Westpac cuts its fixed rates
Westpac has cut its fixed rates on its home loans , taking its three-year interest rate to 6.44%. The bank has cut rates on its three-year...
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Showing posts with label banks. Show all posts
Showing posts with label banks. Show all posts
Access to credit just got harder
Access to credit in Australia just got more difficult, with enforcement from this week of new laws that demand greater scrutiny of borrower...
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CBA home owners will now pay an extra $88/month on home loan
Commonwealth Bank home loan customers with an average $300,000 standard variable mortgage will pay an extra $88 a month after the bank rais...
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Top 4 banks in Australia control home loans market
Statistics from the Australian Prudential Regulatory Authority reveal that the top four banks control more than 80% of the housing loan mark...
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Banks may still increase rates
The Australian Financial Review has reported that wholesale funding costs could force Australia’s major banks to move above and beyond any...
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RBA urged to hold interest rates
Raising interest rates could stifle home building according to the Housing Industry Association (HIA). The institute's chief...
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Lenders defend against exit fee accusations...
Lenders have defended their approaches to early mortgage loan exit fees following ASIC's announcement that it will crack down on high ex...
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Unfair exit fees on home loans illegal from Thursday
Tough new regulations that give the corporate regulator, ASIC, the power to take action against unfair or unconscionable mortgage loan exit...
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Mortgage lenders continue to tighten lending criteria
According to a study by RateCity, most of the lenders in Australia show no signs of easing their lending criteria. Research of more than 2,0...
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BankWest lowers its 3 and 5 yr fixed home loans
BankWest has announced it will reduce its three and five year fixed rate home loans starting today. This will bring its three years fixed...
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CBA slashes rates on its fixed home loan
CBA has become the third major bank to lower its fixed rate home loan. CBA has announced that it would take off up to 0.45% from some of its...
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St George slashes interest rate on fixed rate home loan
St George has taken 40 basis points off its two year fixed rate home loan in a bid to reposition itself as a competitive major lender. The ...
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One million Australians not served by banks
A new study by Datamonitor finds more than one million Australian consumers are not being served by traditional banking providers. The study...
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Banks face penalty fee class action
The big four banks - ANZ, NAB, Westpac and the Commonwealth, along with eight other financial institutions, are targets of a class action ...
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Banks profiting from GFC: University of Canberra
A study conducted by the University of Canberra has found that since the global financial crisis that began in mid 2008, big banks in Austra...
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Westpac customers are dissatisfied
According to a News Limited survey of 3,000 bank customers, 18% of Westpac customers are happy with their bank, while 56% of Westpac custome...
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Home loan borrowers have mixed feelings towards Big Four Banks
According to a survey conducted by BrandCentral, home loan borrowers are still more likely to take their business to the major banks, even...
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Westpac announces the end of low interest rates
The chairman of Westpac, Ted Evans, has admitted that interest rates would continue to rise independent of official RBA rate hikes for at ...
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CBA, ANZ, St.George match RBA interest rate increase
The Commonwealth Bank, ANZ and St George have matched the RBA's 25bps increase announced yesterday. Westpac and NAB are expected to do t...
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US bank lending drops
US banks posted their sharpest decline in lending since 1942 at the end of last year, suggesting that the industry's continued slide is ...
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