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| | | The worsening credit crunch may be about to generate a first merger of prominent commercial banks, with Lloyds TSB close to finalising terms for a takeover of HBOS. Britain's government and Financial Services Authority are encouraging the merger, according ... |
| | | | Watson Wyatt research revealed less than one fifth of defined contribution (DC) pension schemes carried out a risk assessment in the last 12 months despite continued bad markets. Gary Smith, Watson Wyatt senior DC consultant, said this number of risk ... |
| | | | The Australian stock market has received a positive lead from Wall Street, despite the turmoil in the financial sector. Major US indices finished over one per cent higher, although gold, silver, oil and copper were down. At 0737 AEST, the Sydney Futures ... |
| | | | The structured finance sector of the domestic debt capital market saw most activity last week, in terms of issuance and rating actions. The sector, and primarily RMBS, has made something of a comeback this month after a relatively quiet August. Issuance ... |
| | | | Leading financial planning dealer groups want the Financial Planning Association (FPA) to take a harder stance on key industry issues and collaborate more with its members. Robbie Bennetts, Professional Investment Services chief executive, said the ... |
| | | | Financial planners will play an active stance in commenting on ASIC's newest proposal to increase the compensation cap to $280,000 in an external dispute resolution scheme. The Australian Securities and Investments Commission (ASIC) yesterday released ... |
| | | | "Fannie Mae and Freddie Mac are so large and so interwoven in our financial system that a failure of either of them would cause great turmoil in our financial markets here at home and around the globe. This turmoil would directly and negatively impact ... |
| | | | This Week's Market Movers (8 - 12 Sep 2008) The financial market volatility of the previous months spilled over into September. Weakening economic growth, falling commodity prices and political uncertainty in the US -- government is on hold until the ... |
| | | | The Australian stock market may rise slightly today after US equities were mixed but little changed overnight and commodities, too, were mixed, with oil and gold falling and copper gaining. At 0707 AEST on the Sydney Futures Exchange, the September ... |
| | | | The Reserve Bank of Australia (RBA) delivered on market expectations and cut the official cash rate by 25 basis points to 7.0 percent. The ink on the RBA's decision has barely dried but markets were at it again, expecting another quarter of a percent ... |
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