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RBA Gives Australian Banking System Thumbs Up
The Australian central bank has issued a good health report for the state of the Australian banking. The Reserve Bank of Australia (RBA) has said that the nation’s banks are better able to bear the worst of the global banking crisis than banks in many other countries.
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Bankwest To Cut 400 Jobs
Regional bank bankwest and its parent CBA have confirmed that Bankwest is to cut 400 jobs, including 250 in Western Australia.
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CBA’s Norris Says Lender Well Capitalised And In Strong Position
Australian banking major and the country’s largest lender CBA has said it is amongst the best capitalised banks globally, and is well positioned despite economic conditions deteriorating and the recession deepening.
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Macquarie May Buy Canadian Investment Firm
Domestic Australian investment banking major is allegedly in talks to acquire a Canadian investment company that specialises in the energy industry called Tristone Capital, The Age is reporting, citing newspaper reports.
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ANZ unveils China Strategy
Australian banking major ANZ released a statement Thursday saying it plans an ambitious expansion in China, increasing the number of branches and its rural lending.
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BankWest Launches Innovative High Interest Online eSaver Account
BankWest has launched an innovate new online savings account that pays a bonus rate of interest every month so long as the account holder does not run any transactions. The account known as Bankwest Smart eSaver pays a base interest rate of 3.25 per cent, with BankWest committing to pay an interest either in line or above the official cash interest rate.Depositors will be able to earn the bonus or “smart rate” of 5 per cent during any month the account holder make no withdrawals (all rates correct at time of posting).
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Four Tips For Buying, Claiming, and Paying For Insurance
Here are four tips to make the best out of your insurance deal. They help consumers get the best deals when renewing a policy, remain calm when an event occurs that is covered by a p0licy, reduce the amount that they pay to the insurer for a policy and finally avoid redundancy.
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ANZ Keen On Further Asian Expansion
Australian banking major Australia & New Zealand Banking Group (ANZ) has said that it intends to expand further in Asia through acquisition and remains sanguine on the outlook for the key Asian markets it views as being most important to it, China, India, Indonesia and Vietnam.
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Customers Stick With St. George After Westpac Merger
Westpac Banking Corporation’s decision to maintain St George as a separate unit and brand has proven to be a prescient one, with St. George reporting that there has been minimal leakage of its customer base with very few leaving for rivals.
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Six Steps For Cancelling A Credit Card
So long as consumers are aware of the issues that they should consider before cancelling a credit card, and they have an alternate card they can use, they can then go about the process of actually cancelling a card. Closing a credit card account in exactly the correct way requires time and patience. Consumers should follow the six steps detailed.
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