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.....
Commonwealth loses business customers 14 August 2008
Commonwealth Bank share of business lending fell during the 2007/08 financial year – from 12.4 to 12.2 per cent if you follow the APRA figures; or from 12.6 to 12.5 per cent if you follow the Reserve Bank figures. CBA's premium business services division, which includes commercial and institutional banking, agribusiness and CommSec, produced a modest 4 per cent rise in cash net profit. Income from the group was up 15 per cent but expenses were also up 15 per cent, and loan impairment expenses were up from $75 million to $426 million. Last year the bank put another 160 business bankers into the branches and opened eight new business banking centres. But chief executive Ralph Norris said the drop in market share was a result of taking a tougher approach to assessing risk in the commercial market.
