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Investment News [Online Brokers]


19/6/08 | Westpac seek $1bn in capital
Westpac will sell $600 million, and as mush as $1 billion, ASX-listed stapled securities. The tradeable hybrids, a form of preference share, pay a cash distribution and franking credits will be received by investors over five years....... FULL STORY

11/6/08 | Cash account competes for online dollar
Commonwealth Bank is adding a MasterCard backed cash account to it's CommSec online broking service. Customers can use the facility to make purchases online as well as fund share trading. The account is currently offering 7.5 per cent interest at-call....... FULL STORY

6/6/08 | Market still a bumpy ride
The stockmarket remains highly volatile with Australia's largest broking firm CommSec reporting a large jump in trade volumes in the first week of June to be 50 per cent higher than for the same time last year. ...... FULL STORY

21/5/08 | Have we said goodbye to the bears?
While there will be more ups and downs along the way, AMP's chief investment strategist Shane Oliver says that the worst of the sharemarket losses are behind us....... FULL STORY

20/5/08 | NAB text banking
National Australia Bank has launched its SMS banking service which allows customers to receive an account balance or mini-statement and transfer funds between linked NAB accounts....... FULL STORY

28/4/08 | Aussie banks lag on technology
Australian consumers don't have access to many services that have been available in Asia for years due to a lack of investment in new technologies....... FULL STORY

18/4/08 | Legal action closer for ANZ
The administrators of Opes Prime have given their strongest signals yet that they may take action against ANZ over its actions in the last days before Opes Prime collapsed and was put into receivership....... FULL STORY

14/4/08 | Opes to squeeze listed groups
Share prices of many companies have recently felt the squeeze from stock selling after the failure of Opes Prime....... FULL STORY

10/4/08 | Another broker in peril
Sydney based Lift Capital has been named another potential broker who has been attracting the attention of the regulators....... FULL STORY

10/4/08 | Consumer confidence takes a bite
Higher interest rates and rising fuel and food costs are putting a significant amount of pressure on consumer spending, suggesting that the work of the Reserve Bank of Australia and independent unofficial interest rate increases are now taking effect....... FULL STORY



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