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Posted by admin in Banks, Money on 03 21st, 2010 | Comments Off
UBank goes mobile...
NAB online banking offshoot UBank plans to offer its first mobile banking service later this year even though it has not yet recouped what the bank invested in getting its online savings account up and running. Earlier this week NAB’s revised earnings breakdown gave some clues as to the extent... 
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Posted by admin in Banks, Credit Card News, Money on 03 16th, 2010 | Comments Off
Slow growth outlook for credit card mark...
Credit card issuers should get used to slow growth in their businesses, according to industry participants speaking at yesterday’s Cards & Payments conference in Sydney.Speakers agreed that the days of double digit growth in card spend were not likely to return soon. Figures released by the Reserve... 
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Posted by admin in Banks, Credit Card News, Money on 03 15th, 2010 | Comments Off
RBA open on credit card fee crackdown...
*  RBA watching credit card fees * Prefers competition to regulation * Interchange fees “still too high” THE Reserve Bank says it is a “reluctant regulator” of credit cards while leaving the door open to force providers to reduce interchange fees. In a speech on Monday RBA Assistant... 
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Posted by admin in Banks, Overseas Finance on 03 12th, 2010 | Comments Off
New Zealand bank seeks external capital...
Kiwibank is looking to lift its capital base by more than a quarter with the sale, for the first time, of hybrid securities. The move is significant in that this is the first time since the formation of the bank in late 2001 that Kiwibank has looked for capital from any entity other than its owner... 
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Posted by admin in Banks, Commercial Finance on 03 12th, 2010 | Comments Off
Commercial rates on hold...
Despite the RBA raising the cash rate last week, Liberty Financial has decided to absorb the increase and keep rates unchanged for new customers wanting a commercial mortgage. Liberty has recently revamped its suite of commercial products including boosting the maximum LVR for prime full doc... 
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Posted by admin in Banks, Money on 03 12th, 2010 | Comments Off
Dollar above US91c...
THE dollar was slightly higher at noon as it traded in a tight range in the wake of the release of steady employment figures yesterday. At 12pm (AEDT), the dollar was $US0.9155/57, up 0.25 per cent from Thursday’s close of $US0.9139/44. Since 7am (AEDT), the local unit has traded between... 
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Posted by admin in Banks, Insurance on 03 12th, 2010 | Comments Off
40,000 dollars claim...
Forty thousand insurance claims are expected from Victorians affected by the ‘super-cell’ hail and thunder storm that hit Melbourne and surrounding districts on Saturday. Insurers are being overloaded with calls from policy holders and are expected to pay out more than... 
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Posted by admin in Banks, Credit Card News on 03 5th, 2010 | Comments Off
Banks’ $1.2bn credit card cash-in...
MILLIONS of credit card customers will be whacked with another interest rate rise amid fears the global financial crisis is being used as an excuse to rort consumers. The Commonwealth Bank and Westpac will slug card holders an extra .25 per cent from next week, in line with the Reserve Bank’s... 
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Posted by admin in Banks, Home Loans on 03 3rd, 2010 | Comments Off
Westpac matches Reserve Bank rate hike...
WESTPAC has raised its interest rate on home loans by 25 basis points, matching the Reserve Bank’s latest rate rise. Westpac’s standard variable home loan interest rate and variable business lending rate will rise by 0.25 percentage points to 7.01 per cent per annum. The rate rises... 
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Posted by admin in Banks, Home Loans on 03 3rd, 2010 | Comments Off
The official cash rate was increased fro...
RBA hikes cash rate by 25 basis points Brings the cash rate to 4 per cent More hikes to come, says RBA Governor HOMEOWNERS will pay more on their mortgages after the Reserve Bank increased its cash rate for the first time this year. The official cash rate was increased from 3.75 per... 
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