This time it is in financial services; the industry that has become the new millennium's version of the 1800s gold rush. As the land grab reaches fever pitch, with competing offers for the old National Mutual funds management business - now known as AXA Asia Pacific - by both AMP and National

It is believed that fierce lobbying by various smaller banks and non-bank lenders is going on behind the scenes to convince Treasury and the federal government to introduce legislation that allows the creation of a multibillion-dollar covered bond market, which are bonds backed by AAA

A drop in stock prices is “more than a warning sign,” Greenspan said yesterday on NBC’s “Meet the Press” program. “It’s important to remember that equity values, stock prices, are not just paper profits. They actually have a profoundly important impact on economic

Feb. 8 (Bloomberg) -- Former Federal Reserve Chairman Alan Greenspan said a U.S. economic recovery is “going to be a slow, trudging thing,” and that he “would get very concerned” if stock prices continue to fall. A drop in stock prices is “more than a warning sign,