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.....
Credit unions and mutuals may be attractive takeover targets for banks but the head of their peak body says that they are not soft options. Louise Petschler, recently appointed head of Abacus, said that takeover attempts would not be surprising given the close connection that they have with their customers, but that this is also what makes them a 'difficult target'. 'We're independent and very mutually minded and focused on the value for members from our operations,' she said, noting that any takeover by a bank would risk losing the customer base that would be the benefit of any acquisition. 'You'd really have to be offering something better than what members have at the moment.'
