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Monday, October 23, 2017

Regulator warns banks to not hide credit crunch exposure

The prudential regulator has warned the big banks to scrutinise their overall loan exposure to financial companies and their satellite funds as turmoil continues...

Australians saving more despite economic and jobs gloom

Australians are becoming savers again because of the economic slowdown and fears of a possible recession, an economist says. JP Morgan chief economist Stephen Walters...

St George hikes home loans by 10 bps to 9.47 pct

St George Bank customers will be paying more for their mortgages from today.The bank's latest rate increase of ten basis points comes into effect...

‘Paid the Same’ Commission Rate Commitment

Mortgage Choice doesn't play favourites Australia's largest independently-owned mortgage broker, Mortgage Choice is re-affirming its commitment to its ‘paid the same' commission rate policy for...

Westpac’s Kelly says rates near bottom but stress remains

Westpac Banking Corporation chief executive Gail Kelly says interest rates appear to have hit a bottom and are likely to begin to rise once...

Half of banks targeted in class action cut card fees

Only half of the 12 banks targeted by Maurice Blackburn and IMF Australia Ltd's $5 billion class action cut their average fee for late...

The Wealth Today Academy attracts top brokers

Following its launch into Victoria last month, Wealth Today has just completed a sellout broker Academy in Brisbane - its fifth in Queensland and...

The average size of a new mortgage in Australia reaches record high

The average new mortgage lodged in Australia rose to $354,000 in July - the highest figure on record, according to AFG, Australia's largest mortgage...

NAB to focus on Australia, deepen relationships with customers

National Australia Bank (NAB) will refocus its energies on its hometown market, where the economy is faring better than others, to support its business...
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Banks pledge more than $3m in bushfire assistance

Four Australian banks have pledge more than $3 million to help victims of Victoria's bushfires. The National Australia Bank (NAB), Commonwealth Bank of Australia (CBA)...

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ANZ budgets $100m for job cuts, displacements

ANZ Banking Group Ltd (ANZ) has budgeted $100 million in its fiscal 2009 year for costs relating to job cuts and completing its corporate...

Costello’s criticism of economy “remarkable” – Rudd

Former federal treasurer Peter Costello's comments that the Labor government is responsible for Australia's economic plight are "remarkable" considering how he left the country,...

Rate rise unlikley after poor lending data, economists

Soft monthly business lending figures have highlighted the choppy nature of the economic environment and diminished the chance of an interest rate rise by...

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