Calls for non-banking watchdog
Story date: 2007-10-05 02:20:00
Added on: 2007-10-05 03:23:02
News.com.au - Westpac has also promised to lend RAMS about $1.5 billion of the $6 billion it needs to refinance its existing short-term debt. Unlike Westpac, RAMS doesn't have a large deposit base to fund its loans and got into trouble because it sourced about ...
Read more...
Related Stories:
-
Westpac confident on RAMS deal
News.com.au - Westpac has also agreed to provide the company with $1.5 billion to help refinance $6 billion of commercial paper. Dr...
2007-10-09 11:08:00 -
Westpac to Rescue Rams, Refinance Debt, Buy Branches (Update3)
Bloomberg - Oct. 2 (Bloomberg) -- Westpac Banking Corp. agreed to take over Rams Home Loans Group's branch network and provide A$1.5...
2007-10-02 12:44:00 -
Westpac RAMS home split-up deal
The Australian - ... for its consumer banking network into a $140 million deal to buy the RAMS brand and its...
2007-10-02 07:32:00 -
Westpac to Rescue Rams, Refinance Debt, Buy Branches (Update3) (Bloomberg.com)
Oct. 2 (Bloomberg) -- Westpac Banking Corp. agreed to take over Rams Home Loans Group's branch network and provide A$1.5 billion ($1.3...
2007-10-02 01:02:40 -
Westpac to Buy Some Assets Of Troubled RAMS
Wall Street Journal - ... Westpac Banking Corp. struck a deal to buy the brand name and distribution business of troubled...
2007-10-02 08:32:00 -
Calls for more regulation of non-bank sector
News.com.au - RAMS will retain its existing $14.5 billion mortgage book. Westpac has also promised to lend RAMS about $1.5 billion of...
2007-10-04 10:45:00 -
Australia's Westpac says Rams acquisition EPS accretive within 2 years ...
Forbes - Westpac said Tuesday it will work with Rams to refinance its XCP program at its expiry in the first quarter...
2007-10-01 11:32:00 -
Australia's Westpac to acquire Rams Home Loan's distribution business
Forbes - Westpac said last month it will work with Rams to refinance its XCP program at its expiry in the first...
2007-10-16 05:45:00
