Big Four banks are shark bait - 2004-02-11
It's blood in the water situation in Australian banking: National Australia Bank is hurt and its competitors are putting the bite on its customers.

They are being squeezed between the global giants operating in Australia and the small players who are using mortgage brokers and financial planners to level the field and skirt the distribution power of their branch networks.
Read the full story at Melbourne Age

City Pacific predict record profit - 2004-02-11
Independent finance and investment manager City Pacific Ltd's burgeoning share price rallied again after the company predicted it would exceed expectations this financial year.

"One is when we did the budget for the year, it was probably around May or June last year, we were averaging about $20 million a month coming into our mortgage trust," he said.
Read the full story at Melbourne Age