Tag: GFC

Australian business owners are amongst those least affected by stress in the wake of the GFC, trailing only Finland, Sweden and Denmark.

Mutuals (combined credit unions and building societies) are considered the least secure segment for retail deposits in Australia, despite the Federal Government guaranteeing deposits up to $1 million held by an Australian Deposit-taking Institution (ADI).

Reserve Bank of Australia assistant governor Philip Lowe has warned of a return to pre-GFC levels house cost spirals as the resources sector grows. RBA assistant governor Philip Lowe warned a conference in Sydney that over “the next couple of years” capacity constraints were looming, especially as the resource sector returns to pre-GFC levels of […]

Depending on who you ask, the financial crisis is a) over; b) easing; or c) lingering like a hangover, soon to be written off with a smile as ‘that time we all got drunk on credit’. But if a) or b) turn out to be the right call, it’s not all good news. Because time […]

The Board of the Reserve Bank of Australia decided today to raise the cash rate by 25 basis points to 4.0 per cent, effective tomorrow. The global economy is growing, and world GDP is expected to rise at close to trend pace in 2010 and 2011. The expansion is still hesitant in the major countries, due […]

The culture of banking executives bringing home big salaries and bonuses while taking excessive risks with investors money may be a thing of the past if the APRA’s chairman John Laker gets his way. In a speech today in Melbourne, the chairman the Australian Prudential Regulation Authority has made clear that the current system of […]

New research has found that Australian employees are not planning on changing jobs in the future due to economic uncertainty due to the GFC. The research report, Hunting the (hidden) Hunter looked at the triggers that would cause employees to move from one job to another, with the number of people actively looking for alternate […]

ANZ has issued an official statement covering their first quarter results, reporting an underlying profit after tax of $1.6 billion for the four months to end-January. This was a 16 percent increase in profit covering the bank’s first-quarter results, which was boosted by improved margins on its products. However earnings were lower than hoped due […]

An economic bounce-back and improved job market is driving competitive staff back to school in 2010 after a stagnate 2009, says Edinburgh Business School (EBS). “In 2010, pressure will build for those looking to move from middle management to senior executive positions, to demonstrate not only their professional experience, but also their academic qualifications,” says […]

In a statement from the Shadow Minister for Small Business, Bruce Billson has chastised the Federal Government for not providing assistance to small businesses affected by the freeze on the home insulation program headed by Peter Garrett. Support for the army of insulation installers who have lost their jobs is an important initial step, but […]