Banks

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Finance • 10 AUG 2011

Banks move to cut rates

Just one day after the Commonwealth Bank announced it would cut the interest on some of its fixed rate products, a number of other lenders have decided to jump on the...

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Finance • 07 JUN 2011

Banks push unnecessary loans

More than half of bank staff say they have seen customers steered towards financial products that they may not need, in order to reach sales targets, a new survey has...

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Finance • 18 MAY 2011

Banks' hold on mortgage market tightens

Australia’s big banks are dominating the home lending space, sparking renewed concerns about the competitiveness of the mortgage market.

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Finance • 29 MAR 2011

Scepticism over banks reigns

The price war between Australia’s major banks has been met with scepticism by Australian investors and home buyers, a new survey has found.

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Finance • 18 MAR 2011

Brokers beat banks on customer satisfaction

Borrowers who use mortgage brokers are more satisfied with their home loan than those who don’t, new research has found.

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Finance • 09 MAR 2011

Buyers choose non-banks

Increasing numbers of investors and home buyers are choosing non-bank lenders to finance their property purchases, sales figures from mortgage broking group AFG have...

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Finance • 30 DEC 2010

One million Aussies look to switch banks

Making headlines today, The Herald Sun has reported that more than one million Australians are looking to switch their mortgage to another financial institution.

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Finance • 08 DEC 2010

Banks will toe RBA line: AMP

The Reserve Bank's decision to leave rates on hold for the remainder of 2010 is unlikely to be undermined by out of cycle bank rate hikes.

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Finance • 20 NOV 2010

Smaller banks reveal their hand

One week after the majors announced their rate movements Australia’s second tier lenders have revealed their new home loan rates.

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Finance • 18 NOV 2010

Provident Capital undercuts big banks

Yet another non-bank lender has revealed its plans to offer borrowers a competitive alternative to the big banks.

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Finance • 05 NOV 2010

Politicians get tough on banks

A volcano of fury and frustration has erupted over the lack of competition in the banking sector, prompting political promises to toughen the regulation of the big...

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Finance • 05 NOV 2010

Looking past the big banks

News that the Commonwealth Bank of Australia (RBA) has increased its mortgage rate by 0.20 per cent, over the Reserve Bank of Australia’s (RBA) 0.25 per cent rate...

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Finance • 24 SEP 2010

Big four banks predict October rate rise

CBA has joined NAB, ANZ and Westpac in predicting an October rate rise.

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Finance • 31 AUG 2010

Banks have too much power: poll

Australian consumers overwhelmingly believe the big banks have too much power, research has found.

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Finance • 27 AUG 2010

More banks drop fixed rates

ANZ, NAB and Suncorp have dropped their fixed mortgage rates off the back of similar moves by other lenders this month.

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Finance • 03 AUG 2010

Big banks fail to please consumers

An extensive study of consumer experience outcomes has found Australian consumers are largely unsatisfied with their banking experiences.

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Finance • 21 JUL 2010

Banks may move above RBA

Australia’s major banks will look to hike their interest rates even if the Reserve Bank of Australia (RBA) doesn’t increase the official cash rate, Loan Market...

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Finance • 06 JUL 2010

Non-banks push for market share

Non-bank lenders are stepping up their attack on Australia’s banks, with many of the lenders slashing the interest on their standard variable rate products.

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