Better Home Loans
Better Home Loans provides free up-to-date access to the best value No Deposit Loans, Lo Doc Loans, First home Buyer and Investment Property information, resources, products and services from a comprehensive selection of Australia's leading and best known bank and non-bank lenders.
Whether you are looking for a loan for a new home, a first home buyer loan, investment property loan or refinancing an existing home loan, Better Home Loans is here to help ...
MAKING NEWS
Fri, 14 November 2008 THOUSANDS of jobs are set to go after St George shareholders approved the $17 billion Westpac takeover. The vote was 95 per cent in support of the merger despite resistance from some shareholders and St George staff.
The merger will create Australia's largest bank, but 2000 jobs will be slashed despite promises to keep the St George brand and branch network for at least three years.
The job cuts will occur mostly in the technology divisions and back-office operations, where there will be duplication as a result of the merger, reports The Australian.
The Finance Sector Union warned the job losses could be higher, with up to 5000 positions under threat.
Suncorp revealed yesterday it would cut 350 staff, on top of the 200 it has already lost by merging its retail and banking businesses.
Shares in both banks were punished -- Westpac off 11 per cent and St George 9.5 per cent -- as weakness emerged in the broader financial sector.
St George chairman John Curtis, who will become the deputy chair of Westpac , said the financial landscape had changed.
"This is one of the most uncertain economic times we have seen in the past 30 years, so putting together two good banks and making one big bank is extremely important,'' he said.
"In the past six months the financial plates of the world have moved,'' Mr Curtis said.
Mr Curtis said there could be further consolidation in the banking sector, particularly at the junior end of the market, which was struggling with high wholesale costs.
Click here for more news from Better Home Loans.
Here are some Better Home Loans articles that may be of interest ...
Home Loans: Choosing a mortgage broker
There are a number of potential pitfalls in relying on a mortgage broker for the best home loan solution ... particularly given the enormous growth in the broking industry and the recent entrance of new players ... mor6 |
Simple Tips On Getting Your Loan
So, you want to get a loan? Here are some simple tips that will help you make an informed decision about what kind to buy, and who to buy from ... more |
BOOKMARK THIS WEBSITE
To add Better Home Loans to your favourites, simply
click here.
Better Home Loans Link Exchange
To view our links page or to exchange links with this website, please visit our Better Home Loans links page.
|
home |
news |
links |
|