Fund managers who manage mortgage income funds want the Federal Government to end the government guarantee on bank deposits as a measure aimed at reviving the $25 billion industry.
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Australian investment banking major Macquarie Group has agreed a deal to acquire Tristone Capital Global a boutique investment from Canada which specializes in the Canadian energy industry.
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New data from the Australian Bureau of Statistics has shown that business investment dropped substantially in the first three months of the year.
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Key contenders in the sale of British banking giant RBS’s Asian assets have not put forward any bids for the businesses that were put up for sale, leaving Australian retail banking major ANZ firmly in the driver’s seat.
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Australian regional lender Suncorp Metway, has increased its provision for bad debts in the third quarter by over 25 percent to $1.2 billion, and announced the possibility of operating through a non operating holding company structure.
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Australian retail banking major ANZ, the countries fourth largest lender says it intends to raise A$2.5 billion in fresh equity to finance its bid for troubled UK lender Royal Bank of Scotland’s Asian assets.
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In the second part of our two part piece on the ten worst credit card mistakes, we look at mistakes numbers 6-10, and see how easily they are avoided, by doing something as simple as reading credit card statements as soon as they arrive.
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Australian banking major, National Australia Bank (NAB) completed a landmark funding deal by becoming the first Australian issuer to raise debt on international credit markets without the use of the Australian sovereign guarantee.
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ASIC, the Australian securities regulator ended the eight month long ban on the short selling of financial stocks in the wake of the recovery and stability of global equity prices and in particular banking and financial stocks. The regulator however warned that it would counter any threat to the stability of Australian financial stocks by reinstating the ban.
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When individuals face financial problems it is not surprising that credit card offers suddenly start to look very appealing. Here are the first 5 of 10 commonly made credit card mistakes.
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