| Sports Betting Online |
ANZ and Macquarie have the most bad debts
27 November 2008 |
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| ANZ reported impaired loans of $2.7 billion at the end of the quarter, and equal to 0.5 per cent of credit exposures. NAB reported impaired loans of $2.1 billion, equal to 0.3 per cent of credit exposures. Of ANZ's impaired loans 80 per cent are corporate loans and partly reflect the troubled CDO obligations first highlighted by the bank early in the year and its own share of the subsequent, economy-wide credit stress, with one or two unique additions, such as the collapse of securities lender Opes Prime. Of ANZ's impaired loans the largest segment, $887 million, is in property services followed by $601 million to finance, investment and insurance. ANZ's aggregate credit exposure is $570 billion. This is greater than Commonwealth Bank (at $533 billion) and Westpac (at $435 billion). So, ANZ can rank itself as the second largest of the Australian banks. Macquarie Bank yesterday disclosed that it had impaired loans of $528 million at September 2008, and equal to 0.9 per cent of credit exposures of $58 billion. Of Macquarie's impaired loans, $420 million are corporate. With corporate credit exposures of $28.8 billion this means that 1.5 per cent of the bank's corporate loans are impaired. The balance of Macquarie's impaired loans of $108 million the bank classified as retail, and equal to 3.3 per cent of the bank's retail credit exposures of $3.3 billion. |
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| Source : The Sheet |
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| 28 November 2008 | - Women don't talk money |
| | - Only Rabo not offering guarantee |
| | - Card rates not coming down |
| | - Banks to issue debt bonds |
| | - ANZ, St George most popular banks |
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| 27 November 2008 | - Mortgage company closes doors |
| | - Big depositors get to opt out of guarantee |
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| 26 November 2008 | - Soft landing for house prices |
| | - Netbank customers can get cash |
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| 25 November 2008 | - Suncorp pummelled by storms and markets |
| | - NAB is least popular bank |
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| 24 November 2008 | - Mortgages dry up for Liberty |
| | - Deposit guarantee favours big banks |
| | - Adelaide launches guarantee account |
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| 21 November 2008 | - Westpac running ‘stand-alone’ St George |
| | - Sharia loans hard to find |
| | - Credit Unions offering best interest rates |
| | - Banks complain about credit union rates |
| | - Aboriginal home ownership scheme launched |
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| 20 November 2008 | - Traders betting on 1% rate cut |
| | - Visa card for solar hot water |
| | - Traders betting on 1% rate cut |
| | - Lenders bid for loan business |
| | - Credit unions object to guarantee fees |
| | - Credit card rates going up |
| | - Banks to launch Guarantee accounts |
| | - Credit unions object to guarantee fees |
| | - Banks to launch Guarantee accounts |
| | - Visa card for solar hot water |
| | - Lenders bid for loan business |
| | - Traders betting on 1% rate cut |
| | - Credit card rates going up |
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| 19 November 2008 | - Banks to shed 10,000 staff |
| | - ING launches PowerSuper loans |
| | - Commonwealth ends no deposit home loans |
| | - RBA puts rates policy into full reverse |
| | - Credit card rates remain too high |
| | - Bank chiefs get pay rises as staff cuts loom |
| | - Foreign banks retreat from Aussie businesses |
| | - Lower spending means more rate cuts |
| | - House prices crash in October |
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| 18 November 2008 | - Foreign banks retreat from Aussie businesses |
| | - Credit card rates remain too high |
| | - House prices crash in October |
| | - Bank chiefs get pay rises as staff cuts loom |
| | - More big rate cuts on the way |
| | - ANZ toughens mortgage lending rules |
| | - Westpac and Nab advising wealthy customers to deposits under different accounts |
| | - Tax office looks carefully at kid’s accounts |
| | - Lay-by making comeback |
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| 17 November 2008 | - ANZ Cuts Credit Card Interest Rates |
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| 11 November 2008 | - Credit Unions take on the banks |
| | - Weak city auction results continue |
| | - Easy savings on home loans |
| | - More flights for credit card holders |
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| 10 November 2008 | - First signs of recovery in property market |
| | - Members Equity Bank passes on full rate cut |
| | - Banks get debtors’ super |
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| 06 November 2008 | - Commbank keeps $50 per month from home buyers |
| | - Rates headed down to 3 per cent next year |
| | - RBA worried about recession |
| | - Card rates slow to come down |
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| 04 November 2008 | - RBA Cuts Cah Rate By 75bps |
| | - RBA may cut by 0.75 per cent |
| | - Non-banks struggle to survive |
| | - UBank trims term deposit rates |
| | - Buyers market at top end of town |
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