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 [...]
Tags: anger, Australian Competition, australians, Banking Sector, banks, Building Societies, Competition Package, Credit Unions, Do The Right Thing, Exit Fees, Fifth Pillar, interest rates, July 1, Lenders, Mr Swan, Rivals, Swan, Teeth, Treasurer Wayne, Wayne Swan
Posted in Money
Published on November 27, 2010 by Technology Slice
NAB Glitch Is Still Not Fixed – NAB carried out remediation work overnight to complete payment and transaction processing from yesterday morning’s disruption, and these transactions have now been processed. But some payment processing originated yesterday had been delayed, including payments made to NAB customers and some payments from NAB to other banks’ customers. NAB [...]
Tags: Apologised, Atm, Bank Customers, banks, Cameron, Centrelink Payments, Chief Executive, Customer Payments, Disruption, Electronic Banking, Glitch, nab, National Australia Bank, Payment Processing, Remediation Work, Sorry For The Inconvenience, Spike, Traffic, Transaction Processing, Yesterday Morning
Posted in Money
Published on November 23, 2010 by Technology Slice
Interest Rate Comparison Site Swamped – Financial comparison sites say they’ve noticed a significant jump in traffic to their sites in the last month, attributing it to the big four banks rising their interest rates by almost double that of the RBA. One financial comparison site said it had noticed an 80 per cent jump [...]
Tags: Australia, australians, banks, Impetus, Interest Rate Comparison, interest rates, Managing Director, Money, Rba, Rohan, Summary Tables, Traffic, virgin
Posted in Money
Published on October 28, 2010 by Technology Slice
ANZ Profit Passes $5 Billion As Banks Cry Poor – ANZ chief executive Mike Smith said today that the Australian economy was running at multi-speeds, but was becoming ‘‘more normal’’. The bank expects corporate lending volumes to rise in the first half of fiscal 2011. Advertisement: Story continues below ‘‘Corporates can’t sit on cash… They [...]
Tags: 12 Months, Advertisement, anz, Asia Pacific Operations, Australian Economy, Australian Securities, banks, Cash Profit, Chief Executive, Consensus Estimates, Corporates, Dividend, Interest Margin, Jump 5, Mike Smith, Mr Smith, Net Income, Net Interest, Securities Exchange, Shareholders
Posted in Money
Published on July 15, 2010 by Technology Slice
Many Affected By The BP Oil Spill – Financial institutions whose customers are affected by the BP PLC oil spill should try to expedite loans, ease credit terms and consider waiving late fees and penalties, U.S. banking regulators said Wednesday. The announcement, made by the Federal Reserve and all the other U.S. banking regulators, comes [...]
Tags: Anticipation, Atm Fees, banks, Borrowers, Bp, Bp Oil Spill, Bp Plc, Credit Losses, Economic Damages, Enough Money, Federal Reserve, Financial Institutions, Gulf Coast Residents, Hurricanes, Late Fees, Loan Fees, Measures, Payment Charges, Receipt, Regulators
Posted in World
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