Forty per cent of first-time home buyers are suffering mortgage stress. Fujitsu found 581,000 households were in mortgage stress, up 0.7 per cent during Febr.....
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.....
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CBA expects flat year with no nasty surprises 15 August 2008
Commonwealth Bank has increased its impaired loan charge from 0.14 per cent to 0.26 per cent but did not expect any big new bad debts to failed corporates. Commonwealth is exposed to Centro and Allco but did not add to its known bad debt exposures at recent briefing. CBA's 10 per cent lift in profits was almost matched by nine per cent lift in costs and was boosted by the sale of water company AWG and a $100 million tax recovery. CBA expects a flat profit result this year. CBA shares lost 55 cents or 1.25 per cent yesterday.
