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 are under capitilised with not enough spare cash available to cover their lending exposures says ratings agency Standard & Poor’s. S&P rated the top 45 banks in the world, inlcuding Australia’s big banks and found most did not have an 8 per cent capital ratio under the agency’s new measure.ANZ scored the highest rating out of the three Australian owned banks that were reviewed with 7.1 per cent. National Australia Bank was at 6.9 per cent and Commonwealth Bank at 6.3 per cent.The top-rated global bank is HSBC on 9.2 per cent, followed by Dexia on 9 per cent and ING on 8.9 per cent.The new measure gives a lower rating to hybrid capital because it behaves more like debt than equity. For Australian banks, hybrid securities can make up to a quarter of their total capital.S&P warned banks of possible ratings downgrades next year.
