Banks News

Stocks Rise As Banks Find Room To Move Amid Falling Interest Rates

Friday October 31, 2008
STOCKS rallied for a second day running, even as more details emerge of the impact of the credit crunch on the wider Australian economy.

Enjoy a credit card with no annual fees with the St George No Annual Fee credit card

Friday October 31, 2008
If you rarely use your credit card, consider the St George No Annual Fee credit card and save.

Big Banks' Profits Hit 15-year Low

Friday October 31, 2008
THE five big Australian banks are set to enter a period of increasing global market turmoil, after posting their worst collective profit results in 15 years.

Rudd Suggests Banks Should Help Non-banks

Friday October 31, 2008
PRIME Minister Kevin Rudd has called on Australia's banks to consider advancing money to troubled financial institutions.

Pm's Latest Plan: Banks To Bail Out Non-banks

Friday October 31, 2008
PRIME Minister Kevin Rudd has called on Australia's banks to consider advancing money to troubled financial institutions.

Get the most out of your Aussie credit card

Thursday October 30, 2008
Find out how the Aussie credit card can help you.

Transfer to a Commonwealth Bank Low Rate credit card and save

Wednesday October 29, 2008
If you think you are being charged too much interest balance transfer to the Commonwealth Bank Low Rate credit card.

Get a personal loan with St George

Tuesday October 28, 2008
The St George bank offers great deals on personal loans. Learn more about St George personal loans.

Get protection against online fraud with the Visa HSBC Low Rate credit card

Monday October 27, 2008
If you shop online, get protected against fraud with the Visa HSBC Low Rate credit card.

Mortgage Funds Plead For Help

Monday October 27, 2008
MORTGAGE funds will today ask Treasurer Wayne Swan to guarantee them as he has guaranteed the banks, but they are almost certain to be refused.

Quick Accounting Shift Draws Fire

Friday October 24, 2008
BANKS and finance companies stand to benefit after Australian accountancy standards were swung into line with US practices yesterday.

Save money with the Citibank clear credit card

Friday October 24, 2008
If you are after a terrific low rate credit card, consider the Citibank clear credit card.

Three Years Before Full Bank Merger

Friday October 24, 2008
WESTPAC will have to wait three years before combining its retail outlets with those of St George, after Treasurer Wayne Swan approved the merger of the two banks.

Businesses Happier With Their Banks

Thursday October 23, 2008
AUSTRALIAN businesses' satisfaction with major financial institutions has increased by almost 10% over the past year, according to a national study.

Banks Circling As Allco Asset Sales Fall Through

Wednesday October 22, 2008
THE continuing fallout from the global financial crisis yesterday saw Allco Finance Group again throw itself on the mercy of its bankers, after it revealed it was in danger of missing its next two key debt repayments.

Credit Crisis Averted by Bank Deposit Guarantee

Wednesday October 22, 2008
The recent announcement by the Government to guarantee all Australian Bank deposits was unprecedented in Australia and many first world economies. This extraordinary action was extremely effective in producing the desired result. It was as they say a massive dose of

Funds Run Against Gravity To Guaranteed High Ground

Wednesday October 22, 2008
Treasury has put its balance sheet and its credit rating at risk by guaranteeing the wholesale funding requirements of the banks.

Check out the Aussie MasterCard credit card for a great deal

Tuesday October 21, 2008
If you are after a low rate credit card, the Aussie MasterCard credit card could be what you are after.

Our Enviable Bankers Line Up To Boast Billions On Books

Tuesday October 21, 2008
It seems apt in a US presidential election year to paraphrase a Clinton mantra for the pinched situation in which our big banks now find themselves as the economy turns south at an alarming rate.

Further Rate Cuts On Cards

Monday October 20, 2008
FURTHER across-the-board cuts in lending rates are expected as the major banks switch their focus from the hard-pressed housing market to the wider business sector in an effort to avoid the credit crunch-hit economy slipping into recession.

Home loans and superannuation during the credit crisis

Monday October 20, 2008
Learn about what you can do to mange your home loans and improve your superannuation.

Two Down, 2 To Go: Nab Joins Anz In Rate Cut

Monday October 20, 2008
FURTHER across-the-board cuts in lending rates are expected as the major banks switch their focus from the hard-pressed housing market to the wider business sector in an effort to avoid the credit crunch-hit economy slipping into recession.

Fels Fears For Competition Among Banks

Saturday October 18, 2008
AUSTRALIA'S big banks should not be able to swallow their smaller rivals despite the global financial crisis, the former head of the competition watchdog has warned, calling on the Government to intervene if any more such takeovers emerged.

Rudd Makes It Too Easy For Big Banks

Saturday October 18, 2008
Adapting Kerry Packer's famous quip, the big Australian banks will only get one Kevin Rudd in their lifetime. And they are making hay, emerging as the most underwritten and overprotected companies in Australia.

Rates Cut In Bank Vote Of Confidence

Saturday October 18, 2008
ONE of the big banks has given the Federal Government's handling of the economic crisis a thumbs up by cutting its interest rates another 0.25 percentage points.

Recession? What's a recession?

Friday October 17, 2008
With all the doom and gloom on the news about credit crunches and recessions it's time to take stock and take a look at what it means.

So It's ... Banks For The Memory

Friday October 17, 2008
The regulatory regime is only a small part of why our financial system is robust, writes Tony Cole.

Feeling Stressed? Don't Worry, The Banks Are Here To Help

Thursday October 16, 2008
IN THE market for a home loan, but have no savings, a hefty debt and a below-average income?

Rudd War On Bankers' Salary Deals

Thursday October 16, 2008
BANKS that offer big financial incentives to executives to engage in risky practices will be targeted by Prime Minister Kevin Rudd as part of a broader plan to tackle "extreme capitalism".

Mortgage refinance in Australia

Thursday October 16, 2008
If you're concerned about your mortgage repayments, consider mortgage refinance.

Banks Want Your Cash

Wednesday October 15, 2008
Investors' deposits are now Government-guaranteed. All you have to do is find the best rate.

First home buyers grant changes

Wednesday October 15, 2008
First home buyers will really benefit from changes to the first home buyers grant.

Can you afford a personal loan with a low income?

Tuesday October 14, 2008
Many Australians are experiencing financial hardship at the moment.

Hatches Battened Down, Now Onus Falls On Banks

Tuesday October 14, 2008
THE three-point strategy to "unclog the arteries" of the banking system has had an immediate impact, but analysts believe more details are needed.

Rudd's Guarantee Gives Suncorp Time To Rethink Plan To Sell Banking Arm

Tuesday October 14, 2008
BRISBANE-based Suncorp Metway is rethinking whether to push ahead with the sale of its $6.5 billion-plus banking and wealth management arm following the Federal Government's decision to guarantee deposits and term funding for Australian banks for three years.

Hatches Battened, Now Onus On Banks

Tuesday October 14, 2008
THE three-point strategy to "unclog the arteries" of the banking system has had an immediate effect, but analysts believe more details are needed.

Battle To Save Eu Banks From 'total Collapse'

Monday October 13, 2008
Britain and Germany are leading desperate attempts to keep Europe afloat, writes David Hirst.

Guarantee Bold Move

Monday October 13, 2008
WHILE a measure to protect deposits will grab the headlines, the real kicker is the fiscally brave decision by the Rudd Government to guarantee all money that Australian banks borrow internationally.

Interested in an NAB Low Rate Visa credit card?

Monday October 13, 2008
Competition within the credit card industry is heating up and now many credit card companies are offering low interest credit cards.

Your Savings Guaranteed

Monday October 13, 2008
DECLARING the global financial crisis had entered a new and dangerous phase, Kevin Rudd said his Government would guarantee the estimated $700 billion that Australians have deposited in banks, credit unions and building societies.

Banks Yet To Face Their Toughest Test

Sunday October 12, 2008
THE credit squeeze will end where it began - and it's a place that might surprise you.

Fears Set Investors Panicking To Grab Cash

Saturday October 11, 2008
INVESTORS are betting on a deep and sustained period of low economic growth in Western economies as banks withhold credit, prompting dramatic falls on world equity markets.

Nothing Like A Crisis To Bring Banks Back To Us

Saturday October 11, 2008
The nationalised British bank Northern Rock had to turn depositors away this week as it is in danger of breaching government limits on market share. It is now a popular destination for rational funds, mine included.

Banks' Stability Beats Competition, Says Rudd

Friday October 10, 2008
STABILITY is more important than competition in Australia's banking system, the Prime Minister said yesterday.

Surviving a recession

Friday October 10, 2008
People keep mentioning the word recession and panicking, but you can get through a recession.

Banks Regaining Monopoly On Home Loans As Mergers Continue

Thursday October 9, 2008
BANKS are increasing their stranglehold over the mortgage market just as the Federal Government considers approving two of the biggest bank takeovers in history.

If Markets Close, The 'breather' Might Set Banks Lending Again

Thursday October 9, 2008
Governments do not want to repeat the policy errors of the Great Depression, writes David Hirst.

So Who's Really Calling The Shots On Interest Rates?

Thursday October 9, 2008
Phillip Coorey ("Scoring 0.2 of a political point", October 8) and Alan Kohler (7.30 Report, October 7) both suggest the Reserve Bank reduced its cash rate by a full percentage point in part to ensure the four biggest banks passed on 0.5 or more to customers. If they are right, one must ask which banks are controlling monetary policy in this country?

World's Banks In Joint Action To Halt Carnage

Thursday October 9, 2008
THE world's leading central banks last night simultaneously cut their interest rates, in an unprecedented combined bid to restore confidence to the shattered global financial system.

Will credit cards get lower interest rates?

Thursday October 9, 2008
The interest rate cut has got everyone talking, but some people don't realise it doesn't affect every line of credit.

Big Banks Set To Get Bigger

Wednesday October 8, 2008
AT LEAST some of the Big Four banks will emerge from the credit shake-out with an unprecedented hold on the national and state-based banking markets.

Editorial Ball In Banks' Court After Shock Rate Cut

Wednesday October 8, 2008
THE Reserve Bank of Australia's decision yesterday to cut its cash rate by a full percentage point stunned even the most experienced economists.

Reduced To A Few Heavy Hitters

Wednesday October 8, 2008
AT LEAST some of the big four banks will emerge from the credit shake-out with an iron grip on lending markets.

The Rba Rightly Decides It Is Time For Shock Therapy

Wednesday October 8, 2008
Commercial banks ought to pass on most of the one percentage point rate cut to their customers.

Reveal Cost Of Funding: Burrow

Wednesday October 8, 2008
BANKS should be forced to publicly reveal details of their cost of funding so consumers can work out whether they are being ripped off when interest rates move.

Out To See The Dry, G-g Wades Into War Of Words

Tuesday October 7, 2008
THE warbling of songbirds cracked through the heavy sky hanging over the Darling River yesterday as the Governor-General, Quentin Bryce, stood on the banks of the waterway at the centre of an interstate tug-of-war.

Editorial Banks Strong Enough To Pass On Rates Cut

Tuesday October 7, 2008
THE Reserve Bank is widely tipped to cut interest rates today by as much as half a percentage point, but homeowners shouldn't hold their breath waiting for banks to pass it on.

RBA slashes interest rates

Tuesday October 7, 2008
Originally predicted to only fall by 50 basis points, the 100 basis point drop is a welcome one.

Shock Tactics Soften Pm's View On Rates

Tuesday October 7, 2008
A FIRSTHAND view of the financial crisis wreaking havoc on Wall Street was enough to shift Prime Minister Kevin Rudd's thinking on banks and interest rates.

Wall St Softens Pm On Rates

Tuesday October 7, 2008
A FIRSTHAND view of the financial crisis wreaking havoc on Wall Street was enough to shift Prime Minister Kevin Rudd's thinking on banks and interest rates.

Will banks pass on the savings to you?

Tuesday October 7, 2008
If lowered rates are passed on, Australians may end up with billions in annual savings.

Stressed Banks To Forgive Defaulter

Monday October 6, 2008
A deal with the pariah, Argentina, now seems the lesser evil, writes Richard Reynolds in Buenos Aires

After The Merger Frenzy, Banking Behemoths Rule

Monday October 6, 2008
Vast banks now being created will make life difficult for regulators, writes Eric Johnston

Swan Warns Banks Not To Borrow Too Much Time

Monday October 6, 2008
TREASURER Wayne Swan has warned banks they must pass on the benefits to families when their borrowing rates eventually fall again, as the Government defends their creaming off some of tomorrow's expected official cut by the Reserve Bank.

Banks Must Pass On Full Rate Cut

Sunday October 5, 2008
The Reserve Bank should be motivated by the need to take pressure off small business.

Pm Branded As Banks' Buddy

Sunday October 5, 2008
AS DESPERATE home owners hold their breath for an interest rate drop on Tuesday, the Federal Opposition has demanded the Government and banks explain themselves if the full cut is not passed on.

$a Slides As Banks Fight To Buy $us

Saturday October 4, 2008
THE deepening global financial crisis has taken the Australian dollar to its lowest level since the credit crunch began, as lenders scramble for US dollars amid spiralling funding costs.

Banks May Generate Big Profits, But They Are Highly Geared And Vulnerable

Friday October 3, 2008
The best we should hope for is they pass on about half the RBA's interest rate cut on Tuesday.

Interested in car loans?

Friday October 3, 2008
Many banks offer great deals on car loans and personal loans.

Turnbull To Pm: Stop Grovelling To Banks

Friday October 3, 2008
MALCOLM TURNBULL has branded Kevin Rudd "the leading apologist for Australian banks" as the Government continued to defend them against demands they pass on in full any interest rate cut made next week.

First Home Accounts Fail Value Test

Thursday October 2, 2008
THE Rudd Government's much-vaunted first home saver accounts are open, but just two of Australia's big five banks are offering them, and both of those have failed a test by the consumer group Choice for value and fairness.

Big Four Make No Promises To Pass On Interest Rate Cut

Thursday October 2, 2008
AUSTRALIAN banks have said they will pass on interest rate cuts if they can, but emphasise that official interest rates are not the only influence on standard variable mortgage rates.

Is a balance transfer what you€™re after?

Thursday October 2, 2008
Do your banks offer great deals on balance transfers?

Turnbull Bites Hand That Paid Him

Thursday October 2, 2008
MALCOLM TURNBULL has been set upon by his old friends in the banking sector for saying the banks were rolling in money and could well afford to pass on in full any rate cut the Reserve Bank of Australia grants next week.

Banks Pump In Billions To Alleviate Dollar Shortage

Wednesday October 1, 2008
THE Reserve Bank, and its counterparts across the world, are being called on to try new tricks to alleviate the world's liquidity shortage.

Finding the right products from banks

Wednesday October 1, 2008
Banks offer such a wide range of products our comparison tools make it easier and quicker to find the right Credit Card, Personal Loan, Transaction Account, Savings Account or Home Loan to best fit your needs.

World's Banks Try New Tricks In A World Of Shrinking Greenbacks

Wednesday October 1, 2008
THE Reserve Bank, and its counterparts across the world, are being called on to try new tricks to alleviate the liquidity shortage.

Reserve Tipped To Double Rate Cut

Wednesday October 1, 2008
THE Reserve Bank is increasingly likely to slash official interest rates by half a percentage point at its meeting on Tuesday, amid soaring funding costs for banks and signs that households are tightening their belts.

News Archive

2010

2009

2008

2007