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Showing 1 - 10 of 29 results for "personal credit"

ANZ to pay $57.5m to settle class action

ELIZA BAVIN  |  MONDAY, 25 MAR 2024
... against it by Phi Finney McDonald in 2021. The class action related to certain interest charged on specific ANZ personal credit cards in the period from 1 July 2010 to 1 January 2019. As part of the settlement, ANZ will pay $57.5 million, which is covered ...

Economic recap: Week to July 2

BENJAMIN ONG  |  MONDAY, 5 JUL 2021
... in the previous month. Business credit growth improved from an annual rate of minus 3.0% to minus 2.0% in May. Personal credit was also better in May (-6.4% from -7.8%) while growth in housing credit quickened to an annual rate of 4.8% in May (from 4.4% ...

Law firm summarises report AMP won't release

ELIZABETH MCARTHUR  |  MONDAY, 31 AUG 2020
... "bitch". The document deemed these comments minor harassment. The report found Pahari did give Szlakowski his personal credit card to buy drinks and did ask her to communicate with him on WhatsApp. It also found Pahari's friends made inappropriate comments ...

Law firm demands Pahari documents from AMP

ELIZABETH MCARTHUR  |  THURSDAY, 20 AUG 2020
... sexual behaviour," Bornstein said. "Similarly, the investigation accepted that Mr Pahari gave Ms Szlakowski his personal credit card, asked her to communicate with him via WhatsApp while at a private club in the early hours of the morning, but again ...

Chief economist update: Negative bang for RBA, government's buck

BENJAMIN ONG  |  THURSDAY, 10 OCT 2019
... spend - total private sector credit slowed to 2.9% in the year to August (after two rate cuts at the time) with personal credit down for the 47th month in a row to 3.5% and housing credit growth continuing to slow to 3.1%. No wonder business confidence ...

Chief economist update: Another rate cut on the cards

BENJAMIN ONG  |  FRIDAY, 14 JUN 2019
... to 2.3% in the March 2019 quarter from 2.1% in the previous three-month period and, despite low interest rates, personal credit continues to decline - down by 2.79% in the year to April from down 2.77% in the previous month (the 43rd straight month of ...

Chief economist update: No credit to the RBA

BENJAMIN ONG  |  MONDAY, 1 APR 2019
... growth in private sector credit for this sector would continue its trend decline. Even worse, annual growth in personal credit has been contracting by 41 straight months - down by 2.7% in February after contracting by 2.8% in the previous month. Personal ...

Chief economist update: RBA more likely to cut

BENJAMIN ONG  |  MONDAY, 3 DEC 2018
... 5.8% decline in Melbourne. It has a negative wealth effect. To these could be added the persistent decline in personal credit - down 1.6% in the year to October from 1.5% in the previous month. Personal credit had consistently decreased over the past ...

Chief economist update: Capex and credit and the trade war

BENJAMIN ONG  |  FRIDAY, 1 JUN 2018
... to deal with continued weakness in household consumption - the latest RBA report on credit show the decline in personal credit accelerated to minus 1.2% in the year to April (the 28th straight month of year-on-year fall) from 1% in the previous month ...

C is the key

BENJAMIN ONG  |  WEDNESDAY, 22 NOV 2017
... annual growth rate in consumer credit outstanding is 6.0%, last year it was 3.2%. This compares with Australia's personal credit growth -- or should I say, no growth - which had been registering consecutive year-on-year declines since January 2016 - ...
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