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| | | The Reserve Bank today gave homeowners an early Christmas present by effectively putting off an interest rate rise until well into next year. In its quarterly statement on monetary policy released today, the bank cheered those holding a mortgage by ... |
| | | | GE Money Australia and New Zealand (GE Money) has acquired the Australian Financial Investments Group (AFIG), parent company of Wizard Home Loans (Wizard), from ABN AMRO. Wizard has continued to grow under ABN AMBRO offering financial solutions for ... |
| | | | ... finance. Fifth Third's $35 billion of assets includes shares in both banks. "Bankruptcies are down, deposit growth and credit card income is strong, and delinquencies are down." Bank stocks declined on Thursday. In afternoon trading, Citigroup shares ... |
| | | | Commonwealth Bank of Australia (CBA) is trying to lure more people to its top-end credit card by offering free business and first class flights. Australia\'s second biggest bank said travellers booking business or first class flights using their platinum ... |
| | | | ... each in bank fees, a new study has shown. The Reserve Bank study showed banks reaped $8.7 billion from skyrocketing credit card fees and other charges. Bank fees paid by households rose 15% last year, outstripping a 10% rise in business fees. But two-thirds ... |
| | | | ... moratorium on raising fees would be going too far. "We're still unwinding some cross subsidies in the system of which the credit card is the latest example," he told the Nine Network's Business Sunday program. "So I don't think you can be that categoric ... |
| | | | Home lending picked up again in March to take annual growth to a new record high, new figures showed today, increasing the risk of an interest rate rise in coming months. Reserve Bank figures showed home lending jumped 2.1 per cent last month, from ... |
| | | | Australians are continuing to borrow heavily for homes and run up debts on their credit cards with new figures out on Friday putting pressure on the Reserve Bank to lift interest rates. The Reserve Bank board meets tomorrow, a month after deciding against ... |
| | | | ... debit card scheme regulated, prompting an angry response from Visa. The RBA said it had imposed an Access Regime on credit card schemes, completing its plan to allow non-banks organisations to apply to the finance regulator, the Australian Prudential ... |
| | | | Australia's Christmas credit card binge hit record levels in December as consumers ignored rising interest rates in favour of spending up big, figures released today show. Australians put an all-time record $14.68 billion on the plastic in December ... |
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