Wayne Swan News on Daylife

New warning on mortgages

Sun, 06 Dec 2009 13:34:29 GMT

COMMONWEALTH Bank has warned that increases in mortgage rates over the past week are a prelude to what may follow if rules requiring banks to bolster capital buffers substantially are adopted in full.
Source: The Age

Banks' $7bn rates ripoff

Sat, 05 Dec 2009 14:31:17 GMT

Have your say on the banks: Scroll down to our comments section THE big banks have gouged $7 billion from borrowers in the past two years by raising interest rates more than the Reserve Bank and refusing to pass on official cuts in...
Source: Adelaide Now

Quoted in 'Bank boss spared her own hike'

Fri, 04 Dec 2009 13:55:27 GMT

Wayne Swan said in The Daily Telegraph:

There was no justification for Westpac and, I believe, no justification for the Commonwealth Bank to move rates above the official rate rise from the independent Reserve Bank ... I believe their customers will be angry.

Swan jumps on CBA rate rise

Fri, 04 Dec 2009 05:59:21 GMT

Federal Treasurer Wayne Swan says there is no justification for the Commonwealth Bank to raise its interest rates beyond the increase by the Reserve Bank.
Source: ABC Online

Shadow boxers: Fantasy front bench

Fri, 04 Dec 2009 02:14:44 GMT

New Liberal leader Tony Abbott says the ETS is just an Extra Tax Scheme. AS new Opposition leader Tony Abbott ponders who to pit against the Government front bench, Joe Hildebrand poses a fantasy shadow cabinet of his own.
Source: Herald Sun

Westpac Rate Rise Disappointing, Bank Guarantees Under Review, Swan Says

Wed, 02 Dec 2009 19:37:14 GMT

Dec. 2 (Bloomberg) -- Australian Treasurer Wayne Swan, mulling when to withdraw guarantees on bank funding, stepped up his attack on Westpac Banking Corp. for raising its mortgage costs by more than the central bank increased its benchmark rate.
Source: Bloomberg.com

Westpac exceeds RBA rate rise

Tue, 01 Dec 2009 05:13:24 GMT

The banking giant has blamed soaring wholesale funding costs for its decision, paving the way for other banks to follow through with rate rises above today's move by the central bank.
Source: The Age

Westpac defies Treasurer Swan

Tue, 01 Dec 2009 05:12:41 GMT

He said that if Mr Abbott had of been in charge of the economy, "Australia would have been in recession right now."
Source: Herald Sun

Rate rise 'tough on families'

Tue, 01 Dec 2009 05:08:10 GMT

FEDERAL Treasurer Wayne Swan says the latest official interest rate rise was "unsurprising" but admits it will be tough on the family budget.
Source: The Courier Mail

Quoted in 'Wealthy need super tax breaks: Turnbull'

Fri, 06 Nov 2009 05:36:14 GMT

said in Sydney Morning Herald:

When the government borrows and spends with the Paris Hilton-type recklessness of Kevin Rudd and Wayne Swan then inevitably they are going to raise taxes to pay for it

Photo from Getty Images by AFP/Getty Images

Mon, 22 Jun 2009 06:40:00 GMT

This combo photo shows Australian Prime Minister Kevin Rudd (L) talking at a function at Government House in Sydney on April 17, 2009, Treasurer Wayne Swan (C) attending the Australian Labor Party's first caucus meeting in Canberra on November 29, 2007...

Photo from Reuters Pictures

Fri, 13 Mar 2009 04:00:00 GMT

Australia's Finance Minister Wayne Swan arrives prior to the G20 Finance Ministers meeting at a hotel near Horsham, in southern England March 13, 2009.

Wayne Swan draws a blank

Thu, 21 Feb 2008 22:58:36 GMT