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| | | ... Forrest addresses Melbourne Mining Club. The Australian share market closed lower on Monday after weakness among the big banks and global miner BHP Billiton and a negative lead from Wall Street. The benchmark S&P/ASX200 index was down 43.3 points, or ... |
| | | | ... Futures Exchange, the March share price index contract was up 17 points at 3,485 on a volume of 11,561 contracts. The big banks were stronger at 1203 AEDT. Commonwealth Bank of Australia was up 46 cents, or 1.75 per cent, at $26.77, National Australia ... |
| | | | A CoreData report found roughly 2,000 mortgage brokers believe they will change broking groups in the next year as big banks cut commissions and continue to squeeze them out of the industry. The study of 700 Australian mortgage brokers revealed two ... |
| | | | ... market is in danger of collapsing and - without government intervention - consumers may be left at the mercy of the big banks as the only remaining mortgage lenders. "The RMBS market is dying on the vine," said Greg Medcraft, chief executive of the Australian ... |
| | | | ... share were expected to fall by between 20 and 25 per cent. Its shares dropped $1.80, or 10.14 per cent, to $15.95. Other big banks were also lower with Commonwealth Bank of Australia down $2.05, or 4.74 per cent, to $41.20, NAB lost 73 cents, or 2.75 ... |
| | | | ... shares dropped $3.53, or 11.5 per cent, to $27.17 in large volume and reached a low of $26.81 during the morning. Other big banks were also lower with Commonwealth Bank of Australia down $2.69, or 5.8 per cent, to $43.70. ANZ lost $1.27, or 6.53 per ... |
| | | | ... suggest that we may have seen a bottom in financials, and that's the particular driver of the market at the moment." The big banks were the order of the day with Commonwealth Bank of Australia revealing it had entered exclusive talks to acquire the local ... |
| | | | ... following modest losses on Wall Street overnight, and as investors digested differing broker earnings outlooks for the big banks. At 1200 AEST the benchmark S&P/ASX200 index was down 54.9 points, or 1.1 per cent, to 4956 while the broader All Ordinaries ... |
| | | | ... financial jitters to close solidly yesterday as retailer Woolworths reported good sales and bargain hunters snapped up the big banks and other beaten-down stocks. The benchmark S&P/ASX200 index added 54.9 points, or 1.14 per cent, at 4870.6, and the ... |
| | | | The Australian stock market was over one per cent lower at noon, led by the big banks, after US stocks slipped on lingering concerns about the health of the financial system. Energy stocks and some of the gold miners were bright spots on the market ... |
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