Property Investor Demand For Mortgages Highest In Six Years

March 9, 2010 · Filed Under news · Comment 

A survey conducted by a leading mortgage broker suggests that investors returning after their summer holidays took the largest share of the home loan market since 2004.

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Trio Capital Funds Wound Up By Administrator

February 12, 2010 · Filed Under Business News, Company News, Wealth Management, investments, news · Comment 

A group of managed investment and superannuation funds with $260 million in assets, once run by bankrupt investment company Trio Capital are to be closed down.

The six investment funds which include the Astarra Startegic Fund, a fund which invested $118 million in an opaque company registered in the British Virgin Islands, are being forced to wind themselves up following action by the administrator of Trio, PPB.

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Macquarie Makes European Investment Banking Acquisition

Australian investment banking major Macquarie Group has acquired the research and investment banking operations of Luxembourg based private bank Sal Oppenheim.
Macquarie had recently acquired the private bank’s derivatives business in December last year.

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Bendigo And Suncorp To Combine Their ATM Networks

December 9, 2009 · Filed Under Business News, Company News, banking, news · Comment 

Bancassurance group Suncorp-Metway, and regional lender Bendigo and Adelaide Bank are set to combine their ATM networks, giving customers of both banks a wider choice of machines.

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The Coming Australian Foreign Exchange Trading Boom

November 16, 2009 · Filed Under Forex, investments, news · 2 Comments 

The head of a leading online foreign exchange broker says he believes that Australia is on the verge of a coming online foreign exchange trading boom, and sees tremendous potential for growth of investments in currency trading in the country.

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CBA Chairman Adds Voice To Growing Chorus Against Over Regulation

November 12, 2009 · Filed Under Australian Economy, Business News, Company News, banking, news · Comment 

The chairman of Commonwealth Bank of Australia (CBA), John Shubert, has added his voice to the growing chorus that is warning against excessive banking regulations.

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ANZ On The Prowl For Acquisition Opportunities

Mike Smith, chief executive of Australian banking major ANZ, says he hopes the lender will be “substantially bigger” within two years, and says he believes that Australian financial institutions could play a much larger role in the global economy going forward.

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Wayne Swan Urges Banks To Follow NAB’s Lead And Scrap Fees

October 16, 2009 · Filed Under banking, credit cards, news · Comment 

Federal Treasurer Wayne Swan has said that other Australian banks should follow NAB’s lead and lower fees and charges further.

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Australians Shift From Credit Cards Into Debit Cards

October 16, 2009 · Filed Under Australian Economy, banking, credit cards, news · Comment 

Australians continue the trend of shifting away from using credit cards into debit cards whilst making new purchases. Over all credit card debt however is expected to increase as optimism over the economic recovery increases.

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Australian Home Buyers Take Advantage Of Low Interest Rates

August 31, 2009 · Filed Under news · Comment 

Australian’s have been taking advantage of half century low interest rates, and government subsidies,  with the number of mortgages taken on the increase, according to research from a credit provider.

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