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Latest Australian Finance News from Money-Au.com.au

• Latest Finance News
• Featured News Articles
• Personal Finance Hints and Tips

• Second Tier Banks Still Losing Depositors to Australian Banking Majors
• Australian Banks Criticized For Not Passing On Rate Cuts To Businesses
• Australians Put Record Amounts Into Term Deposits During 2008
• NAB Prices US Dollar Bond Issue
• International Banks Beat Retreat from Australia Causing Shortfall in Australian Corporate Lending
• Speculation Over Whether NAB Plans To Sell It’s UK Units
• Australian Income Inequality Massive Despite Household Wealth Rising
• Australian Banks Minting Fees From Consumers
• Deutsche & Citi Dropped From Australian Interbank Rate Setting Group
• Class Action Lawsuit Filed Against ANZ Over Opes Prime

• Second Tier Banks Still Losing Depositors to Australian Banking Majors
  Midsized Australian financial institutions continue to lose deposits to Australia’s Big Four Banking groups. Though The Federal Governments deposit guarantee has slowed the transfer of deposits from smaller banks to larger banks, the trend continues.
• International Banks Beat Retreat from Australia Causing Shortfall in Australian Corporate Lending
  Major international banks are scaling back their lending to Australian corporations in the wake of the global credit crisis as they retreat to their domestic markets and the Australian Federal Government loan guarantee continues to divide the banking sector.
• Australian Banks Minting Fees From Consumers
  The Australian Prudential Regulatory Authority (APRA) published new research last week showing that in the year to June financial institutions accrued income from fees and commissions totalling A$ 22.6 billion. The amount represented at least a ten per cent increase in fee and commission based income from the previous year which amounted to A$ 20.48 billion.
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• Aussies 'turning cents into dollars with savings'
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