Banks News

St George Bank best for Mortgage customer service

Wednesday November 28, 2007
A recent Nielsen Panorama poll concluded that St George Bank was leading the way ahead of its competitors when it came to customer satisfaction for new homeowners.

Aussie Dollar closes down

Wednesday November 28, 2007
The Australian dollar closed trading today at USD$0.8757/62, this is a slight drop from Tuesday's closing rate of USD$0.8793/98.

Sharemarket Takes a Hit

Tuesday November 27, 2007
The Australian sharemarket took another hit today on the back of plummeting share prices in both America and Europe as investors continue to suffer in the aftermath of the sub-prime mortgage fiasco in the US.

EI costs Tabcorp $30 Million

Monday November 26, 2007
Gaming and wagering giant, Tabcorp, announced the cost of the horse flu would cost the company $30 million in pre-tax profits at yesterday's annual general meeting in Sydney.

RAMS shareholders approve sale

Monday November 26, 2007
It comes as little surprise that shareholders of Rams Home Loans have approved the sale of the lender's franchise home loan distribution business and brand.to Westpac Banking Corporation for $140 million.

CBA service not up to scratch

Friday November 23, 2007
The Commonwealth Bank of Australia has been named as the worse of the major banks when it comes to business services offered to its cliental.

Commonwealth Bank to lift rates

Friday November 23, 2007
The sub-prime mortgage fiasco in the United States has finally hit everyday Australian's with the Commonwealth Bank announcing they will lift the variable home loan interest rate outside of any rate increase announced by the Reserve Bank.

NAB eyes off RAMS

Friday November 23, 2007
The National Australia Bank is eyeing off a swoop for RAMS home loans if the troubled home loan lender can't refinance two commercial papers before February 11.

Overdrawing your debit card - Get your fees back

Wednesday November 21, 2007
One of the things that irritate many bank customers is the fee that is charged when you overdraw your Debit Card account. In many cases these fees are debited against your balance after transactions are processed that haven't been accounted for by the user.

Australian Dollar opens lower

Tuesday November 20, 2007
The Australian dollar opened lower this morning as the fallout from the US subprime mortgage crisis continues to have an impact on world markets.

Share Market Tumbles in early trading

Tuesday November 20, 2007
The Australian sharemarket has dropped 2.15 percent in early trading in reaction to the Dow Jones fell to its lowest level in three months.

BHP Billiton appoint Andrew Mackenzie

Tuesday November 20, 2007
BHP Billiton has announced the appointment of former Rio Tinto Chief Executive Andrew Mackenzie as Group Executive and Chief Executive Non Ferrous.

Bank of England hints at lower rates

Friday November 16, 2007
While speculation is rife that Australian interest rates will again rise in February of 2008, the Bank of England has forecast a drop in interest rates next year.

Australian Dollar opens below US 89 cents

Friday November 16, 2007
The Australian dollar has opened below $US0.89 for a second time this week as the foreign exchange market continues to be volotile.

Commonwealth Bank offers free security software

Friday November 16, 2007
The Commonwealth Bank of Australia (CBA) has partnered with security software company Computer Associates (CA) to provide NetBank customers with access to free security software to help customers improve their online security.

Savings Accounts - beat the fees

Friday November 16, 2007
One thing that gives everybody some angst when looking at their bank statement is those fees and charges that we all incur for having a savings account.

St George raises $766m

Friday November 16, 2007
St George Bank had little trouble in raising $766 million in capital yesterday with its issue of 21.9 million shares, which was heavily oversubscribed, completed at $35 each.

How to Save Money with this Interest Rate Rise

Friday November 9, 2007
The interest rate rise is official and we will all have to deal with further rate rises in the near future. For some people this is an expense that really hurts their finances while others can cope without having to suffer any financial discomforts.

Save Money Despite The Interest Rate Rise

Thursday November 8, 2007
As expected, the Reserve Bank of Australia (RBA) raised official interest rates to 6.75% after their board meeting on Melbourne Cup Day. What does this mean for everyday consumers apart from the obvious, your home loan monthly repayments will now cost a fraction more each month.

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