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.....
Borrowers to pay for new bank rules 27 November 2009
Borrowers will pay an extra 0.15 to 0.20 per cent on the prices of their loans from banks if the government insists on imposing new tighter global capitilisation standards on them.Australian Prudential Regulation Authority chairman John Laker has warned that the hubris starting to stir in the banking sector about emerging from the financial crisis relatively unscathed needs to be quashed and said Australian lenders would be required to fall into line with global banking standards.ANZ boss Mike Smith and Westpac's Gail Kelly have warned that bank regulation in Australia may have a negative effect on the economy.Jarrod Martin, from RBS, estimated that planned changes to liquidity could cost each of the big banks $500 million to one billion per year and add 15 to 20 basis points to the cost of borrowing.
