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The Bank of Queensland shows the US banks how to run a profitable bank in a down market

Its official. People don’t like big banks, and they love to hate the CBA The big four banks in my view are in a privileged position in the Australian Business World, almost cocooned and protected in law, but act as if they have made their own luck, and pay their top people accordingly. Shameful associations [...]

Finance Minister Nick Minchin has indicated he does not believe an expected hone loans mortgage interest rate rise this week is warranted. The Reserve Bank of Australia (RBA) is widely tipped to raise interest rates this Wednesday by one quarter of one per cent. Mr Minchin today said he did not want to give the RBA [...]

The way some people see it, BankWest head of mortgages John Rolfe holds the key to profitability in the nation’s $600 billion mortgage market. The theory goes like this. BankWest’s aggressive parent HBOS, having already caused chaos in the cosy banking industry by hiking deposit rates, is ready to move to the asset side of [...]

The Reserve Bank of Australia [RBA] is being blamed for a dive in housing construction, raising fears that rents are set to rise sky high due to a lack of residential rental housing accomodation in most Capital Cities and many regional areas. The number of new housing plans approved by local councils dipped 2 per cent in [...]