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.....
Westpac is expected to emerge from this earnings reporting season as the best placed bank amongst the big four in dealing with the global debt crunch. Westpac CEO Gail Kelly announced earnings growth this year is expected to fall to 7–8 per cent from 14 per cent last year as credit growth slows. Westpac has not announced any exposure to big corporate failures and has provisioned for $31 million in bad debts, although this is expected to rise. While lending has slowed, Westpac has won market share in retail, especially mortgages, and institutional banking. Westpac shares rose 40 cents on Friday as other bank shares fell. Westpac has offered 1.31 shares for each St George share. Commonwealth Bank reports on Wednesday and is expected to out perform NAB and ANZ who have already reported big increases in provisioning.
