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Showing 41 - 50 of 139 results for www.thesheet.com

Mortgage managers sanguine over Macquarie exit

WWW.THESHEET.COM  |  THURSDAY, 6 MAR 2008
Mortgage managers and originators say they are taking the news of Macquarie Bank's decision to quit the mortgage market in their stride, insisting they had multiple funding sources and could replace the Macquarie funding without feeling any impact on ...

Chasing the deposit dollar

WWW.THESHEET.COM  |  MONDAY, 3 MAR 2008
The increase and availability of wholesale funding dilemma is causing major headaches for banks, but investors long cash are reaping the benefits with some term rates passing eight per cent, more than a full percentage point higher than the official ...

Wikis may be working for Westpac

WWW.THESHEET.COM  |  WEDNESDAY, 20 FEB 2008
The arrival of Gail Kelly at the helm of Westpac may accelerate the bank's adoption of "Web 2.0" tools such as blogs, wikis and social networks, allowing staff to share information freely and collaborate online. The bank already has around 1000 user ...

Even Macquarie has to pay for funding

WWW.THESHEET.COM  |  THURSDAY, 7 FEB 2008
Macquarie Group chief financial officer Greg Ward reported yesterday that the group has been paying between 15 and 30 basis points more for funding since the credit market liquidity crisis hit in July. The group has had a strong flow of retail deposits ...

Tricom trading on unusual terms

WWW.THESHEET.COM  |  FRIDAY, 1 FEB 2008
Tricom Equities yesterday clarified a couple of details amid the market and media rumour storm connected to the group's surge in margin calls and its failure to settle stock market trades at the beginning of this week. Tricom said in a media statement ...

Tricom a day late on settlements

WWW.THESHEET.COM  |  WEDNESDAY, 30 JAN 2008
Stockbroker Tricom Equities yesterday failed to settle all trades relating to its share trading activities from the middle of last week. The Herald Sun reported that Tricom notified the Australian Securities Exchange and other market participants that ...

Market plunge drives record margin calls

WWW.THESHEET.COM  |  WEDNESDAY, 23 JAN 2008
Margin lenders CommSec and St George Bank made record numbers of margin calls on Monday night and after yesterday's All Ordinaries 409 point drubbing, with another record in the making last night. CommSec managing director Matt Comyn, speaking late ...

Fundies find a loophole in money laundering law

WWW.THESHEET.COM  |  WEDNESDAY, 12 DEC 2007
On the eve of the implementation of the most significant provision of the Anti-Money Laundering and Counter-Terrorism Financing Act, the regulator Austrac has conceded that there is a big loophole in the law. Austrac issued a statement yesterday, saying ...

Singapore and ME fund swoop on UBS

WWW.THESHEET.COM  |  TUESDAY, 11 DEC 2007
Government of Singapore Investment Corp and an unidentified Middle Eastern investor (rumoured to be a state controlled fund from Oman) have chipped in $11.6 billion in capital into UBS to lift it out of the sub-prime funding jungle. This is the latest ...

Not much of a fix from the freeze

WWW.THESHEET.COM  |  FRIDAY, 7 DEC 2007
There may still be plenty of questions over the virtue and mechanics of the planned "freezing" of loan interest rates for several hundred thousand distressed home loan borrowers in the US. The US government formally outlined the plan this morning without ...