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.....
State government plans to regulate bank interest rates would reduce the effectiveness and efficiency of the banking system said Ahmed Fahour, chief executive of NAB. Mr Fahour compared the plan, floated at the ministerial council for consumer affairs, to government controls in soviet Russia. State governments proposed at the ministerial council that banks should only be able to recover costs above the RBA's set rate by increasing fees. Mr Fahour said low income customers who use fee-free banking would suffer if the plan was implemented. Mr Fahour said there was much more economic bad news to come. NAB announced $850 million of provisions mainly related to losses in the US debt market. NAB shares closed at $25, their lowest point since September 2001.
