THE Reserve Bank has suggested the major banks may be profiteering from their recent round of interest rate increases, arguing moves on lending rates over the past two years have been outpacing funding costs. Continue reading
Tag Archives: credit crisis
Aussie car sales crash to worst performance in 30 years
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A CRASH in business confidence has plunged the Australian car industry to its worst sales performance in 30 years, with fleet sales falling sharply and the industry predicting another sharp decline this year. Continue reading
Jobs at risk – finance and retail sectors
THE financial and retail sectors have a nail-biting Christmas period ahead, with further job cuts expected in late January. Continue reading
Housing construction to fall further
Housing construction will continue to fall this financial year with the impact of interest rate cuts not likely to affect the market until 2009/10. Continue reading
Non Bank lenders fail to pass on successive interest rate cuts!
DOZENS of non-bank lenders have failed to pass on successive interest rate cuts to borrowers.
The politicians are ignoring their greedy tactics! Continue reading
Businesses brace for economic chill
Some Australian businesses are already in the doldrums, others are expecting to get hit soon by the world economic crisis Continue reading
Loans a developing problem for the construction industry.
AS the boss of a major property developer, Peter Icklow knows first-hand the pain businesses are suffering as they attempt to borrow money during the financial meltdown.
“The whole process of getting finance is now taking twice or three times as long as it was before the credit crisis,”. Continue reading
Running out of tools to fix crisis
Is this the darkest hour of the credit crisis? The situation will either be better in seven days or a hell of a lot worse. Continue reading
Banking crisis strikes London – The Australian 18-9-08
Article Excerpts
THE global banking crisis struck London last night, with government authorities forced to vouch for the viability of Britain’s biggest home loan provider amid fears it was facing collapse. Continue reading
FEAR FACTOR – 18-9-08
We have selected some of the language in this article to show just how serious the global meltdown is becoming. The complete article to which we refer†is below;
- crisis of confidence in global markets Continue reading
CRS Warner Kugel trading as The Insolvency Experts © 2011. All rights reserved