Mortgage Fund Managers Call For Government To Lift Deposit Guarantee

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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Macquarie To Acquire Canadian Investment Bank

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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Australian Business Investment Continues To Contract

May 28, 2009 · Filed Under Australian Economy · Comment 

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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ANZ Only Bidder Remaining For RBS Asian Assets

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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Suncorp Increases Guidance For Bad Debt

May 27, 2009 · Filed Under Australian Economy, Company News, Equities, banking, investments · Comment 

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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ANZ To Raise $2.5 Billion In New Capital

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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The Top Ten Worst Credit Card Mistakes Part 2

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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NAB Completes Landmark Funding Deal

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 Ends Ban On Short Selling

May 25, 2009 · Filed Under Australian Economy, Capital Markets, Equities, investments · Comment 

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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The Top Ten Worst Credit Card Mistakes Part 1

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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