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| | | Macquarie Bank's decision to sell its $3 billion investment lending arm is not expected to affect its Self Managed Super Fund (SMSF) leveraged property product, Property Lever. Dean Firth, Macquarie relationship banking executive director, said the ... |
| | | | Investment Technology Group (ITG) is giving Australian traders the ability to better manage stock positions in highly volatile markets cost effectively with the launch of its Flexible Participation Algorithm. Traders can set the algorithm to buy and ... |
| | | | The bear run of the residential property market is at an end, marked by the surprise slashing of interest rates by the RBA this week, claims RP Data. According to national RP Data property research director Tim Lawless, the residential market has now ... |
| | | | The current financial market turmoil indicates that one central bank working alone, even if it is the mighty Fed, is unable to contain the panic and restore confidence in the financial system. Locally, the RBA has led the way - but again, this is a ... |
| | | | ... overhaul due for launch in December 2008 and a series of new technology releases in 2009. Some Asian AIG business units are for sale however, for example, their Philippine American Life and General Insurance Co subsidiary, reported Newsweek. |
| | | | Taking lessons from the past, a shock response from the world's major central banks in the form of big interest rates reductions - in the order of say 50-100 basis points each time - might assist reducing the magnitude and length of the coming recession ... |
| | | | TOWER Australia ramps up its market share in the direct-to-market life insurance sector after it acquired InsuranceLine, one of the largest direct distributor of life insurance products in the country. TOWER Australia bought InsuranceLine for $136 million ... |
| | | | ... Investment Management business, was fully integrated into Fortis Investments in May and should not be lumped along the forced sale of the parent group's ABN Amro holding, as announced today. Adding to that, the $6 billion in funds under management handled ... |
| | | | ... limit. US taxpayers are given ownership interest in companies that take advantage of the bailout package. Profits from the sale of Government-owned assets, if any, will be used to retire the US federal debt and a portion set aside for a federal housing ... |
| | | | ... sold to clients. The move came six months after the group wound back its mortgage business. Macquarie blames the potential sale to the higher cost of funding the loans following the credit crisis that started in the US. However, it said that the sale ... |
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