Latest Australian Finance News from Money-Au.com.au
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- International Banks Beat Retreat from Australia Causing Shortfall in Australian Corporate Lending
- Speculation Over Whether NAB Plans To Sell It’s UK Units
- Australian Income Inequality Massive Despite Household Wealth Rising
- Australian Banks Minting Fees From Consumers
- Deutsche & Citi Dropped From Australian Interbank Rate Setting Group
- Class Action Lawsuit Filed Against ANZ Over Opes Prime
- Aussie Bonds Provide Spectacular Returns In 2008
- Australian Non Bank Lenders To Consolidate Further
- Australia’s Largest Companies To Take A$ 50 Billion Balance Sheet Hit on Intangibles
- Australian Pension Funds Lose A$ 91 Billion
- International Banks Beat Retreat from Australia Causing Shortfall in Australian Corporate Lending
Major international banks are scaling back their lending to Australian corporations in the wake of the global credit crisis as they retreat to their domestic markets and the Australian Federal Government loan guarantee continues to divide the banking sector. - Australian Banks Minting Fees From Consumers
The Australian Prudential Regulatory Authority (APRA) published new research last week showing that in the year to June financial institutions accrued income from fees and commissions totalling A$ 22.6 billion. The amount represented at least a ten per cent increase in fee and commission based income from the previous year which amounted to A$ 20.48 billion. - Australian Non Bank Lenders To Consolidate Further
The capitulation of GE Money, and the subsequent divestment of its Wizard Home Loans for just A$ 26 million, after having paid A$ 500 million for the business just 4 years ago suggest the outlook for non bank lenders and mortgage brokers is positively horrendous. The acquisition of Wizard by Aussie Home Loans and CBA bears the beginnings of a wave of consolidation for the industry in general. - Read more featured finance news articles
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