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
ANZ secures business site

The ANZ Bank has launched its new internet based business banking platform which includes two-factor authentication for improved security. The service will cost $15 per [...]

POSTED ON May 13, 2008
Businesses not sure about future

Business confidence fell again in April and is now at its lowest level since 2001. The monthly NAB survey recorded a 4 point fall and [...]

POSTED ON May 13, 2008
Union warns of cuts from merger

Westpac’s proposed takeover of St George could result in thousands of lost jobs and lower levels of customer service according to the Financial Sector Union. [...]

POSTED ON May 13, 2008
Mega-bank will need permission

If the takeover by Westpac of St George goes ahead, the new entity will be Australia’s largest bank with over 37,000 staff, more than 1,200 [...]

POSTED ON May 13, 2008
Borrowers leave mortgage market

The Reserve Bank’s series of rate rises are slowing the economy, with the latest evidence a sharp fall in home loan approvals. The number of home [...]

POSTED ON May 13, 2008
Westpac chases the dragon

Westpac recently stole St George Bank’s CEO Gail Kelly, but not content to stop there, is in talks to buy the bank. If the takeover [...]

POSTED ON May 12, 2008
Members cashed up

Members Equity Bank has raised up to $5 billion from its shareholders which chief executive Anthony Wamsteker says should be enough to fund mortgage growth [...]

POSTED ON May 12, 2008
Property markets hits the skids

Evidence of a slump in the property market is building with auction clearance rates falling and sharp drops in house values being seen in some [...]

POSTED ON May 12, 2008
Voters want the rich off gravy train

Voters have come out in support of plans by the federal government to apply means testing to government hand-outs. A Newspoll has found that 65 [...]

POSTED ON May 12, 2008