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Brighton-Hall managing HR at CBA
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24 August 2010 6:45amRhonda Brighton-Hall is joining the Commonwealth Bank to lead the human resources team for the retail banking services division. » read more »
- Rise of rural independents could pressure banks
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23 August 2010 6:52amAustralia’s banks may face increased pressure to finance rural businesses if, as widely expected, three conservative independents become the pivotal force in the next federal government. » read more »
- Green wish list: Lower ATM fees, fixed margins on home loans and basic accounts
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23 August 2010 6:52amAn easy policy bone that Labor can offer its third party supporters is more prescriptive control of bank pricing, bank practices and even bank products. » read more »
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ANZ still talking savings
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23 August 2010 6:51amThe macro numbers in ANZ’s third-quarter trading update, released on Friday, were mostly favourable for the bank. » read more »
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Business lending grows slowly for ANZ
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23 August 2010 6:51amANZ reported modest growth in the June 2010 quarter, over the March quarter, across a range of business lines. » read more »
- Subdued business lending reflects a lack of demand
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23 August 2010 6:51amThe fall in business lending in Australia reflects a lack of demand, Rob Coombe, head of retail and business banking at Westpac, told the Financial Review. » read more »
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Mortgagee repossessions drop by two thirds
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23 August 2010 6:50amCourt orders for the repossession of mortgaged houses and flats are down from numbers experienced in 2008. » read more »
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Allied Nationwide collapses as parent deserts
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23 August 2010 6:50amA last-minute desertion by its parent, Allied Farmers, has forced finance company Allied Nationwide to fall into receivership, leaving taxpayers to bear the burden of repaying its debentures. » read more »
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Garbage bond funding for Reynolds
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23 August 2010 6:49amReynolds Group Holdings, owned by New Zealand investor, Graeme Hart, may use US$5 billion in leveraged loans and junk bonds to finance the takeover of Pactiv Corp, a manufacturer of garbage bags. » read more »
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HSBC and UBS bonds last of a kind
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23 August 2010 6:48amTwo more international banks last week took the opportunity to sell Australian dollar debt, taking advantage of ample liquidity and favourable pricing to raise the funds and swap the proceeds into preferred currencies. » read more »
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Funders getting back to business
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20 August 2010 6:48amThe machinery of securitisation may be grinding back into gear, with Macquarie Bank the latest to market a pool of mortgage-backed securities. The bank is selling $500 million in bonds through Puma Masterfund P-16 Series A. » read more »
