RAMS withdraws from broker channel
Amid widespread talk of economic recovery, in an unexpected turn RAMS Home Loans has taken the decision today to close its broker distribution channel.
BoQ signals desire for Suncorp's equipment finance
The Bank of Queensland's recent $340m capital raising has bolstered its desire to grow in scale by buying Suncorp's equipment finance loan book.
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.
Brokers: Rate speculation "fuelled by media"
Brokers reacted to yesterday's bank interest rate rises and stronger than expected employment figures with cautious optimism. There was anger, however, at the role the mainstream media had played in stirring up public concern.
NZ High Court rules against Westpac
Westpac has lost its legal battle with New Zealand's Inland Revenue Department (IRD) over tax avoidance, the department announced today.
ACCC greenlights NAB/Challenger deal
NAB has confirmed that the ACCC won't intervene in its proposed acquisition of Challenger's mortgage management business