Finance News Archive History

Finance News 

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  Bad debts rising at home

  KPMG says that finance companies' losses from bad debts are on the rise due to households' increasing difficulty in making repayments.  The KPMG survey included Esanda, CBFC, Capital Finance and companies associated with ...

  Fri 18th Jan, 2008
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  ANZ and Commonwealth increase ATM fees

  Despite agreeing to scrap ATM interchange fees within a year, the ANZ and Commonwealth banks have both announced increases to the fees. Despite agreeing to scrap ATM interchange fees within a year, the ANZ and Commonwealth ...

  Fri 18th Jan, 2008 (2 Comments)
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  Australians are a fickle bunch

  A survey has found that Australian consumers won't hesitate to switch service providers if they are not getting what they want.  A survey has found that Australian consumers won't hesitate to switch service providers if ...

  Fri 18th Jan, 2008
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  Spending spree may have hidden cost

  Strong retail spending figures in November have increased the likelihood of the Reserve Bank lifting interest rates when it meets again in the first week of February. Sales grew by 0.8 per cent in the month compared with ...

  Mon 14th Jan, 2008
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  Credit squeeze may hit regional bank profits

  Concerns about the level of reliance that regional banks have on wholesale credit markets saw Suncorp shares dip to a 12 month low of $16.54 yesterday but recovered slightly to close at $16.64.  Concerns about the level ...

  Mon 7th Jan, 2008
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  Rates could be on the move as a result of global credit crunch

  Borrowers should be wary of banks seeking to recover the higher cost of credit due to the global credit crunch over coming months.   Borrowers should be wary of banks seeking to recover the higher cost of credit due to ...

  Mon 7th Jan, 2008
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  Rate rise prompts consumers to find cheaper credit

  Consumer confidence is proving resilient and there is evidence that more people are shopping around for the best deal on credit cards.  Consumer confidence is proving resilient and there is evidence that more people are ...

  Sun 6th Jan, 2008
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  Minimum Purchase rules unlcear

  The practice of setting minimum amounts for a credit card purchase is against the international regulations set by Mastercard and Visa.    The practice of setting minimum amounts for a credit card purchase is ...

  Fri 4th Jan, 2008