ANZ Bank has established a specialist team of bank executives to fix problems affecting its mortgage processing systems. ANZ has recently moved to outsource .....
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.....
Profits and bad debts up at Commbank 14 August 2008
The Commonwealth Bank reported a seven per cent gain in profit to $4.8 billion with provisions for impaired loans doubling from $434 million to $930 million. Chief executive Ralph Norris said the US economy may have bottomed out. Norris said the bank was aggressively chasing market share in home loans after 15 consecutive months of increases in share while competitors were distracted and non-banks had left the market. JP Morgan said the Commonwealth bank profit was "quantitatively and qualitatively disappointing". Higher home loan funding expenses, due to the debt crisis, cost the CBA group $279 million in 2008.
