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.....
GE Capital in Australia recorded a 52 per cent jump in profit to $161 million during 2007 despite lower income from interest charged to borrowers. The bad debt charge increased 17 per cent to $334 million. GE reported that loans (excluding home loans) increased 13 per cent to $15 billion. A full year contribution from Custom Fleet and a drop in tax rate helped the primary business of GE Capital. Net interest income fell 13 per cent to $515 million while non-interest (mainly "other operating revenue" rather than fee income) increased 41 per cent to $1.09 billion. This was largely due to the takeover of Custom Fleet from National Australia Bank in August 2006.
