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BankWest backs cheap loan rate
5 June 2008 |
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| BankWest has reassured customers that, in the "hypothetical" event that it was bought by another bank, the terms applying to its RateTracker home loan would be honoured. RateTracker guarantees customers that its rate will be 100 basis points below the average standard variable home loan rate offered by the four major banks for the first two years of the loan. BankWest spokeswoman Sally-Ann Parker said that "if (a takeover) were to happen in a highly hypothetical case, the terms of the RateTracker would continue to be met". BankWest has increased its share of the mortgage market in April from 3.24 to 3.26 per cent, with two-thirds of its new business going to the RateTracker loan. Although the bank has denied that it is up for sale, rumours persist that its parent, Halifax Bank of Scotland, will sell BankWest to bolster its balance sheet after losing $5.8 billion in mortgage write-downs in Britain. |
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| Source : The Australian |
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| 30 June 2008 | - French by Aussie banks |
| | - Elders profit up, outlook down |
| | - City Pacific holds back dividends |
| | - NAB circles as Westpac bid flounders |
| | - Depositors disadvantaged |
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| 27 June 2008 | - NAB considering bid for BankWest |
| | - CBA predicts another two years of debt problems |
| | - Bendigo gives up lending market share |
| | - Banks fight card fee cuts |
| | - Aust credit card market matures with population |
| | - Aussie banks well placed to deal with bad debts |
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| 26 June 2008 | - Super and banking merge into one |
| | - Future bank mergers judged on merit |
| | - Financial stocks no longer mainstays |
| | - Elders Bank suffering from competition |
| | - ANZ wins a go-slow on Opes Prime case |
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| 25 June 2008 | - Average Credit Card Interest Rates Rise |
| | - Super returns up slightly in May |
| | - Octaviar investors still out in the cold |
| | - Multi-currency bank account launched |
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| 24 June 2008 | - Mortgage brokers under pressure |
| | - Business likes Bendigo Bank |
| | - Westpac/St George deal is bad for consumers |
| | - Westpac needs to up its offer for St George |
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| 23 June 2008 | - Pressure on Westpac to close the St George deal |
| | - Fixed rate mortgages going up |
| | - Aussie banks are small |
| | - Tight debt markets keep rates high |
| | - Bill Express to be investigated |
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| 20 June 2008 | - Credit card debt growth slowing |
| | - Credit card debt growth slowing |
| | - Transurban cuts dividends |
| | - More trouble for Babcock & Brown |
| | - Last minute super deposits down |
| | - Investors go for safety |
| | - Financial advisors need to understand emotions |
| | - Credit card debt growth slowing |
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| 19 June 2008 | - Westpac seek $1bn in capital |
| | - Seiza also ceases lending |
| | - Property taxes in decline |
| | - Mystery loss for GE Money mortgages |
| | - GMAC ceases lending pending review |
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| 18 June 2008 | - Investors to receive 90 cents in dollar |
| | - Families to lose tax, child benefits |
| | - Housing affordability down |
| | - CBA loans for self managed super |
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| 17 June 2008 | - Big banks keeping customers satisfied |
| | - The end of listed buyout funds |
| | - ANZ pushes ahead in Asia |
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| 16 June 2008 | - Elderslie sold |
| | - Car lender losing money |
| | - Lending for investment stalling |
| | - Consumer lender reports profit surge |
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| 13 June 2008 | - Receivers to move into Elderslie |
| | - ASIC acts against super home loans |
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| 12 June 2008 | - Suncorp quits rural New South Wales |
| | - Budget jewellery chain folds |
| | - Margins still appeal to BankWest |
| | - BankWest expanding, not selling |
| | - ANZ taps super deposits |
| | - ACCC polling Westpac and St George |
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| 11 June 2008 | - Super bank account attracts retirees |
| | - Rabobank looks for more agribusiness |
| | - Cash account competes for online dollar |
| | - Bank merger threatens customer service |
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| 10 June 2008 | - Macquarie's grabs deposits |
| | - At-call super may lift returns by two thirds |
| | - No one prepared to own the mobile banking space |
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| 06 June 2008 | - Market still a bumpy ride |
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| 05 June 2008 | - Fickle CFD traders |
| | - Credit unions not easy pickings |
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| 04 June 2008 | - Suncorp turns to the west |
| | - Macquarie leaves Virgin in the lurch |
| | - BankWest denies sale rumours |
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| 03 June 2008 | - No stopping Opes clients' legal action |
| | - ING makes ID easier |
| | - Inflation up, spending down |
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| 02 June 2008 | - Opes victims urged to delay action |
| | - Banks winning market share |
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