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…
Category: Banking
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International Banks Scale Back Australian Commercial Property Exposure
As many as 22 domestic subsidiaries of international banks have signalled their intention to retreat or reduce their exposure to Australian commercial property loans according to a lobby for the…
Foreign Banks Clash With Australian Lenders over Federal Deposit Guarantee
The Federal Government deposit guarantee has resulted in a conflict of interest between foreign financial institutions and the Big Four domestic Australian lenders. International banks operating in Australia said that…
Australian Banks Deny Gouging Customers With Mortgage Lending Rates
Australian Banks Deny Gouging Customers With Mortgage Lending RatesThe Australian Bankers Association says that claims that lenders are gouging their customers with their mortgage lending rates are “manipulated”. The ABA…
Big Four Australian Banks Continue To Be Highly Profitable Despite Financial Crisis
Australian banks continue to be some of the most highly profitable financial institutions globally, ending the year relative to their peers on a high note, with three of the Big…
Australian Banking Majors Rank At The Bottom Of Customer Satisfaction Survey
Customers of the Big Four banking groups have expressed the lowest customer satisfaction levels in Australia, with most account holders being too ambivalent to switch to a different service provider,…
All Four Australian Banking Major’s Profits To Take A Beating in 09 & 10
The Big Four Australian lenders may see their full year earnings decline by as much as ten per cent as bad debts begin to mount and increase by up to…
NAB Once Again Experiences Technical Problems With Online Banking
NAB Once Again Experiences Technical Problems With Online BankingThe internet banking portal of Australian banking major National Australia Bank is once again experiencing technical difficulties and has crashed, weeks after…
Australians Increasingly Using Tablets And Smartphones For Banking
Over the next half decade, Australians will increasingly prefer to do online banking using their tablets and smartphones as opposed to the traditional PC says Jason Yetton wh runs retail…
HSBC Predicts Five Rate Hikes By The End Of 2011
Global banking giant HSBC has upgraded its Australian economic growth forecast, but also says it expects that interest rates will rise by at least 100 basis points during 2011. On…