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| | | Industry Super Fund-owned Members Equity Bank has received a $500 million injection following the Federal Government's Australian Office of Financial Management's investment in its super members' home loans RMBS. In a media statement released by MEB ... |
| | | | Schroders is building up its position in high yielding credit - a sharp contrast from the group's underweight allocation to the sector 18 months ago. "Go back 18 months, we didn't want anything to do with credit. The risk premium of high yielding credit ... |
| | | | ... manual errors and reduce post-trade operational risks. Electronic trading platform Yieldbroker, which counts the Commonwealth Bank, Citi and JPMorgan as clients, will now link its platform with Omgeo's trade confirmation service, Omgeo OASYS GlobalSM. ... |
| | | | ... Markets Committee, voted to lower the fed funds target by 50 basis points to 1.0 per cent. At the same time, the US central bank reduced the discount rate to 1.25 per cent. The accompanying statement explained that the decision was taken in light of ... |
| | | | The Australian share market is expected to open slightly stronger today after a late dive on Wall Street wiped out earlier gains following the Federal Reserve's half a point interest rate cut. At 0801 AEDT, the December Share Price Index futures contract ... |
| | | | ... market which is encouraging on the positive side. "Will it continue? Only time will tell." At 1211 AEDT, National Australia Bank had risen $1.26, or 5.5 per cent, to $24.16, ANZ was 92 cents higher, or 5.43 per cent, at $17.85 and Commonwealth Bank gained ... |
| | | | ... indices to show the cash rate against other asset classes. The index is especially pertinent after the government guaranteed bank deposits and creating new opportunities and challenges for investors. The firm said the government will charge authorised ... |
| | | | ... applications from wholesale funds wanting to convert into official "deposit taking institutions" that are covered by the 'bank guarantee'. But this is still false hope as only a few are likely to meet the much more stringent prudential tests that DTIs ... |
| | | | ... rate to 0.50 per cent, particularly given that inflationary pressures are no longer part of the equation. The US central bank has a difficult task of turning the economy and confidence around. Credit conditions (although easing) remains tight, businesses ... |
| | | | ... Education, Employment and Workplace Relations will release skilled vacancies data for October. In company news, St George Bank posts its annual results this morning. Among the companies hosting annual general meetings are Foster's Group, Noni B, Macquarie ... |
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