Australian Car Loans Info News

Westpac cautious on outlook - Aug 24, 2010
Westpac Group recorded a solid June quarter with cash earnings totalling $1.4 billion, despite slightly decreased earnings when compared to the previous quarter...

RBA chief calls for 'less exciting' finance - Aug 18, 2010
The governor of the Reserve Bank, Glenn Stevens, has issued a cautionary note on regulation of the financial sector at a speech at the University of Western Australia...

Labor outlines credit card changes - Aug 16, 2010
The Federal Government has promised new measures to protect credit card holders against being ripped off...

Govt action needed to end bank 'stranglehold' - Aug 12, 2010
Consumer groups say the Commonwealth Bank's record $5.7 billion profit is evidence the Federal Government needs to step in to improve competition...

NAB profit up, rates on hold for now - Aug 11, 2010
National Australia Bank's cash earnings for the June quarter were approximately $1.1 billion.

It says the result was largely consistent with average quarterly earnings over the first half of the 2010 financial year...

HSBC pushes into Australian SME market - Aug 09, 2010
HSBC Bank Australia has announced a major push into Australia’s business banking market with a transactional banking offering and international products and services targeting Australia’s internationally oriented small to medium enterprises (SMEs)...

Banks push loans to unemployed: report - Aug 09, 2010
You might expect the global financial crisis to have made banks more cautious when it comes to issuing debt, but a new report says Australia's banks are aggressively pushing debt onto low income earners and even the unemployed...

FOS alternative emerges - Jul 26, 2010
A large but relatively unfamiliar external dispute resolution (EDR) scheme has emerged as a competitor to the Financial Ombudsman Service (FOS)...

Record profits say it all - Jul 23, 2010
Big banks like to deflect criticism from those who question their massive profits and fee-gouging ways by playing the ''bank bashing'' card...

NAB in British mortgage blunder - Jul 23, 2010
THOUSANDS of National Australia Bank's British customers have been hit with higher monthly payments after the bank miscalculated repayments for some variable and tracker-style mortgages...

Bank rules threaten growth, warns RBA - Jul 21, 2010
THE Reserve Bank has warned that tough global regulation planned for banks threatens to constrain the pace of economic growth by driving up borrowing costs for business and home owners...

Tier-two lenders still do it tough: GE Capital - Jul 19, 2010
SMALLER lenders still find it harder to obtain funding than do the big banks, says the tier-two money lender GE Capital...

Bias towards home lending hurts SMEs - Jul 19, 2010
The bias of the Australian banking system towards home lending could prove detrimental to the financial system and economy, according to the National Australia Bank's group executive for business banking, Joseph Healy...

Home bank becomes the one with best lending deal - Jul 14, 2010
THE financial crisis has reshaped the way Australia's biggest companies view their banks, with allegiances switching to those that have money to lend...

Banks to cool on rate rises until after poll - Jul 13, 2010
BANK executives are among those hoping for an early federal poll, with many lenders feeling the squeeze of rising funding costs but unwilling to raise mortgage rates during an election campaign...


Wed, 28 January 2009
Getting loan now big hurdle
DOZENS of Australia's biggest companies must refinance this year, leaving them vulnerable to the health of credit markets and the ability of Australian and international banks to lend...





Wed, 04 February 2009
Saving the nation
THE ailing economy has been supercharged against recession with the Government unveiling a massive $42 billion stimulus package and the Reserve Bank slashing interest rates by another 1 percentage point...



Tue, 31 March 2009
Financial News Headlines


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Australian arm of GE Capital swells losses

Finance, 31 Mar :: THE losses for an Australian finance arm of the global giant General Electric have deepened as interest rates moved against it, triggering a blow-out in financing costs... read more

Home loan borrowers dump brokers

Home Loans, 31 Mar :: Less-complicated products and fewer lenders raise questions about the value of mortgage specialists. The domination of the big banks in the home loan market over the past year and fewer products on offer have led home buyers to question whether there is any point in using a mortgage broker... read more

Questions over hefty super exit charges

Superannuation, 31 Mar :: People who want to get out of poorly performing funds may find there's more pain ahead. Investors wanting to get out of underperforming superannuation funds and managed investments are finding many of them have high exit fees... read more

Be prepared - it pays

Financial Planning, 31 Mar :: PREPARING for the unexpected has never been more important. We have been comforted by a 16-year golden period of economic growth... read more

Yield of dreams: hand-picking the right fund

Investment, 31 Mar :: Amid the sharemarket turmoil, some sectors have still thrived, writes David Potts. Managed funds haven't been all bad in the past year... read more

Shares drop most in 4 weeks

Sharemarket, 31 Mar :: The Australian share market has closed lower, pulled down after the US government spooked investors by taking a harder line on two US car makers and by weaker commodities prices



Mon, 03 August 2009
Stocks post best month in nine years
The Australian share market has posted its largest monthly gain in nine years on the back of a resurgent financial sector...



Mon, 10 August 2009
ASIC to flag changes to planner remuneration
The Australian Securities and Investments Commission (ASIC) has signalled it believes changes are necessary to planner remuneration...



Mon, 17 August 2009
Split banks, Senate told
AS OFFICIAL figures confirmed that Australia's banks have all but displaced other mortgage providers, a leading competition expert has told the Senate the competition regulator should take court action to force Commonwealth Bank to sell BankWest, and Westpac to sell St George...

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
Suncorp stays solo in insurance battle
SUNCORP will go it alone rather than partnering either Woolworths or Coles as part of its plan to defend its 30 per cent of the insurance market against a much-mooted and large-scale entry by the two leading retailers...



Tue, 13 October 2009
Personal loans top $7 billion in August
Monthly demand for personal loans other than mortgages topped the $7 billion mark for the first time in 18 months in a further sign of growing confidence in the economy...



Mon, 23 November 2009
Clients growing wary of in-house products
Research conducted by Perpetual has found that clients are becoming wary about advisers recommending 'in-house' financial products and funds...



Mon, 30 November 2009
Time for some fancy footwork
Growing consumer confidence at a time of rising interest rates could prove an unfortunate mix if Australians resume their love affair with credit.

There has been a lot of talk about the growth of debit cards (the plastic that uses your own money) at the expense of credit cards in the past year amid the global financial crisis.

But analysts say debit cards, while increasingly popular, are being used for smaller transactions and credit cards still dominate in dollar terms. Reserve Bank statistics released last week show credit card debt is actually higher than a year ago. According to the RBA, there were 14.4 million credit and charge cards out there in August and we used them for $18.9 billion in purchases and cash advances.

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