Banks News
Fighting online banking fraud with NAB Defence
Monday December 31, 2007
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
Thursday December 20, 2007
Reserve Bank of Australia figures released today showed that credit card debt went up in October to $41.282 billionCentral Banks flood money market with $500 billion
Wednesday December 19, 2007
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.Centro latest credit crunch victim
Tuesday December 18, 2007
With shopping centres across Australia, New Zealand and the United States, Centro has quickly found itself the latest victim in the global credit crunch.Australian dollar steadies rate rise tipped for Feb
Tuesday December 18, 2007
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.AFXC launches new web site
Monday December 17, 2007
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
Friday December 14, 2007
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. Australian Bank shares drop in early trade
Monday December 10, 2007
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
Monday December 10, 2007
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.ANZ to open seven days a week
Thursday December 6, 2007
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.Visa Debit Card now available at NAB
Tuesday December 4, 2007
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.Adelaide Bank raises interest rates
Tuesday December 4, 2007
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).No change in Interest Rates tipped
Monday December 3, 2007
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.News Archive
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