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Sydneysiders have reacted angrily to news that banks may not pass on interest rate cuts to customers.
Topics: business-economics-and-finance, banking, australia
NAB has joined ANZ as the first of the big four banks to slice their interest rates, passing on the Reserve Bank's full 25-basis-point cut announced earlier this week.
Posted December 16, 2011 15:23:19 | Updated December 16, 2011 15:25:33
The Bendigo and Adelaide Bank will spend $130 million buying the Australian operations of the Bank of Cyprus.
The bankers' association says banks will be able to withstand even a worst-case economic scenario after reports they were given a week to pass stress tests by the regulator.
Topics: business-economics-and-finance, money-and-monetary-policy, company-news, banking, australia
Treasurer Wayne Swan has urged people to take their home loans from the big four banks and take them to smaller lenders with lower interest rates.
Posted December 13, 2011 13:46:50
Big four banks pass on rates cutTopics: international-financial-institutions, banking, economic-trends, european-union
Topics: banking, newcastle-2300
A small town in the far western New South Wales has been left without banking services, after the closure of its post office.
Topics: business-economics-and-finance, company-news, banking, australia
Posted December 12, 2011 14:26:06
Banks 'can survive' severe economic downturn CBA meltdown leaves customers furious ANZ pours more cold water on rate hopesPosted December 08, 2011 11:30:41 | Updated December 08, 2011 12:03:10
Western Australia's social welfare groups say they are disappointed with the major banks for not passing on the Reserve Bank's full interest rate cuts.
Banks gorge on record euro loans Home loans shrink as business loans soarPosted December 08, 2011 18:05:03 | Updated December 08, 2011 20:12:44
St George Bank has followed the lead of the big four banks and cut its home loan rate by 0.25 per cent, in line with the Reserve Bank's interest rate cut this week.
Posted December 07, 2011 14:18:47 | Updated December 08, 2011 00:21:19
Posted December 14, 2011 14:33:29 | Updated December 14, 2011 14:52:43
Steve Cannane speaks to Australian Lawyers Alliance's Greg Barns, ABC Sunday Profile presenter Julia Baird, Brandwashed author Martin Lindstrom and former Liberal adviser David Miles.
Posted December 22, 2011 06:43:50 | Updated December 22, 2011 16:29:44
The National Australia Bank is the latest bank to signal that future interest rate cuts might not be passed on in full, blaming rising funding costs caused by Europe's debt woes.
The Drum Wednesday 7 December Video Video NAB chief signals reticence on rate cuts (audio)Topics: banking, industry, business-economics-and-finance, economic-trends, australia
ANZ Bank has temporarily stopped customers from accessing their bank statements online because of a security glitch.
Topics: banking, money-and-monetary-policy, consumer-finance, economic-trends, australia
With continued uncertainty over the Newcastle rail line and the decline in the CBD, the Greater Building Society is moving to build its new headquarters at Honeysuckle.
Topics: business-economics-and-finance, industry, banking, international-financial-crisis, european-union
Big banks under fire from WA welfare groupWestpac chairman Ted Evans calls on the Government to give banks the flexibility to link their interest rates to economic circumstances.
Law firm Maurice Blackburn says it will challenge all four of the big banks plus Citibank in a class action against bank fees worth $197 million.
Posted December 16, 2011 10:18:07 | Updated December 16, 2011 10:20:31
Topics: banking,nike 6.0 sko, business-economics-and-finance, consumer-finance, australia
A western Queensland mayor says the Commonwealth Bank's decision to reduce its operating hours is a huge blow to the region.
Posted December 12, 2011 12:57:04 | Updated December 12, 2011 15:41:02
Posted December 16, 2011 12:11:32 | Updated December 16, 2011 17:05:33
Big four targeted in bank fees class actionTopics: banking, business-economics-and-finance, company-news, bendigo-3550, adelaide-5000, cyprus
Topics: banking, economic-trends, money-and-monetary-policy, company-news, international-financial-crisis, federal-government, programs-and-initiatives, media, drug-offences, children, rights, world-politics, poverty, prostitution, australia
St George follows big four in rate cutTopics: business-economics-and-finance, regulation, banking, australia
Topics: business-economics-and-finance, economic-trends, banking, australia
Topics: banking, industry, business-economics-and-finance, internet-technology, australia
Banks in eurozone nations deposited a record amount of overnight funds at the European Central Bank yesterday, as they remained extremely wary of lending to each other.
Posted December 16, 2011 12:03:03 | Updated December 16, 2011 12:32:53
Topics: banking, community-development, regional-development, company-news,sale uggs discounts, regional, blackall-4472, longreach-4730, mount-isa-4825
Posted December 14, 2011 22:41:01 | Updated December 15, 2011 10:17:42
Posted December 08, 2011 12:42:43 | Updated December 08, 2011 17:10:49
Topics: business-economics-and-finance, company-news, banking, money-and-monetary-policy,cheap uggs uk, australia
Topics: banking, economic-trends, money-and-monetary-policy, consumer-finance, international-financial-crisis, sydney-2000, australia
People on the streets blast banks Video Video Security glitch exposes ANZ bank statementsPosted December 19, 2011 09:25:28 | Updated December 19, 2011 14:28:04
Reduced CBA hours 'a real blow' to outbackUS securities regulators have sued six former executives at Fannie Mae and Freddie Mac, including ex-CEOs of both mortgage finance companies, saying they misled investors over exposure to risky home loans.
Banking Eurozone banks make record ECB deposits NAB, ANZ pass on full interest rate cutTopics: banking, industry, business-economics-and-finance, australia
Posted December 07, 2011 08:28:32 | Updated December 07, 2011 09:34:23
Posted December 15, 2011 17:52:00 | Updated December 15,abercrombie models, 2011 18:15:00
The Drum Thursday 8 December Video VideoPosted December 09, 2011 10:47:52 | Updated December 09, 2011 17:02:24
Topics: business-economics-and-finance, company-news, banking, australia
Topics: banking, community-and-society, romsey-3434, bendigo-3550
Directors banking on early project startPosted December 17, 2011 07:56:10
Take your home loans elsewhere: Swan Former US mortgage executives suedPosted December 15, 2011 14:14:39 | Updated December 15, 2011 16:15:27
Topics: international-financial-crisis,calvin klein perfume, banking, united-states
Posted December 15, 2011 10:06:51 | Updated December 15, 2011 12:27:16
New headquarters for GreaterAll four big banks pass on the full central bank rate cut, saying they want to support customers in a tough economic period.
Topics: banking, money-and-monetary-policy,UGG japan, economic-trends, consumer-finance, gambling, federal-government, social-policy, advertising, television, activism-and-lobbying, journalism, print-media, turnbull-malcolm, prisons-and-punishment, courts-and-trials, fraud-and-corporate-crime, world-politics, advertising-and-marketing, author, non-fiction, australia
Steve Cannane speaks to NSW Greens MP Cate Faehrmann, Julian Morrow from The Chaser and Chris Berg from the Institute of Public Affairs.
Banks have gobbled up nearly 490 billion euros ($635 billion) in three-year, cut-price loans from the European Central Bank, easing immediate fears of a credit crunch but leaving unresolved how much will flow to needy eurozone economies.
Westpac calls for flexibility on ratesPosted December 17, 2011 16:17:34 | Updated December 17, 2011 16:24:17
Posted December 08, 2011 19:08:07 | Updated December 09, 2011 00:05:42
Topics: banking, community-and-society, white-cliffs-2836, broken-hill-2880
ANZ has become the latest of the major banks to signal that future cuts to official interest rates are not likely to be handed in-full to its customers.
Thousands of Commonwealth Bank customers were unable to access their funds on Wednesday after problems with the bank's ATMs and online system.
Posted December 07, 2011 18:05:02 | Updated December 19, 2011 20:30:24
Bank buys Australian arm of Bank of CyprusThe value of business and personal loans jumped in October while home loans shrank, official figures show.
Banking services go with post office closureThe number of loans for owner-occupied housing rose for the seventh straight month in October as first-home buyers continued their return to the market.
Mortgage demand continues to riseTopics: business-economics-and-finance, banking, building-and-construction, housing-industry, australia
Posted December 28, 2011 13:11:49
The directors of a community bank in the Macedon Ranges say they hope to start construction work on a new branch building as soon as possible.
Topics: consumer-finance, banking, perth-6000
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