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Westpac moved early and priced high in the mortgage market last week, earning for itself a notional, annual profit gain of $450 million. read more

Westpac, one assumes, is willing to let market share go for a while. Maybe Westpac has had its fill. Or maybe it does not expect to lose much of its natural share in the mortgage market, which is prov.. read more

National Australia Bank yesterday opted to prioritise management of its reputation over management of its margin in the domestic market, and said it will increase its standard variable home loan rate.. read more

No other lenders of which this newsletter is aware sought any publicity for decisions on home loan interest rates yesterday, in the wake of the 25 basis point rise in the cash rate steered through by.. read more

Consumer credit insurance is one of the higher margin, cross-sell products that banks seek to sell to customers. read more

Banks take turns in raising or lifting margins, as cartel interests dictate. Westpac took its turn as price leader yesterday in the home loan market, announcing an increase in its standard variable ra.. read more

The matrix of deposit gathering tactics employed by National Australia Bank over the last year or so appears to be producing short-term results. read more

National Australia Bank will promote seasonal finance to farmers through select outlets of rural services firm Ruralco. The latter announced the plan yesterday. read more

The current level of home loan approvals in Australia "are at levels which indicate a degree of home-buyer activity that has typically been associated with rising house prices", Ric Battellino, the de.. read more

Agribusiness, consumer, property and smaller financiers were the most problematic categories of borrower for ANZ in the half year to September 2009, the bank's latest "pillar 3" report shows. read more