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Investors rush to bank deposits
1 December 2008 |
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| Investors continued to choose bank deposits in October over shares and other investment options. More than $11 billion was deposited in banks, credit unions and building societies, up three per cent on the previous month, in the biggest increase in deposits seen in several years, according to figures from the financial system regulator APRA. Citibank had the highest rate of growth in household deposits with 5.7 per cent increase in October. Bendigo and Adelaide Bank showed strong deposit growth at 4.8 per cent. ANZ was up 4.7 per cent, Westpac up 3.8 per cent and NAB up 2.8 per cent. The only bank to lose deposits was ING which suffered a fall in deposits of 4.3 per cent. Commonwealth Bank still holds by far the most household deposits of any institution and grew deposits during the month by 3.1 per cent. |
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| Source : The Australian Financial Review |
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| 31 December 2008 | - Strange legal action will be fought says ANZ |
| | - Rates to plunge to two per cent |
| | - Legal actions mounting up for ANZ |
| | - Dodgy cash back deals anger consumers |
| | - Card contracts can't be understood |
| | - Airfares down  Take a break says government |
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| 30 December 2008 | - Mortgage stress for sub-prime lender's customers |
| | - Banks pushing card debt |
| | - Westpac/BT investment fund frozen |
| | - Big trouble ahead for property trusts |
| | - ANZ signing up car dealers |
| | - ANZ Bank fined by US government |
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| 29 December 2008 | - Wizard borrowers to get lower interest rates |
| | - NAB to speed up transfers |
| | - Baby bonus test creates confusion |
| | - Aussies become bargain hunters |
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| 24 December 2008 | - Up market retail boom |
| | - St George customers get 'worldÂs best' service |
| | - Bendigo mums and dads invest more |
| | - Bank fee take goes up |
| | - ANZ cuts back on services for wealthy customers |
| | - Reward for information on ATM bandits |
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| 23 December 2008 | - Sydney property investors getting eight per cent |
| | - Rate cuts come too late for the repossessed |
| | - Money moving back to markets |
| | - Confidence in super evaporates |
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| 22 December 2008 | - Banks tighten up on lending |
| | - Banks support greenhouse plan |
| | - ANZ chases car loan partners |
| | - Rent goes up, property prices go down |
| | - Banks not passing on rate cuts to farmers |
| | - Bad personal loans dog CommBank |
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| 19 December 2008 | - Pay off credit card debts first |
| | - More ATMs for BankWest and Commonwealth customers |
| | - Confidence in Commonwealth Bank crashes |
| | - Charity gift cards growing in popularity |
| | - Card debt down but markets still destroying wealth |
| | - Aussie ponzi scheme eats $100 million |
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| 11 December 2008 | - Guarantee fails to bring bank costs down |
| | - Citibank collects complaints |
| | - Bank customers go online to complain |
| | - Aussies reject shares for bank deposits |
| | - ATMs to display fees up front |
| | - Adelaide lures investors |
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| 10 December 2008 | - Rams faces action over 'unreasonable' exit fees |
| | - No action on excessive exec salaries |
| | - Next big rate cut due in February |
| | - Keep repayments high to bring interest costs down |
| | - Cash advances go up |
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| 09 December 2008 | - Mortgage market contracts, mortgage stress grows |
| | - Challenger comes back to the mortgage market |
| | - Banks back in business thanks to guarantee |
| | - Banks axe more staff |
| | - Aussies reject saving to spend up big |
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| 08 December 2008 | - Cards and mortgages soak up bonus payments |
| | - Big banks 'unconcerned' about mortgage defaults |
| | - Rate cuts not flowing through to home sales |
| | - Members Equity Credit Unions to take on banks |
| | - ANZ sacks 800 managers |
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| 05 December 2008 | - Sydney property slump continues |
| | - OneLend takes over City Pacific mortgage network |
| | - Members Equity passes on full rate cut |
| | - Commbank chief takes over as banker's chair |
| | - ANZ warns shareholders on share sales |
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| 04 December 2008 | - Rate rises blamed for poor economy |
| | - Profits down in finance sector |
| | - Members Equity profit down, exec pay up |
| | - Forty thousand caught by fixed rate mortgages |
| | - Card rates starting to come down |
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| 03 December 2008 | - RBA cuts again, more cuts to come |
| | - Homeowners $565/month better off |
| | - CBA, NAB pass on full rate cut |
| | - Banks hold onto big margins |
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| 02 December 2008 | - St George customers get 2,700 ATMs |
| | - No application needed for Visa gift card |
| | - Five per cent mortgage rates coming soon |
| | - Exec bonuses to be scrutinised |
| | - Banks issue card fraud warning for xmas shoppers |
| | - RBA cuts cash rate by 1 percent. |
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| 01 December 2008 | - Sydney buyers slugged by stamp duty |
| | - Melbourne auction sales slump |
| | - Debt cards recommended for young people |
| | - Big rate cuts due this week |
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