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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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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Interest Rate Comparison Site Swamped

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 [...]

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Retail Sales Down As Shoppers Buy Online

Published on October 13, 2010 by Technology Slice

Retail sales have been on the decline recently but this doesn’t necessarily mean consumers are holding onto their money. Soppers are making more purchases online instead of in the traditional way. As time goes on consumers are getting more adept at making purchases online. They buy their products from websites such as ebay and the [...]

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Banks Lend Pensioner $70,000

Published on August 19, 2010 by Technology Slice

Banks Lend Pensioner $70,000 – Pauline Stubbs says she only discovered her husband Alec’s extraordinary line of credit – and $36,000 debt – when opening his mail while he was being treated for cancer in hospital. “I nearly died,” Mrs Stubbs said. “How in the hell could they think a pensioner could really afford this? [...]

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