Australian banking major and the nation’s third biggest bank Commonwealth Bank of Australia (CBA) announced on Thursday a nearly 1000 per cent increase in bad debt provisions contributed by its recent acquisitions Bankwest.
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The Federal Government plans to oversee more carefully, the fees that retail investors must bear when purchasing or investing in superannuation investment products.
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Australian banking major, Australia & New Zealand Banking Corporation (ANZ) The fourth largest bank in Australia reported first half earnings on Wednesday and failed to meet the market expectation, reporting instead a 43 per cent decline in first half profits on the back of its provisions of bad and doubtful debt having doubled.
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Reports are emerging that Sir Rod Eddington, may decline the Chairmanship of Australian banking major ANZ. The Australian, in its report suggested that Sir Rod, who had intended to join the board of ANZ as soon as July and then adopt the role of Chairman sometime next year is now in two minds.
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Three of Australia’s Banking majors will be reporting their first half results over the next few days, with analysts expecting Australia’s largest bank by market capitalisation, Westpac Banking Corp, to outperform its 3 other rivals.
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Kevin Rudd’s Government has signalled its intention to make it easier for borrowers who lose their jobs to stay in their homes as it plans a full review of existing consumer credit laws.
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Australian banking major, National Australia Bank (NAB) says that it thinks competition in pricing for fixed rate home loans is set to escalate into a full blow price war, despite all four major Australian banks having raised interest rates for fixed rate mortgages this month.
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Japanese brewing major, Kirin has signalled its intention to be a major player in the Australian beverage industry, after announcing a bid for the second largest brewing group in Australia Lion Nathan.
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During a recession or when times are hard. The promises held by debt settlement sound quite appealing. After all why shouldn’t one settle their debt for cents on the dollar?
Before trying to reach a settlement with a lender for less than is really owed, consumers should think about the consequences and not hold any misconceptions. Here are eight commonly held misconceptions borrowers should eliminate before negotiating a settlement
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Australian Super Funds have seen their first monthly investment gains since August 2008 on the back of a global rally in equities which has occurred over the last five weeks. Gains at some super funds were paired due to a stronger Australian Dollar and unlisted assets which had to be revalued.
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