Banks assist bushfire victims

All of the four major banks have offered assistance packages to those people affected by the recent bush fires in New South Wales. Below is [...]

POSTED ON January 10, 2002
Australians embrace internet banking

Over 20 per cent of Australians are signed up with one of the major banks to do their banking over the internet. Internet banking has [...]

POSTED ON December 21, 2001
Banks state their commitment to customers

NAB and Westpac held their Annual General Meetings yesterday and the CEO’s of both banks stressed their commitment to listening and responding to the concerns [...]

POSTED ON December 17, 2001
Falling rates trigger fixed-rate loan war

Fixed interest rates are continuing to fall sharply with non-bank lender RESI Mortgage Corporation leading a charge to undercut the major banks to a point [...]

POSTED ON November 12, 2001
Westpac & Qantas announce new rewards program

Westpac today announced details of its new partnership with Qantas which will see it offer Qantas Frequent Flyer Points as part of its new credit [...]

POSTED ON November 2, 2001
Credit unions & building societies healthy

Despite having a fraction of the assets of the banking sector, profit growth figures for Australia's credit unions and building societies matched bank performances in [...]

POSTED ON November 2, 2001
St George offers managed funds online

Australia's St George Bank will extend its Internet-based banking operation, dragondirect, to managed funds. Dragondirect customers will have two funds to choose from, neither charging [...]

POSTED ON November 1, 2001
Online Banking nets consumer attention

AC Neilsen and netRatings latest survey of Internet banking in Australia highlights its acceptance by a growing number of Australians. In August, Westpac's customers spent [...]

POSTED ON October 25, 2001
Non-bank lenders filling branch gaps

Smaller banks and non-bank lenders alike are now rushing to replace the holes left by the retreat of traditional bank branch networks.The large numbers of [...]

POSTED ON October 25, 2001
Online savings growing with interest

AMP Bank and ING Direct are the fastest-growing deposit takers in Australian banking, courtesy of their high-interest savings accounts which offer online access only. The [...]

POSTED ON August 8, 2001
Australian economy the toast of the town

Australia's economy has outperformed that of most others - particularly the powerhouses of the USA, Japan and Europe - against all the expectations of the [...]

POSTED ON July 24, 2001
Newcastle faces bank disruption

Newcastle customers of the National Australia Bank, Westpac and the ANZ face a disruption to services this Friday June 29 as a major industrial campaign [...]

POSTED ON June 26, 2001
E*Trade offers DIY superannuation

E*Trade has teamed up with do-it-yourself superannuation fund service SuperEasy to enable Etrade clients to set up a DIY super fund online at comparatively low [...]

POSTED ON June 25, 2001
New global weapon against Net fraud

Victims of the growing incidence of internet fraud now have a central global complaints authority after the launch this week of a consumer protection website [...]

POSTED ON May 7, 2001
No change to rates

The Reserve Bank of Australia has held official interest rates steady at 5 per cent at its May board meeting. [...]

POSTED ON May 3, 2001
ANZ and AMP merger rumoured

Rumours of a strategic alliance between Australia's bisggest insurer and the country's fourth-largest bank are growing with the two parties said to be close to [...]

POSTED ON April 11, 2001
RBA cuts rates 0.25 percent

The Reserve Bank of Australia has cut official interest rates by a quarter of one percentage point to 5.5 per cent. This will flow through [...]

POSTED ON March 9, 2001
Save online to beat falling rates

With interest rates falling, savers looking for decent returns in an at-call deposit account will do well to look to the Internet. A number of [...]

POSTED ON February 12, 2001
Xmas mobile shoppers beware

Consumers buying mobile phones for Christmas should check and understand the terms of their phone contract before signing warns the Australian Communications Authority (ACA). The [...]

POSTED ON December 12, 2000
Virgin Blue arrives in Adelaide

Virgin Blue commenced its Brisbane to Adelaide service yesterday. The red Boeing 737 didn't have one empty seat and flew under an archway of water [...]

POSTED ON December 11, 2000
Record health fund profits prompt payout call

Private health funds are under increased pressure to help out consumers and struggling private hospitals after recent figures indicate a record $343 million profit for [...]

POSTED ON December 11, 2000
Anger at Kurnell airport plan

The Federal Government's plan for a second Sydney airport in Kurnell – supported by Prime Minister John Howard – has been attacked by local residents [...]

POSTED ON December 11, 2000
Chat sites back under the hammer

Criminal lawyer, Chris Murphy, is launching a defamation action against online stock chat forum Stockhouse. It appears that the abuse and allegations against Murphy were [...]

POSTED ON December 11, 2000
Colonial customers to move to CBA

By the end of January 2001, Colonial Bank customers will be able to do their banking at Commonwealth Bank branches. CBA has announced plans to [...]

POSTED ON December 8, 2000
Banks will cooperate on fees says ACCC

According to the Australian Competition and Consumer Commission (ACCC), the major banks – who the ACCC have accused of fixing credit card interchange fees – [...]

POSTED ON November 28, 2000
Dial a pop star

Telstra has struck a deal with ARIA and record label, Transistor Music, to bring PhoneAway cards to the public. The new cards have been developed [...]

POSTED ON October 12, 2000
Happy about net and mobile services

A recent survey by the Australian Communications Authority (ACA) indicates that the majority of Australian consumers are satisfied with their mobile and internet services. Figures [...]

POSTED ON October 12, 2000
New stock exchange for Bendigo

Targeting the rural sector, the Bendigo Stock Exchange will open for share trading once funding is established. Six companies and around 12 brokers are needed [...]

POSTED ON October 12, 2000
Qantas serves up expired food

1,000 out-of-date Qantas meals were thrown out after staff refused to serve them. However, staff have claimed that meals that were either out-of-date or on [...]

POSTED ON October 11, 2000
GST refund mess

Delays in GST refunds may cause some businesses problems with their cash flow. According to tax advisers the ATO is yet to pay out GST [...]

POSTED ON September 28, 2000
Mortgage brokers moving in

The recent rise of mortgage brokers - intermediaries that offer loans from a variety of lenders instead of only one – has helped ANZ and [...]

POSTED ON September 28, 2000
NAB cracks down on credit fraud

Using software already in use in the US, the National Australia Bank is cracking down on credit card fraud saving $2 million in the last [...]

POSTED ON September 28, 2000
WAP banking still needs work

After Westpac launched its WAP service, the NAB and ANZ have completed trials for their WAP programs but are yet to officially launch them. The [...]

POSTED ON September 27, 2000
ATMs at churches

In an attempt to re-establish the local parish as the centre of the community, The Church of England is considering installing cash-dispensing machines in its [...]

POSTED ON September 26, 2000
Suburban anger at major banks

Communities in Sydney’s inner west are following in the footsteps of their rural counterparts by attempting to establish their own community banks with Bendigo Bank. [...]

POSTED ON September 26, 2000
$200bn customers for NAB

The NAB’s Global Securities Services business has scored two new lucrative clients, Brown Brothers Harriman and Mellon Trust. NAB’s assets under custody in Britain could [...]

POSTED ON September 26, 2000
Westpac open on Sundays

From the 17th September to October 1, Westpac branches in the CBD, Manly, Bondi and Kings Cross will open for trading each Sunday. Manly, Bondi [...]

POSTED ON September 25, 2000
Treasurer asks NAB to explain

Federal Treasurer Peter Costello has called for an explanation from the NAB regarding its decision to close 100 of its branches and to increase fees. [...]

POSTED ON September 22, 2000
Credit card bank back down

After the ACCC threatened legal action against the major banks for fixing of credit card 'interchange’ fees (charges between banks for processing transactions on each [...]

POSTED ON September 22, 2000
Qantas passengers go hungry

In an ironic twist in the current discount airfare war, Qantas was forced to run several domestic flights last night without meal services. A snap [...]

POSTED ON September 21, 2000
ACCC points to card fees compensation

The ACCC has raised the possibility of consumers receiving compensation from the banks for being charged excessive interchange fees on credit card transactions. Mr Allan [...]

POSTED ON September 20, 2000
NAB gets thumbs up from analysts

Following NAB’s announcement of fee increases and branch closures, the bank’s shares rose 46 cents to $27.12 and analysts named it their top pick in [...]

POSTED ON September 20, 2000
NAB to raise fees and shut branches

The National Australia Bank has announced its intention to raise its bank fees and to close 100 of its metropolitan branches. The exact branches targeted [...]

POSTED ON September 18, 2000