Are Australian consumers heading for a fall because they have become overly optimistic? Or are they now more resilient than they were in the first few months of the year?
Mortgage rates
Bank margins: the empire struck back
Two leading members of the business commentariat this morning defended the decision by the Commonwealth Bank to increase variable mortgage rates by 10 basis points earlier this week.
The ANZ’s call: Howard-Costello finished
What to make of the ANZ bank publicly telling the federal treasurer to get nicked? It looks suspiciously like a call by the big end of Collins Street that Peter Costello will be irrelevant after November 24 – and probably is already, writes Michael Pascoe.
Tips and rumours
Here’s some juicy Sydney finance news. After ANZ’s take-over of E*TRADE Australia- the only institution independent broker of any real size, a large exodus of all the good staff is well under way. This week, ANZ let the contract of the incumbent MIS lapse and has announced the appointment of an ANZ man. After six weeks […]
Big bank disclosure needed to keep confidence intact
Faced with a threat to market confidence and a credit freeze, you’d think the banks would be rushing to be as upfront as possible. But no…
