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Crisis to force out non-bank lendersTHE global credit crunch has entrenched the dominance of Australia's big four banks and left non-bank lenders battling. ... |
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Borrowers flock to big banks as credit crunch bitesThe global credit crunch and liquidity crisis has entrenched the dominance of Australia's big four banks and left non-bank lenders and mortgage brokers battling just to stay afloat. ... |
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Jim Randel: Why Alan Greenspan Missed the BoatFrom The Skinny on the Housing Crisis (Clover Leaf, 2008) Yesterday Alan Greenspan, Former Chairman of the Federal Reserve, testified before Congress. To his credit, he was somewhat forthcoming in acknowledging that he miscalculated the events which have led to ... |
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Rudd makes the right call, but things missingThe Australian Prime Minister announced yesterday that the Government would guarantee all deposits in Australian Banks, Building Societies and Credit Unions. Right move. The previous cap was $20,000 and it only applied to banks. I don’t have hard figures, but I heard the word “cash h... |
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Keep non-bank lenders afloatNOT only banks need their liquidity protected. ... |
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Govt market relief plan 'is Turnbull's idea'Opposition treasury spokeswoman Julie Bishop says she is pleased the Federal Government has taken the advice of Liberal leader Maclolm Turnbull and announced a $4 billion financial package for non-bank lenders. ... |
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