Category: News

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…

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,…

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…

The latest retail forecasts are projecting that Australians will spend approximately $32 billon over Christmas, with the average spend per person estimated to be $1200. The forecast represents an increase…

Pengana Capital, a hedge fund group backed by Australian banking major National Australia Bank (NAB) says its profits more than halved during the global financial crisis. Net profit for the…

Sir Richard Branson’s Virgin Money, part of his Virgin Group intends provide robust competition to the Big Four banking groups in Australia, and is launching a car insurance product followed…

JP Morgan says it intends to be the first Wall Street bank to issue Kangaroo bonds since Lehman Brothers collapsed in 2008. Kangaroo bonds are bonds denominated in Australian dollars…

Australian Banking major ANZ says it wants to take advantage of the opportunities that have arisen from the financial crisis and grow its business in Asia with the plan of…

Australians holding mortgages can expect as many as three further cuts in interest rates during the year according to NAB. NAB is predicting the central bank will cut official interest…

Inflation remained under control during the final quarter of 2012 largely as a result of falling prices of vegetables and medicine, which gives the central bank room to cut interest…