CBA predicts more bad debts and bad loans
Commonwealth Bank of Australia, the country’s second-largest lender, warned investors to expect a big jump in bad debts and voiced concerns over the economic outlook for at least the next 18 months. (more…)
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Banks say rates could rise
BANKS and other lenders warned yesterday they would not pass on the full benefit of any Reserve Bank official rate cut next week and several lenders say that rates on some services could rise in the next month even if the RBA cut rates by as much as 0.5 per cent. (more…)
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. (more…)
Profits may be pushing onwards, but all the signs show stormy seas ahead - The Age 28-8-08
THE tail of the profit season continues to underline the Australian economy’s dependence on a commodities boom that is losing momentum. (more…)
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