Commonwealth Bank Fixes Glitch

Published on December 14, 2010 by Technology Slice

Commonwealth Bank Fixes Glitch – The Commonwealth Bank believes it has now fixed a computer glitch which stopped some business and retail customers accessing account information on Tuesday morning. Up to five per cent of accounts at the bank, which services about 11 million Australians, were affected by the “late running file”, which failed to [...]

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Posted in Money

Australians Are Saving Money

Published on December 12, 2010 by Technology Slice

Australians Are Saving Money – When it comes to our spare cash, we are using it to pay down debt at a rate that is the highest in the world, according to Reserve Bank assistant governor Philip Lowe. The Australian Bureau of Statistics says we are saving about 10 per cent of household income, double [...]

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Posted in Money

Mortgage Exit Fees Banned

Published on December 12, 2010 by Technology Slice

Mortgage Exit Fees Banned – Treasurer Wayne Swan will announce today plans to ban mortgage exit fees – blamed for dampening competition by making it prohibitively expensive for customers to switch to cheaper loans – from July 1 next year. The Sunday Age believes the much-anticipated banking competition package also includes a plan to give [...]

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Posted in Money

10 Million Australians Use Facebook

Published on December 10, 2010 by Technology Slice

10 Million Australians Use Facebook – The social networking site released the figures as it announced that early next year advertisers would be able to target users by location as they check in to stores or restaurants. The number of users who access the site, post comments or pass on content at least once a [...]

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Posted in Internet

Wayne Swan Backs Small Banks

Published on December 10, 2010 by Technology Slice

Wayne Swan Backs Small Banks – Federal Treasurer Wayne Swan has put his money where his mouth is on the big four banks – opening an account with a credit union. Mr Swan says the big four need to understand Australians will shop around for better deals, and demonstrated his point at a credit union [...]

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Posted in Money

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