Car Loans Australia News

Business bears brunt of interest margin increase - Mar 15, 2010
A Reserve Bank report estimates the major banks have enjoyed a 20 to 25 basis point increase in interest margins during the financial crisis...

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...

The dark side of credit - Jan 21, 2010
In this post-Christmas period, many people will be worried about their debts and some - including businesses - may already be under pressure from debt collectors...

Shareholders lose, banks win in new law - Jan 20, 2010
In a big win for the banks, the Federal Government will draft laws to reverse the effect of a High Court decision that protected the rights of shareholders in the event of a corporate collapse...

Business lending bounce an 'encouraging sign' - Jan 19, 2010
Economists say there are good grounds for anticipating a sustainable economic recovery, after a jump in business borrowing...

Over-regulation could 'kill banking' - Dec 21, 2009
A respected economic scholar is warning that some plans to regulate banks in the wake of the credit crash would kill lending and be disastrous...

Small businesses want action on finance woes - Dec 21, 2009
While Treasurer Wayne Swan has been critical of Westpac for gouging mortgage customers, small businesses say the Government has been silent on their treatment...

AMP and NAB go head-to-head - Dec 21, 2009
AMP will seek talks with France's AXA SA to gauge its commitment to an agreement that locks the two in as partners for an attempted move on AXA Asia Pacific, even after the pair were trumped last week by National Australia Bank...

RAMS group butts heads with bankers in court - Dec 16, 2009
THE listed vehicle holding old RAMS home loans, RHG, is fighting a court ruling to pay a German lender $10 million, while facing a separate court action from the same lender alleging a default on $300 million in notes...

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