Bank Problems Erupt Again
Corporates: Macquarie, IPL
Macquarie Group Ltd says it has begun legal action against tollroad company BrisConnections, the company it helped create and float, to ensure its contractual obligations are fulfilled.
Read MoreRBA Says Housing To Resist Implosion
The Australian housing market is in better condition than many people think according to the Reserve Bank’s head of economic analysis, Anthony Richards in a speech in Sydney yesterday and the bank’s latest financial stability report, also released yesterday.
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