If you find yourself in the situation that you are unable to pay your credit card debt balance off each month then there are steps you can take to reduce your interest charges.
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Not all credit cards are created equally. And so it makes it that much harder to decide which credit card offer to choose. There are many factors you sh.....
Australian banks have endured the ultimate stress test of the global financial crisis to emerge strong and still delivering profits. The Australian Bankers’ Association (ABA) said the reporting season for Australian banks has come to an end and shows that their profits have declined compared to the previous reporting year.The ABA has analysed the results and found that the profit attributable to ordinary shareholders was down around 20% over the past year. This measure, however, includes the impact of one-off events such as provisions as well as the effect of mark-to-market accounting.Cash earnings were down around 3.5% this year. Over the last four years, dividend payouts to ordinary shareholders have totalled more than $52bn and this year’s payout was $13.4bn.In an environment which has seen significant employment reductions in the banking sector in other countries, employment at the main Australian retail banks showed only a small 1% decrease. Australian banks employ 135 400 people.
