Should I invest in Ethereum?

If you’re thinking about investing in Ethereum, you’ll want to be sure you’re doing the right thing; after all, there are so many different cryptos [...]

POSTED ON February 13, 2020
eBay army demand answers

eBay discussion boards are full of sellers not wanting to have to offer PayPal if they don't choose to. That change was introduced by eBay [...]

POSTED ON July 8, 2008
Card fees go up

Fees on credit cards have gone up over the last five years even faster than the increase in overall banking charges. Cards with rewards programs [...]

POSTED ON July 8, 2008
RateTracker wins market share for BankWest

The Rate Tracker home loan offered by BankWest has been the main driver behind the increase in the bank's residential mortgage book, according to Paul [...]

POSTED ON July 7, 2008
Swan says no to Aussie Mac

Treasurer Wayne Swan ruled out the possibility of creating a government-backed mortgage lender to ease pressure on housing affordability. In an interview with Business Spectator, [...]

POSTED ON July 4, 2008
Small business borrowing down

Declining confidence levels among small business is restraining demand for new lending by smaller and medium sized businesses across all industries, according to an analysis [...]

POSTED ON July 4, 2008
eBay backs down over PayPal

eBay Australia has backed down on its plan to force all buyers and seller to use PayPal. In an announcement posted on yesterday morning [...]

POSTED ON July 4, 2008
City Pacific holds back dividends

City Pacific has had to defer the already deferred payment plan for the unaffordable interim dividend of 15 cents a share (or $33 million in [...]

POSTED ON June 30, 2008
Bill Express deals with Saudis and police

The Australian Federal Police were conducting inquiries at Bill Express' Melbourne premises yesterday. The inquiries relate to the transfer of funds into bank accounts not [...]

POSTED ON June 27, 2008
Bendigo gives up lending market share

Unlike most of their retail bank peers Bendigo and Adelaide Bank appear to be conceding some market share to rival banks, even as almost all [...]

POSTED ON June 27, 2008
Super and banking merge into one

More banks are working on plans to launch loan products for superannuation funds, despite continuing uncertainty about the government attitude to a loosening of the [...]

POSTED ON June 26, 2008
Business likes Bendigo Bank

Suncorp and Commonwealth Bank lead the way in posting some very big increases in business banking customer satisfaction, according to the latest TNS business finance [...]

POSTED ON June 24, 2008
Banking code needs big changes

Recommendations for changes to the Code of Banking Practice, included in an issues paper released last month, do not go far enough to promote industry [...]

POSTED ON June 24, 2008
Let banks sell mortgage debt say professors

Poor risk management and flawed mortgage origination practices are to blame for problems in debt markets, not the bundling up of mortgages into securities to [...]

POSTED ON June 24, 2008
Comparison rate under fire

Lenders will no longer be required to provide comparison rate schedules to borrowers, in a proposed change to consumer credit rules that follows the publication [...]

POSTED ON June 18, 2008
Borrowers in trouble in NSW

Lenders with customers in arrears on home loans of 90 days or more are overwhelmingly concentrated in New South Wales, a new analysis of the [...]

POSTED ON June 18, 2008
ACCC polling Westpac and St George

The Australian Competition and Consumer Commission is asking customers what they think of the proposed merger between Westpac and St George Bank. The ACCC has [...]

POSTED ON June 12, 2008
Bank merger threatens customer service

A combined Westpac and St George business banking operation would struggle to maintain the level of customer service currently offered by St George, a research [...]

POSTED ON June 11, 2008
Slow down for Seiza

Seiza Capital is the latest specialist lender to scale back its operations as it comes up against funding limits. Seiza chief executive Simon Robinson said [...]

POSTED ON June 10, 2008
Challenger cuts lending by three quarters

Challenger Financial Services Group has clarified the extent of the slow down in its mortgage business in recent months. The group's chief executive, Mike Tilley, [...]

POSTED ON June 10, 2008
NSW Liberals want shared equity scheme

The Liberal opposition party in NSW wants a scheme that will allow low income earners to borrow up to 40 per cent of the value [...]

POSTED ON June 6, 2008
Market still a bumpy ride

The stockmarket remains highly volatile with Australia's largest broking firm CommSec reporting a large jump in trade volumes in the first week of June to [...]

POSTED ON June 6, 2008
Fickle CFD traders

A report has found that the number of contract for difference (CFD) traders doubled over the year to April 2007 as providers seek to adjust [...]

POSTED ON June 5, 2008
Economy continues growth path

The Australian economy grew faster than expected in the March quarter, increasing the probability that the Reserve Bank will increase rates further in its fight [...]

POSTED ON June 5, 2008
BankWest backs cheap loan rate

BankWest has reassured customers that, in the "hypothetical" event that it was bought by another bank, the terms applying to its RateTracker home loan would [...]

POSTED ON June 5, 2008
Macquarie leaves Virgin in the lurch

Virgin Money has been forced to shelve plans to offer a personal loan product after Macquarie Bank pulled out of plans to fund the loans. [...]

POSTED ON June 4, 2008
No stopping Opes clients’ legal action

Lawyers pursuing class actions on behalf of clients of failed stockbroker Opes Prime have said that they will press ahead with their claims, ignoring pleas [...]

POSTED ON June 3, 2008
Inflation up, spending down

Indicators show that inflation is rising at its fastest rate in five years but economists say there is almost no chance of the Reserve Bank [...]

POSTED ON June 3, 2008
ING makes ID easier

ING Direct has become the first Australian bank to allow customers to open and operate a deposit account entirely online. The bank has done away [...]

POSTED ON June 3, 2008
Deposit safety to be guaranteed

The Rudd government plans to implement a scheme to guarantee the first $20,000 of a deposit in the event of a bank collapse. Depositors who [...]

POSTED ON June 3, 2008
Opes victims urged to delay action

Clients of failed broker Opes Prime have been asked to refrain from pursuing legal action. The administrator, Ferrier Hodgson, issued a circular to the broker's [...]

POSTED ON June 2, 2008
Credit cards favoured but more expensive

A survey conducted by Citibank has found that one-third Australians use their credit cards for large purchases even though 55 per cent think that personal [...]

POSTED ON May 30, 2008
Wizard finds willing suitors

Wizard franchisees have been told that potential buyers for the business have approached GE Money, but that founder and chairman Mark Bouris is not one [...]

POSTED ON May 29, 2008
Former governor warns RBA on inflation strategy

Former Reserve Bank governor, Bernie Fraser, has cautioned against responding to structural price increases by increasing interest rates. Mr Fraser was responsible for the introduction [...]

POSTED ON May 29, 2008
Non-bank turns funding tap on

Hope is building that the credit markets are starting to flow again after GMAC Financial Services sold $302 million of residential backed mortgage securities. The [...]

POSTED ON May 28, 2008
RBA pushes broking overhaul

Fines for brokers who fail to settle trades on time will be more than doubled with the maximum going from $2,000 to $5,000 in an [...]

POSTED ON May 27, 2008
GE defends Wizard value

GE Money has confirmed speculation that it is looking to sell its Wizard Home Loan subsidiary but denied that it would have to be done [...]

POSTED ON May 27, 2008
First home grant cheats pay back $1.5m

Victoria's State Revenue Office has found 186 homebuyers fraudulently claiming the first home owners' grant with the cheats forced to pay back $1.5 million. In [...]

POSTED ON March 14, 2003
Doubts over rebate impact on private cover

Dropping the 30 per cent government rebate would make little difference to people staying in private health funds, a survey by Global Reviews has found. [...]

POSTED ON March 13, 2003
Tax boost for protected equity loans

A ruling by the Australian Taxation office will boost interest in protected equity loans. These loans allow investors to invest in the sharemarket without margin [...]

POSTED ON March 13, 2003
HSBC pulls plug on TD Waterhouse deal

HSBC Bank has pulled out of negotiations to purchase the Australian operations of TD Waterhouse. The $20-$30 million deal was scheduled to be finalised in [...]

POSTED ON March 13, 2003
RESI cuts fixed rates

RESI Mortgage Corporation has cut the rates for its fixed-rate mortgage loans, effective from March 11. The new rates are: 1-year fixed 5.76 per cent [...]

POSTED ON March 12, 2003
Big stocks may fall out of index

Disappointing results may force some high-profile stocks out of several market indices when Standard & Poor's quarterly review is released on March 14. Declining market [...]

POSTED ON March 12, 2003
Planners ignore failings: survey

Just a short time after a damning report was released on Australia's financial planning industry, a new survey has found that 29 per cent of [...]

POSTED ON March 11, 2003
Westpac cuts staff to improve service

Westpac is cutting up to 80 middle management positions as it implements its "Ask Once" customer service improvement program. But the bank says the cuts [...]

POSTED ON March 11, 2003
More bad returns await

Ausbil Dexia has predicted that returns from superannuation funds this financial year will fall to their lowest level in 30 years. The average fund return [...]

POSTED ON March 10, 2003
Departing directors urged to speak out

Anton Tagliaferro, investment and managing director of Investors Mutual, has called on organisations such as the Australian Stock Exchange and the Australian Securities & Investments [...]

POSTED ON March 10, 2003
Royal & Sun offers $5000 in shares

Royal & Sun Alliance is offering its three million customers a guaranteed share allocation of up to $5,000 to boost demand for the $2 billion [...]

POSTED ON March 10, 2003
Slip up reveals big premium rises

The New South Wales-based Government Employees Health Fund has inadvertently mailed out letters announcing premium increases of between 17 and 25 per cent - before [...]

POSTED ON March 6, 2003
APRA now targets hedge funds

The Australian Prudential Regulation Authority has signalled it will now focus on hedge funds saying some superannuation trustees' use of them has left investors vulnerable. [...]

POSTED ON March 6, 2003
Agent probed over dummy bid

A Melbourne real estate agent, James Tostevin of Collins Simms, is facing investigation by Consumer Affairs Victoria after allegations he used his father to make [...]

POSTED ON March 6, 2003
Executive-package rules may be tightened

The Treasurer says the Government may boost the powers of the Australian Securities & Investments Commission to enable it to fine listed companies which don't [...]

POSTED ON March 6, 2003
Property scams still rife in Qld

Shady property marketing is again flourishing in Queensland and is now spilling over into the non-residential sectors of industrial and commercial real estate. Gold Coast [...]

POSTED ON March 5, 2003
Mohl admits AMP survival battle

AMP's CEO Andrew Mohl has admitted that the financial services giant is fighting for its future - an admission that may make an impact on [...]

POSTED ON March 3, 2003
Home lenders on shaky ground

The Australian Consumers' Association has criticised mortgage brokers at a seminar on the lending industry, claiming some brokers act "unscrupulously". The training and qualifications for [...]

POSTED ON March 3, 2003
Dividend doesn’t save Telstra’s skin

Telstra has posted its worst-ever result with its half-year net profit to December 31 falling 44 per cent to $1.184 billion. During the same period [...]

POSTED ON February 28, 2003
ASIC tells RetireInvest to smarten up act

Financial planner RetireInvest has told the Australian Securities & Investments Commission it will tighten up its compliance procedures and improve supervision of advisers following a [...]

POSTED ON February 28, 2003
PM urges rethink on executive payouts

The Prime Minister has weighed into the debate on executive remuneration and excessive pay-outs saying big business must stop rewarding poorly performing managers and start [...]

POSTED ON February 28, 2003
Coonan calls for review of super fees

The Assistant Treasurer and Minister for Revenue, Helen Coonan, has called for superannuation funds to review their fees and charges which she described as "hugely [...]

POSTED ON February 28, 2003
No case for rate cut yet

Another Reserve Bank monthly board meeting next week to consider interest rates, and another meeting where official interest rates will likely stay on hold at [...]

POSTED ON February 28, 2003
APRA warns home lenders

The Australian Prudential and Regulation Authority has warned mortgage lenders not to take risks in the current low-inflation post-housing boom market. APRA is concerned that [...]

POSTED ON February 26, 2003
Sydney house prices leap

Sydney house prices rose 29 per cent in 2002, lifting the median house price to $450,000 by the end of the year. Across the state, [...]

POSTED ON February 26, 2003
More blue blood spills at AMP

Five AMP directors including chairman Stan Wallis will leave the board as the financial services giant prepares to reveal a $900 million loss for 2002. [...]

POSTED ON February 26, 2003
Shareholders lose out amid uncertainty

Shareholder returns declined more than 50 per cent in the 2001-2002 financial year and prospects are not much better for 2003. That's the finding of [...]

POSTED ON February 26, 2003
Fury over access to credit reports

Consumer legal centres are dismayed over a decision by the federal privacy commissioner to allow groups such as mobile phone companies, doctors and builders access [...]

POSTED ON February 25, 2003
Insurers want home cover tax deductible

The Insurance Council of Australia wants the Federal Government to make house and contents insurance tax-deductible to encourage more people to take out cover. The [...]

POSTED ON February 25, 2003
ASIC, ASX probe analyst standards

The Australian Securities & Investments Commission and the Australian Stock Exchange are pushing ahead with plans for an industry standard on independent analyst research. ASIC [...]

POSTED ON February 25, 2003
CUA launches financial planning offshoot

Credit Union Australia has launched Mentor Australia Financial Planning, a new subsidiary to assist its 200,000 members with wealth creation and planning. CUA's financial planning [...]

POSTED ON February 24, 2003
Managed funds start 2003 badly

Heavy falls in key stocks have hit the returns to Australian share funds in January, InTech Financial Services’ latest survey of managed funds shows. Overall, [...]

POSTED ON February 24, 2003
Credit card scam revealed

New South Wales police have arrested 12 suspects in a crackdown on two multi-million-dollar credit card fraud syndicates based in Sydney. The suspects married stolen [...]

POSTED ON February 24, 2003
Deposit bonds lose gloss

With vacancy rates for inner-city apartments likely to soar over the next 18 months and rental returns falling, buying units off the plan - particularly [...]

POSTED ON February 24, 2003
ASA questions AMP’s Batchelor pay-out

The Australian Shareholders' Association is applying pressure to AMP to reveal the termination pay-out to former CEO Paul Batchelor. The ASA is concerned that chairman [...]

POSTED ON February 21, 2003
CBA drops fixed loan rates

The Commonwealth Bank has cut its five-year fixed-rate home loan rate by 0.2 per cent to 6.39 per cent, its lowest level in 10 years. [...]

POSTED ON February 20, 2003
Bendigo Bank lifts profit 30%

Bendigo Bank has reported a 30.3 per cent lift in net profit to $25.383 million for the six months to December 31, 2002. CEO Rob [...]

POSTED ON February 19, 2003
Mixed response to fund lifestyle cuts

Private health funds' decision to cut rebates for some ancillary "lifestyle" products and services such as fitness club memberships, gym shoes and relaxation CDs has [...]

POSTED ON February 19, 2003
Health insurance exodus by young

A total of 194,000 Australians under 40 cancelled their private health insurance cover between September 2000 and December 2002 with 12,000 opting out in December [...]

POSTED ON February 19, 2003
Property beats shares says survey

A survey by Atchison Consultants of 12 asset classes dispels the notion that shares outperform property in the long term. Atchison rated the asset classes [...]

POSTED ON February 19, 2003
Strike out the banned: ASIC

The Australian Securities & Investments Commission has banned around 65 people from giving financial advice or selling products since 2001 with nearly half of them [...]

POSTED ON February 18, 2003
Borrowers keen to refinance

More than 14,000 home buyers switched their mortgages to other financial institutions in December 2002 to get lower interest rates, the Australian Bureau of Statistics [...]

POSTED ON February 18, 2003
Coles’ lure for loyalty

Coles Myer is planning a "big bang" approach to revamping its loyalty schemes. By mid-2003 the retailer will beef up the Fly Buys program, offer [...]

POSTED ON February 18, 2003
Reforms likely after Cuffe’s $33m

Commonwealth Bank CEO David Murray is backing proposals to tighten disclosure rules on executive remuneration following the $33 million pay-out to former executive Chris Cuffe. [...]

POSTED ON February 18, 2003
NSW crackdown on credit card fraud

New South Wales will introduce legislation aimed at dealing with the stealing and trafficking in credit card data. Each will carry a 10-year maximum prison [...]

POSTED ON February 18, 2003
Westpac lifts card and account fees

Westpac has followed ANZ and CBA in raising fees substantially on its credit cards amid other fee rises. The annual fee on the Altitude rewards [...]

POSTED ON February 17, 2003
NSW land tax challenged

A property owner in the Sydney suburb of Woolwich questioned the method by which his house was valued for land tax purposes and took his [...]

POSTED ON February 17, 2003
Rate cuts later, not sooner

The Reserve Bank has made it clear it feels there is now more chance of interest rates falling this year than rising due to a [...]

POSTED ON February 17, 2003
Homes, firms face fire levy

The Victorian National Party has put forward a proposal to the Fire Services Funding Review to place a property-based levy on all households and businesses. [...]

POSTED ON February 17, 2003
CBA’s Cuffe payout condemned

The Australian Shareholders' Association has reacted angrily to news of the $33 million pay-out given by the Commonwealth Bank to a recently departed funds manager, [...]

POSTED ON February 14, 2003
Funds must cut ‘lifestyle’ rebates

Private health insurance funds will no longer offer cover for items such as golf clubs and running shoes following a Federal Government decree that these [...]

POSTED ON February 14, 2003
Investors run to low-risk share funds

Retail investors and fund trustees are moving back into index-tracking funds with lower risk, according to Assirt. Its December quarter survey shows a move away [...]

POSTED ON February 14, 2003
Investors hold on to margin loans

Despite a small increase in the number of margin calls recently due to falling share prices, lenders say investors are committed to their portfolios and [...]

POSTED ON February 14, 2003
Banks won’t help refinance debts: Liberty

Banks are turning away home loan customers with high personal debt, according to non-conforming lender Liberty Financial. Liberty says it has seen a big increase [...]

POSTED ON February 13, 2003
Bendigo exchange to trade rural schemes

Bendigo Stock Exchange plans to create a listed market in rural investment schemes for the $4 billion agribusiness sector. The BSE says it wants to [...]

POSTED ON February 12, 2003
Damning report on financial planners

Financial planners have been heavily criticised in a report by the Australian Consumers' Association and the Australian Securities & Investments Commission. ASIC used 53 investors [...]

POSTED ON February 12, 2003
Melbournians’ home repayments jump

The dramatic increase in house prices over 2002 means Melbournians now spend an average of 27.5 per cent of their incomes on home loan repayments [...]

POSTED ON February 11, 2003
Scam hits online bankers in Net cafés

UK fraud investigators say hackers are preying on backpackers via Internet cafes in Sydney stealing thousands of dollars from online bank accounts. A British tourist [...]

POSTED ON February 11, 2003