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| | | ... redemptions. The federal government's bank deposit guarantee scheme will go a long way in restoring investor confidence in banks but it also has far-reaching, and in this case, negative implications to other parts of the wealth management industry. Mortgage ... |
| | | | The Australian share market was weaker at noon, turning around from positive territory, as the major banks and miners fell. At 1200 AEDT, the benchmark S&P/ASX200 was down 56.3 points, or 1.42 per cent, at 3,918.1, while the broader All Ordinaries was ... |
| | | | 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 ... |
| | | | ... St George in Kogarah. Westpac appears to still be three or four weeks away from letting the management teams of the two banks know which job they will hold, if any, in the merged organisation. Shareholders of St George will vote on the scheme of arrangement ... |
| | | | ... Financials analyst, making stock calls on financial companies in the Asia region. He was previously the head of the Australian banks team at ABN Amro, an equity strategist at CSFB Australia and portfolio manager at Martin Currie Investment Management ... |
| | | | ... indications that the credit squeeze is beginning to loosen. Even more encouraging is that national governments and central banks continue to devise new measures in order to get credit flowing again and bring back the normal functioning of the financial ... |
| | | | ... jobs. This will remain the state of play in the financial markets for a while. Unless one or two governments or central banks somewhere commits a major policy blunder, the Financial Standard Intelligence Unit (FSIU) believes that the sell-off in the ... |
| | | | ... to overseas markets, where governments have had to step in and bail out their financial institutions. Clearly Australian banks are not in need of further government protection," he said. "The situation has reached a stage where this extension of the ... |
| | | | ... of the broader economy. The current financial turmoil has its origins with homebuyers trying to maximise their interests, banks trying to maximise their interests, real estate agents trying to maximise their interests, investment companies trying to ... |
| | | | ... points, 4.77 per cent, to 985.40. LONDON - European stock markets surged on Monday on further government action to support banks and news of better-than-expected US economic data, with London gaining 5.41 per cent. The London FTSE 100 index of leading ... |
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