Aussie Personal Loans News

Financial crisis 'a bonanza' for big banks - Mar 08, 2010
The Australia Institute has picked the week of another increase in mortgage rates to launch what it claims to be a comprehensive history of the price gouging habits of the big four banks...

Rates hike: it's all uphill from here - Mar 03, 2010
The Reserve Bank has signalled more interest rate rises are on the way after it yesterday lifted the cash rate to 4 per cent...

Financial reforms off target - Feb 26, 2010
Several industry commentators have expressed concerns in recent days that the financial reforms around the world will fail to deal with the real problems that led to the financial crisis and consequent corporate collapses...

Rate rise clues awaited in business investment data - Feb 22, 2010
Key data on business investment due this week will give home owners more clues about the prospect of another interest rate rise in March...

Many Aussies 'financially unfit': survey - Feb 16, 2010
Almost a third of Australian women and a quarter of men are classed as financially unfit, despite improvements in the economy, a survey shows...

Banks in for one last slice of guarantee - Feb 15, 2010
LAST week's decision by the federal government to put a deadline on the removal of the wholesale funding guarantee as expected sparked a rush of issues by smaller lenders...

ACCC concerned about NAB bid for AXA - Feb 15, 2010
The Australian Competition and Consumer Commission (ACCC) has indicated it has greater concerns about the National Australia Bank’s (NAB’s) acquisition of AXA Asia Pacific than it did about the bid by AMP Limited...

Separation anxiety - Feb 10, 2010
The GFC has made a big impact on couples thinking about divorce

The global financial crisis may be responsible for saving a few marriages - for the time being...

Fee gouging by big banks - Feb 09, 2010
Banking with Australia’s big four banks is not a cost-effective exercise for many Australians and they could save themselves a significant amount by going elsewhere, according to new research released by InfoChoice...

Banks warned of rate 'wrath' - Feb 08, 2010
THE nation's banks have been warned they will face the ''wrath of the Australian government'' if they push up mortgage rates in the face of a decision announced yesterday to stop guaranteeing their overseas borrowings...

Rates hold-up robs banks of best-laid plans - Feb 03, 2010
THE Reserve Bank's decision to hold the official cash rate has placed the big banks in something of a dilemma...

Mortgage brokers face own industry evolution - Feb 02, 2010
Mortgage brokers have been going through an evolutionary period since the new National Credit Protection Legislation came into effect on January 1, and the challenges they face resonate with the financial planning sector...

Banks set out stalls to woo small business - Feb 01, 2010
A new battlefront has broken out between Australia's major banks to attract and hold small to medium businesses which continue to reel from the global financial crisis...

Home loans keep driving credit rise - Feb 01, 2010
Loans to the private sector grew by 0.3 per cent in December, but business borrowing continued to fall...

Choice study names unfair credit card companies - Jan 25, 2010
Hidden details about the interest charged on partly-paid or overdue credit card balances is unfairly costing customers, consumer advocate group Choice says...


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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