Aussie Personal Loans News

Westpac cautious on outlook - Aug 24, 2010
Westpac Group recorded a solid June quarter with cash earnings totalling $1.4 billion, despite slightly decreased earnings when compared to the previous quarter...

RBA chief calls for 'less exciting' finance - Aug 18, 2010
The governor of the Reserve Bank, Glenn Stevens, has issued a cautionary note on regulation of the financial sector at a speech at the University of Western Australia...

Labor outlines credit card changes - Aug 16, 2010
The Federal Government has promised new measures to protect credit card holders against being ripped off...

Govt action needed to end bank 'stranglehold' - Aug 12, 2010
Consumer groups say the Commonwealth Bank's record $5.7 billion profit is evidence the Federal Government needs to step in to improve competition...

NAB profit up, rates on hold for now - Aug 11, 2010
National Australia Bank's cash earnings for the June quarter were approximately $1.1 billion.

It says the result was largely consistent with average quarterly earnings over the first half of the 2010 financial year...

HSBC pushes into Australian SME market - Aug 09, 2010
HSBC Bank Australia has announced a major push into Australia’s business banking market with a transactional banking offering and international products and services targeting Australia’s internationally oriented small to medium enterprises (SMEs)...

Banks push loans to unemployed: report - Aug 09, 2010
You might expect the global financial crisis to have made banks more cautious when it comes to issuing debt, but a new report says Australia's banks are aggressively pushing debt onto low income earners and even the unemployed...

FOS alternative emerges - Jul 26, 2010
A large but relatively unfamiliar external dispute resolution (EDR) scheme has emerged as a competitor to the Financial Ombudsman Service (FOS)...

Record profits say it all - Jul 23, 2010
Big banks like to deflect criticism from those who question their massive profits and fee-gouging ways by playing the ''bank bashing'' card...

NAB in British mortgage blunder - Jul 23, 2010
THOUSANDS of National Australia Bank's British customers have been hit with higher monthly payments after the bank miscalculated repayments for some variable and tracker-style mortgages...

Bank rules threaten growth, warns RBA - Jul 21, 2010
THE Reserve Bank has warned that tough global regulation planned for banks threatens to constrain the pace of economic growth by driving up borrowing costs for business and home owners...

Tier-two lenders still do it tough: GE Capital - Jul 19, 2010
SMALLER lenders still find it harder to obtain funding than do the big banks, says the tier-two money lender GE Capital...

Bias towards home lending hurts SMEs - Jul 19, 2010
The bias of the Australian banking system towards home lending could prove detrimental to the financial system and economy, according to the National Australia Bank's group executive for business banking, Joseph Healy...

Home bank becomes the one with best lending deal - Jul 14, 2010
THE financial crisis has reshaped the way Australia's biggest companies view their banks, with allegiances switching to those that have money to lend...

Banks to cool on rate rises until after poll - Jul 13, 2010
BANK executives are among those hoping for an early federal poll, with many lenders feeling the squeeze of rising funding costs but unwilling to raise mortgage rates during an election campaign...


Wed, 28 January 2009
Businesses 'must work to court banks'
Businesses will have to work harder in maintaining a good understanding with their banks with only a third confident that access to finance will not change over the next year...



Wed, 04 February 2009
Rudd guarantee saves banks $800m
Australian banks may have saved at least $US500 million ($800 million) in the two months since Prime Minister Kevin Rudd's Government started guaranteeing their bonds, freeing up money to help restore finances battered by the credit crunch...



Tue, 12 May 2009
Hourly fees will deprive many of advice: PIS
The managing director of Australia’s largest dealer group, Professional Investment Services, has come out in support of the Financial Planning Association’s (FPA) guidance paper on the phasing out of commission payments to financial advisers, while at the same time questioning an hourly rate payment model...



Mon, 03 August 2009
Spooked investors reconsider emerging markets
Emerging markets may be making something of a rally, but according to the latest Lonsec Sector Review of Global Emerging Markets and Regional Equities, the past year has seen them subject to deep negative sentiment and anxiety...



Mon, 10 August 2009
World at risk of 'double dip recession'
A senior OECD official says the global financial crisis is far from over and the world faces a serious risk of another credit crunch and a double dip recession...



Mon, 17 August 2009
Don't get used to low interest rates: RBA
Reserve Bank of Australia governor Glenn Stevens has described the historically low official cash rate as an emergency measure which will be withdrawn once the emergency has passed...



Mon, 24 August 2009
ASIC wants a bigger regulatory stick
The Australian Securities and Investments Commission (ASIC) has suggested the regulatory bar confronting financial planning practices be raised, particularly with respect to licensing, claiming the benefits of increased market intervention could outweigh the deficits in terms of market efficiency...



Mon, 31 August 2009
Regulator's backflip
The Australian Securities and Investments Commission (ASIC) has finally awakened from its long hibernation and presented the Government with a blueprint to protect investors from bad financial advice...



Mon, 07 September 2009
Banks' funding guarantee on way out
THE use of the government guarantee to underwrite debt raisings by domestic banks and financial institutions in Australian credit markets is fading as credit spreads improve and investor confidence returns...



Mon, 12 October 2009
Value in stability
Investors who want to own the ultimate in secure investments, a government bond, have never had a better opportunity.

Once considered an endangered species, Commonwealth and state government debt securities have made a big comeback in the past year. And it is not that hard to buy them.



Mon, 09 November 2009
Small firms find loans harder to get
The major banks' reluctance to lend to small- and mid-sized firms has the potential to stunt the economy's recovery and leave unemployment levels high, companies say.. Businesses already complain that their banks have failed to pass on as much of the Reserve Bank's earlier rate cuts over the past year as enjoyed by mortgage holders. In addition, they report facing longer delays in obtaining new loans as banks have tightened lending criteria, slowing their ability to respond to the recent up-tick in economic activity.



Mon, 23 November 2009
Debt servicing gets harder at Christmas
Paying off debt is likely to be harder over the Christmas season and beyond as house prices rise and higher interest rates begin to bite, analysts warn...



Mon, 30 November 2009
Time for some fancy footwork
Credit card providers have special tactics to extract maximum profits from consumers. Lesley Parker exposes their methods

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