Westpac CEO Gail Kelly is believed to be concerned that St George customers may move to Bendigo or ANZ as the merger takes hold. Just one St George executive ha.....
CreditMart recently undertook some analysis around interest rates on reward program credit card offers and found that the average interest rate on these cards was 1.....
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.....
Big banks drop market share in cards 18 April 2008
The Sheet this morning reports that the major banks have dropped market share in credit cards to competitors, mainly to foreign banks over the two years to February 2008. Over the preceding two years Commonwealth Bank dropped 2.5 per cent, NAB 1.0 per cent, ANZ 0.7 per cent and Westpac 0.5 per cent, a total loss of 4.7 per cent. In the report from MWE Consulting, Bankwest, Citibank and HSBC each picked up 0.6 per cent. MWE Consulting's director Mike Ebstein used APRA and RBA data to confirm these figures.
