Argus pays out on big banks 'Giant building societies', says BHP boss

€˜Giant building societies€™, says BHP boss

Banks warned of rate 'wrath'

THE nation's banks have been warned they will face the "wrath of the Australian government" if they push up mortgage rates in the face of a decision announced yesterday to stop guaranteeing their overseas borrowings.

Swan sends rate warning to banks

BANKS have been warned they will face the "wrath of the Australian government" if they push up mortgage rates after a decision announced yesterday to stop guaranteeing their overseas borrowings.

Protection plans

THE Australian Prudential Regulation Authority has released a discussion paper on a scheme to protect customers' money when a bank collapses.

Anti-Islam vote reveals growing Swiss hostility

LONDON: Swiss voters have shocked their Government, sealing a ban on the building of minarets and unveiling an unexpectedly hostile public response to Europe€™s growing Muslim population.

No need for people's bank, say lenders

SMALL and large lenders alike yesterday united to head off a call for the creation of a "people's bank" to take on the dominance of the Big Four institutions, which industry groups claimed would add very little to the competition that already existed.

Societies Pass Most Of Rate Cut To Clients

HUNTER lenders Newcastle Permanent and Greater Building Society have given their home borrowers an early Christmas gift after heralding cuts to variable rates yesterday.

Property & Finance

Westpac regional manager, business John Dryden and Westpac Business senior relationship manager David Symes presented the property and finance award to IMB Banking and Financial Services' Rob Ryan. IMB Banking and Financial Services is one of the largest building societies in Australia. IMB's core strength lies in its approach to customer service. During 2008, IMB contributed a further $450,000 to the community through its IMB Community Foundation.

Are building societies suited your needs?

Building societies can provide people with excellent value in taking out home loans.

Your Savings Guaranteed

DECLARING the global financial crisis had entered a new and dangerous phase, Kevin Rudd said his Government would guarantee the estimated $700 billion that Australians have deposited in banks, credit unions and building societies.

Perm: Best In Show Again

HUNTER financial institution Newcastle Permanent has been named Money magazine's building society of the year for the second consecutive year.

Don In Smooth Transition

DON Magin has taken the reins of one of Australia's largest building societies.

Greater Joins Rest On Rates

HUNTER-based Greater Building Society has followed other major Australian banks and building societies in increasing its home loan interest rates.

Building Societies Fill Need, Morris Reveals

IMB chief executive Wayne Morris has accepted a role that will give him more access to industry regulators and politicians as the building society continues to expand nationally from its Wollongong base.

Societies Face Squeeze When Boom Fades: Kpmg

Mortgage brokers originating loans for banks are likely to eat into the home-loan market share of building societies and credit unions when the housing boom finally runs out of steam, according to accounting firm KPMG.

Drug Addict Waited Quietly In Queue To Rob Building Society

A HEROIN addict intent on robbery queued at a bank and two building societies before going through with his quietly mannered plan at a second bank, police said yesterday.

Building Societies And Credit Unions Struggle

Keeping up with banks is costing credit unions and building societies more every year and threatening to put the non-bank lenders out of business, a KPMG report said yesterday.