Non-banks get in on rate cut action
Non-banks have entered the rate cutting fray after major lenders finally moved last week
Prolink puts off holidays in Christmas rush
Prolink Finance Solutions’ Muzi Dandachli will be postponing holidays until late January or early February to cope with demand which is having his business colleagues ‘chasing their tails’
ANZ blinks first, second tiers and majors follow
ANZ has become the first major bank to move in the wake of the RBA's rate cut, followed closely by the other majors and two second tiers
No more major mergers: Norris
Having benefited greatly from a merger during the financial crisis, Commonwealth Bank CEO Ralph Norris has declared that the era of major acquisitions for the Big Four is now over
Big four have extra $8.1bn in their pockets
Having prepared for a worst-case scenario, the major banks suddenly find themselves in the middle of an economic recovery with bad debt write-offs nowhere near what was previously estimated.
ANZ first to raise rates
ANZ bank is the first to announce it will raise rates following the RBA's decision to increase the official cash rate by .25%.