Latest news and insights on banking and finance in Australia and New Zealand, as delivered in the daily 7am Banking Day email news service (subscribe or take out a free trial).
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Bank property valuations bounce back
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05 October 2004 12:00amOne major bank told The Age's columnist Alan Kohler that, "according to loan applications coming through at the moment, values in many areas have returned to where they were before the correction began last November. » read more »
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Symond predicts further falls in new business
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05 October 2004 12:00amAussie Mortgage Market's managing director John Symond told The Australian he believes the home loan market will fall a further five per cent to 10 per cent by mid 2005. » read more »
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If you're going to gear, go negative
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05 October 2004 12:00amThe greatest advantage from negative gearing accrues to those who borrow more than 80 per cent of the purchase price of investment properties, analysis by Ernst & Young for the Reserve Bank of Australia found. » read more »
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Mike Pero Mortgages claims lead among NZ brokers
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05 October 2004 12:00am
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Finance trails wholesale star in productivity race
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04 October 2004 12:00amThe finance sector recorded productivity growth of 16 per cent over five years, and ranks second to wholesaling, with productivity growth of 32 per cent, a ranking of the rate of transformation of the efficiency of Australian industry shows. » read more »
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Pay later deposit insurance proposed
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04 October 2004 12:00amAny system of deposit insurance for Australia's financial system should adopt a "pay later" levy, Kevin Davis, author of the federal government's inquiry into financial system guarantees told the Australian Institute of Banking and Finance's annual conference in Melbourne on Friday. » read more »
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RBNZ proposes partial guarantee following bank failure
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04 October 2004 12:00amThe Reserve Bank of New Zealand on Friday provided an outline on its proposed "haircut", and an explicit government guarantee, as key mechanisms in any intervention by the central bank in the event of the failure of a major New Zealand bank. » read more »
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Bollard backs coordination and cooperation
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04 October 2004 12:00amThe Reserve Bank of New Zealand's aspirations for trans-Tasman banking harmonisation appear to amount to "some form of formalised cooperation arrangement between the home and host authorities" rather than anything more ambitious. » read more »
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More customer feedback about product complexity
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04 October 2004 12:00amIn a presentation to the AIBF banking and finance conference in Melbourne on Thursday, the banking and financial services ombudsman, Colin Neave, told the audience (which was more academic than practitioners) that "customers tell us that many financial products are too complex." » read more »
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Reserve would save the day: CBA
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04 October 2004 12:00amThere's no need to spend much time worrying about the macroeconomic affects of any slide in house prices, as the country's largest home loan provider is sure that the central bank would act to reverse any downturn in consumer confidence that accompanied any price fall. » read more »
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September mortgage loan sales strengthen
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04 October 2004 12:00amIn a round up by The Australian on Saturday of the view of mortgage marketers, requested in the context of Michael Cameron's speech: » read more »
