| Sports Betting Online |
Foreign banks flee Australia
2 January 2009 |
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| Foreign banks are lending less money in Australia and the big Australian banks are not expected to be able to keep up with demand from big corporate borrowers. Analysts says there will be reduced lending activity from WestLB, RBS, HBOS, Bank of Ireland and Spanish bank BBVA in the domestic market. Over the last year, most foreign banks have scaled back lending activity. The big Australian banks have grown lending market share to almost two thirds of all debt outstanding according tot he latest figures from industry regulator APRA. ANZ loans have risen from $200.69 billion to $225.14 billion, CBA's have climbed from $244.9 billion to $292.1 billion and Westpac's from $204.4 billion to $233.25 billion. In January, French bank BNP Paribas had $8.87 billion worth of loans in the Australian market. That has now fallen to $8.66 billion. The Bank of Scotland has all but pulled out of writing new business. It had been one of the most aggressive negotiators in setting new debt covenants for several corporates in the past few months. UBS has scaled back its lending with a fall from $5.2 billion in January to $3.97 billion. The Royal Bank of Scotland, with ABN AMRO's local operations, has experienced a $1.56 billion decline in lending. Macquarie's lending has also fallen from $17.6 billion to $13.99 billion. |
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| Source : The Australian |
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| 30 January 2009 | - Tax breaks for super favour the wealthy |
| | - Rates down to 2 per cent by June |
| | - NAB defies RBA on ATM fees |
| | - Forgot your PIN/password? |
| | - Bank accounts out of favour online |
| | - 13 years to repay $1,000 card debt |
| | - Commbank premium restructures |
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| 29 January 2009 | - Consumers to pocket more savings |
| | - Three big rate cuts coming soon |
| | - Wizards refinance with Commbank |
| | - Westpac loans easy, after long wait |
| | - Personal loans still popular with credit unions |
| | - Financial services get more expensive |
| | - Banks halve in value |
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| 28 January 2009 | - Tax options reviewed to boost super contributions |
| | - Victoran credit unions merge |
| | - One per cent rate cut expected |
| | - More govt handouts to come next month |
| | - Graduates to pay debt by community service |
| | - Govt backs interest free repayments |
| | - 10,000 taxpayers face fines over investments |
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| 27 January 2009 | - Big crowd turnout, sales prices below expectations |
| | - Real estate industry 'duping' young buyers |
| | - Depositors shop around for six per cent |
| | - Commbank leads on package deals |
| | - Commbank investor platforms drop dollars |
| | - Big rate cut coming next week |
| | - AMP term deposits lead market |
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| 23 January 2009 | - Woolworths card fuels up |
| | - Shop around for best deals |
| | - NAB to hold back on more rate cuts |
| | - More for rent as houses fail to sell |
| | - AMP joins RediATM network |
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| 22 January 2009 | - Rudd talks bailout for commercial lending |
| | - Foreign bank exits Australia |
| | - Business turns on banks |
| | - Borrowers keep their repayments high |
| | - Banks fear profit season selling |
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| 21 January 2009 | - Local bank stocks take a plunge |
| | - Super fees may fall |
| | - More unable to pay car loans |
| | - Lenders lose insurance option |
| | - Banks rebuild margins |
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| 20 January 2009 | - Ignition off at Virgin Money |
| | - GE Money curtails credit limits |
| | - CBA eliminates some mortgage brokers |
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| 19 January 2009 | - Positive gearing in vogue |
| | - Major dreams at BOQ |
| | - Licence now needed for margin lending |
| | - Cash advances may prove costly |
| | - Australian consumer franchise counts at Citi |
| | - 20 per cent super loss in 2008 |
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| 16 January 2009 | - Cost cutting minus job cuts |
| | - NAB retains foreign ATM fee |
| | - Card spending kept to a minimum |
| | - Suncorp to moderate its home lending |
| | - BOQ seeks help from other banks |
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| 15 January 2009 | - Uncertain times lie ahead for retail sector |
| | - No more car loan from Ford Credit |
| | - Increased grant encourages first home buyers |
| | - Morgan Stanley retains new retail wealth business |
| | - Bank margins to remain high |
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| 14 January 2009 | - Global outlook looks dim |
| | - Storm warnings for Macquarie and BOQ |
| | - NAB trims maximum loan level |
| | - Fewer free ATMs |
| | - Cash options in demand |
| | - AIMS making money from mortgages |
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| 13 January 2009 | - Suncorp steers away from brokers |
| | - Linfox sells more BOQ shares |
| | - Investment firm sticks with cash |
| | - First Home Owners grant in demand |
| | - CBA sinks Storm Financial |
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| 12 January 2009 | - Personal insolvencies dip in December quarter |
| | - Mortgage arrears stable |
| | - Morgan Stanley set to enter retail broking |
| | - Live cover inadequate for most |
| | - Caution over margin loans |
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| 09 January 2009 | - Suncorp downgraded |
| | - Margin calls it new record highs |
| | - Housing slump continues |
| | - Bendigo buys margin loans from Macquarie |
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| 08 January 2009 | - Westpac extends aid to business borrowers |
| | - Banks agree to help unemployed borrowers |
| | - CBA assists north coast flood victims |
| | - 1000% loans are 'cheaper than the bank' |
| | - Small business misses out on rate cuts again |
| | - Credit Unions to sell bank mortgages |
| | - No compo for wrong credit reports |
| | - Think before leaping on fixed rate loans |
| | - Mortgage stress overstated |
| | - First home buyers grants not boosting sales |
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| 07 January 2009 | - St George toughens up loan criteria |
| | - Small business needs rate cuts |
| | - First home buyers turn to brokers |
| | - Credit unions pass up deposit guarantee |
| | - Business owners like St George and ANZ |
| | - Beware of tax office emails |
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| 06 January 2009 | - Time to tackle Xmas card debt |
| | - No rate cuts today |
| | - Cards winning over online shoppers |
| | - Bank guarantee under fire |
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| 05 January 2009 | - Westpac takes six weeks to approve loans |
| | - Rates to be slashed |
| | - More CBA branches to open on weekends |
| | - More banks to merge in 2009 |
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| 02 January 2009 | - Term deposit boom looks over |
| | - Aussies lose $750 billion on shares |
| | - Another fund freezes withdrawals |
| | - No investor demand for Suncorp IM |
| | - New NAB CEO raises questions |
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