Banks and financial institutions have a variety of histories. Some are former state departments; some are founded by wealthy businessmen, however very few are directly linked to the inventor of…
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Home and car insurer Insurance Australia Group (IAG)
We are not AIG, claim IAG Australia’s largest home and car insurer Insurance Australia Group (IAG) has moved to assure shareholders and the media that it is not troubled insurance…
Competition For Australian Deposits Less Intense
The battle for deposits amongst Australian lenders seems to be petering out, with only two of the country’s top online savings accounts passing on November’s interest rate hike by the…
Federal Government To Aid Auto Finance Companies
Federal Treasurer Wayne Swan on Tuesday announced the Federal Government of Australia’s intention of propping up the beleaguered auto loan industry and in particular Ford Credit through the activation of…
Australian Car Loan Demand Continues To Slide
The slide in car finance declined during April as more mature buyers returned to car showrooms, despite the support, business applications continued to fall, after undergoing a spending spree at…
St George To Ramp Up Spending On Mobile Banking Applications
Westpac subsidiary St George says it anticipates roughly 50 per cent of all customer transactions online to be undertaken by smartphones over the next 12 to 18 months, and in…
IAG Revises Insurance Margin Guidance Downwards
Australian insurance major IAG on Monday cut guidance on its margins after its UK subsidiary incurred a loss and following the aftermath of floods and storms in Australia. Australia’s largest…
NAB Payments System Crisis Resolved
Australian banking major National Australia Bank has resolved the technology issue which has plagued the lender for the last few days which left millions of customers cashless. According to NAB,…
Sydney Mortgage Borrowers Feel The Most Stress
According to a survey by credit ratings agency Moody’s Investor Service, suburban Sydney mortgage borrowers feel the most stress related to their home loans amongst all Australians. Moody’s reviewed over…
CBA Refuses To Properly Explain Technical Prob
CBA Refuses To Properly Explain Technical Problem That Caused Internet Banking FailureAfter a technical error interrupted services, hundreds of CBA customers were unable to access their bank accounts last week.Despite…