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| | | ... all, it's been a satisfactorily boring day. "We are tied to American apron strings, much as we don't like to admit it." The banks were mixed. Commonwealth Bank was down 50 cents at $34.30, ANZ had slipped four cents to $15.16, Westpac had dropped two ... |
| | | | ... stronger legs. The liquidity and credit problem has eased significantly. The US dollar 3-month LIBOR/OIS spread - a measure of banks' willingness to lend to each other - has narrowed to around 50 bps. Recall that the spread widened at the onset of the ... |
| | | | ... since the Great Depression. Before the GFC, they were too slow - perhaps even unwilling - to downgrade structured assets, banks and financial institutions. Some mere mortals -- fund managers, financial advisers and other finance professionals - would ... |
| | | | ... boosting its Partners services area, targeting mid to large size financial institutions that want broking services from non-banks. "There's been a huge consolidation of the stockbroking industry and what's happening is that competitors are starting to ... |
| | | | ... significantly different today then if it had been lifted 2 months ago," said Nicol. "Credit markets have moved on significantly, so banks have access to funding now as do other financials. Liquidity risk is much lower than what they were, so I think ... |
| | | | ... morning really: money is flowing away from the riskier stocks, and into safer things like gold." Three of the four major banks were down in morning trade. Westpac had shed 12 cents to $19.32, Commonwealth Bank was down 23 cents at $35.37 and ANZ had ... |
| | | | ... written about this late last year, discussing how national governments (read taxpayers) are paying for the sins of their banks and financial institutions - debt was transferred from private to public hands. That is why there is now a strong taxpayer ... |
| | | | ... best performers. "The medium term outlook for gold seems to be pretty strong... and Rio is bubbling away nicely," he said. "Banks are down, but they have had a decent run of things recently." The four major banks all were weaker in morning trade. National ... |
| | | | ... Banking Committee, Geithner stressed that the government remains determined to win the battle to sweep away toxic debts from banks' balance sheets. He expects that the US$75-US$100 billion Public-Private Investment Program (PPIP) war chest would commence ... |
| | | | ... the market move too rapidly, so I think investors will wait to follow the lead from Wall Street tonight." The four major banks all were weaker at 1202 AEST. National Australia Bank was down 17 cents at $21.84, Westpac had shed 36 cents to $19.70, Commonwealth ... |
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