE]
Macquarie boss Clarke on leave for cancer treatment
Investment bank Macquarie Group says its chairman David Clarke will take leave for six months to undergo treatment for cancer. [MORE]
