Fighting online banking fraud with NAB Defence

The National Australia Bank is doing it's best to fight internet fraud and has begun an online campaign to assure customers that their money will be fully protected in the event of them falling victim to a fraudster.

Credit card debt on the rise

Reserve Bank of Australia figures released today showed that credit card debt went up in October to $41.282 billion

US Banks borrow $20 billion

American banks fell over themselves trying to get $20 billion of short-term liquidity provided by the Federal Reserve.

Central Banks flood money market with $500 billion

Central banks have unleashed $500 billion on the money market in an attempt to combat the lack of trust between banks who have tightened their belts since the sub-prime US mortgage disaster.

Australian dollar steadies rate rise tipped for Feb

The Australian Dollar (AUD) recovered slightly in morning trade to be at USD$0.8591/96, down from yesterday's closing rate of USD$0.8609/13.

Centro latest credit crunch victim

With shopping centres across Australia, New Zealand and the United States, Centro has quickly found itself the latest victim in the global credit crunch.

AFXC launches new web site

The Australian Foreign Exchange Committee (AFXC) has launched a new web site today. The global foreign exchange market turns over more than US$3.2 trillion each day.

Wizard Home Loans increasing their branch numbers in India

Non-bank home loan company, Wizard Home Loans in a joint venture with GE Money is planning to add six new cities to their existing business network in India.

Packer buys US casinos

James Packer's new companies casino and gaming company Crown Limited has quickly established itself in the US after snapping up four US casinos for an after outlaying almost USD$2 billion.

Aussie Dollar Drops

The Australian Dollar (AUD) dropped more than one cent overnight after the US Federal Reserve cut official interest rates in an attempt to keep their pending recesssion in check.

Australian Bank shares drop in early trade

Australian shares lost some ground in early trading on Monday with three of the major banks leading the way.

Average aussie home loan tops $240,000

The Australian Bureau of Statistics today released figures showing that the average size of an Aussie home loan had risen to $240,300 in October 2007 from $239,400 in September.

The Australian Dollar Opens down

The Australian Dollar (AUD) opened at USD$0.8696/98 slightly down on yesterday's closing rate of USD$0.8702/07.

ANZ to open seven days a week

The ANZ is the latest financial institution to apply for a licence to trade seven days a week. The Commonwealth Bank already trades seven days a week in New South Wales, Victoria and Queensland while Bankwest has been operating on Sunday's at the many Westfield shopping centres across Sydney in which it has offices.

Personal details of Brits freely available online

The personal financial details of thousands of Britons are freely available online reports the UK Times. The newspaper reported that UK bank details which included pin numbers and security codes had been downloaded online at no cost

Adelaide Bank raises interest rates

The Adelaide Bank was the first of the financial institutions to lift their home loan interest rates yesterday above the official interest rate of 6.75% set by the Reserve Bank of Australia (RBA).

Visa Debit Card now available at NAB

NAB Visa Debit Cards are finally available with the National Australia Bank issuing debit cards to customers allowing them to make card purchases online and over the phone like everyday credit card customers.

Australian trade deficit hits 36 year high

Australia's trade deficit figure hit a 36-year high in October with exports falling on the back of a strong Australian dollar (AUD).

No change in Interest Rates tipped

Australian economists predict that there will be no change to the current official interest rate of 6.75% when the Reserve Bank board meet tomorrow.

Packer's new companies on Stock Exchange

James Packer's new companies Crown and Consolidated Media Holdings both made their debut on the Australian Securities Exchange (ASX) today Crown (CWN) opening at $14-80 a share while Consolidated Media Holdings (CMJ) opened at $3.70 a share.

Rudd tells banks to consider families

Kevin Rudd has asked the banks to consider families before lifting mortgage interest rates. The Prime Minister elect said he would draw their attention to the fact that working families suffering a series of interest rate rises are already under financial pressure.