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Westpac Launches Revamped Online Trading Platform
Australian banking major Westpac Banking Corporation has joined its rivals in improving its online trading platform as the lender gears up to grow its client based by as much as 8 per cent during 2010.
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Major Lenders Not Expected To Raise Rates Out Of Synch With RBA
Australia’s Big Four lenders are unlikely to raise interest rates in excess of the expected central bank increase in official interest rates next week, according to market analysts.
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Fixed Interest Rate Mortgage Approvals Fall To All Time Low
The level of demand for fixed interest rate mortgages has fallen to an all time record low of 1 per cent the results of a new survey suggest.
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Fourth Consecutive Interest Rate Hike Likely
Inflation is expected to be a key concern for the Australian central bank, the Reserve Bank of Australia is widely tipped to raise interest rates an unprecedented fourth consecutive time.
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Four Steps To A Debt Free Life
Australians pay billions of dollars in interest on their debt every day. Instead of letting the banks profit from our debt, all of us should be looking to make our debt burden as cheap as possible. Here are four steps to do that.
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Choice Says Credit Card Companies Treating Borrowers Unfairly
Consumer advocate group Choice says that credit card companies are hiding details on interest charged to partly paid or overdue credit card balances, and this is costing consumers unfairly.
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CBA Fund Management Unit To Begin Offering Managed Futures To Retail Investors
CBA’s asset management unit Colonial First State is combining with a London based company and will begin offering managed futures to retail investors once the exclusive domain of high net worth individuals and institutional investors.
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General Insurance Premiums Likely To Rise
Australia’s general insures say they intend to significantly raise premiums this year as they struggle to respond to a rise in the cost of claims that is ravaging the $24 billion industry’s profits.
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Westpac Increases Down Payment Requirement For First Time Home Buyers
First time mortgage borrowing customers of Westpac will now be required to fork over a minimum deposit of $37,500 to be able to qualify for an average home loan from the lender, as part of policy changes that became effective on Wednesday.
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AXA Asia Pacific Holdings Returns To Profit
AXA Asia Pacific Holdings (APH), which is the subject of a takeover battle and two rival bids has swung back into profit after experiencing a loss in the previous year.
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