bad credit rating loans
Banks feel pressure to cut jobs
AUSTRALIA'S major banks are under pressure to cut jobs in response to flagging demand for credit despite being on track to deliver a record combined annual profit of more than $23 billion. Banks feel pressure to cut jobs
BoQ profit falls on bad debts
BANK of Queensland has reported a 14 per cent drop in full-year net profit to $158.7 million, in a year marred by slowing credit growth and an increase in bad debts. BoQ profit falls on bad debts
Too much public debt is never good
THE global financial crisis that began with the collapse of Lehman Brothers in 2008 has not ended. The policy tools used to cushion the financial shock transferred debt from an overburdened private sector to the public sector. Too much public debt is never good
Belgium to control Dexia Bank arm
BELGIUM will take control of the local arm of Franco-Belgian bank Dexia in a 4 billion euro ($5.5 billion) deal, the Prime Minister said yesterday. Belgium to control Dexia Bank arm
Markets focus on bank bailout
OVERNIGHT talks between France and Germany over a 200 billion ($274bn) eurozone bank bailout are set to be the main focus of Australian markets this morning as investors remain hooked on the European debt crisis. Markets focus on $274bn bank bailout
