Published on December 19, 2010 by Technology Slice
Banks Are Still Optimistic – Often criticised for not fronting up to the public, Australia’s bank bosses have been almost inescapable in one of the industry’s biggest weeks in recent memory. Bashed by Canberra, the media and their customers, senior executives of the big four banks got a chance to retaliate. Three of the four [...]
Tags: anz, Bank Bosses, Bank Executives, Building Societies, Canberra, Chief Executives, Committee Inquiry, Commonwealth, Credit Unions, Glut, Messrs, Mike Smith, nab, Public Appearances, Ralph Norris, Senate Committee, Senior Executives, Treasurer Wayne, Wayne Swan, Westpac
Posted in General
Published on December 16, 2010 by Technology Slice
NAB CEO Blasts Critics – National Australia Bank chairman Michael Chaney has lashed out at much of the criticism levelled at the banking industry on mortgage rates, calling it “unjustified and unfair”. The former Wesfarmers boss has sought to defend the sector from “bank bashing” saying many of the arguments about a lack of competition [...]
Tags: Annual Shareholders Meeting, Australian Banks, Bank Regulators, Banking Industry, Blasts Critics, Boss, Ceo, Chairman Michael, Global Financial Crisis, Michael Chaney, Mortgage Rates, nab, National Australia Bank, Profits Tax, Public Criticism, Senate Inquiry, Swan, Treasurer Wayne, Wayne Swan, Wesfarmers
Posted in Money
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 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 [...]
Tags: Advertisement, australians, brisbane, Building Blocks, Building Societies, Credit Union Australia, Credit Unions, Electorate, Federal Treasurer, Financial Institution, Magic Solution, Money, Mr Swan, Regional Banks, Silver Bullet, Swan, Toombul, Treasurer Wayne, Wayne Swan
Posted in Money
Published on November 10, 2010 by Technology Slice
Unemployment To Drop To 4.5 Percent – Treasury believes the budget is on track to return to surplus as promised, pencilling in an underlying cash balance of $3.1 billion in 2012-13, up from the May budget forecast of $1 billion, and marginally down from the pre-election forecast of $3.5 billion. Advertisement: Story continues below The [...]
Tags: 1 Billion, Advertisement, budget, Business Investment, Cash Balance, Economic Growth, economy, household, Swan, Treasurer Wayne, Treasury, unemployment rate, Wayne Swan
Posted in Money
No Comments