Australian Car Loans Info News

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...


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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