Latest Australian Finance News from Money-Au.com.au
- Latest Finance News
- Featured News Articles
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- 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. - Read more featured finance news articles
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Credit provided by HSBC Bank Australia Limited ABN 48 006 434 162. Fees, charges and lending criteria apply. Terms and conditions apply and are available on request. Offer available for completed HSBC Low Rate Credit Card applications. HSBC cardholders who have previously cancelled the same card type as the new HSBC card they are applying for may not be entitled to any promotional offers.
*Interest rate on balance transfers applies for the first six months and is limited to the first balance transfer request per account from other store cards or non-HSBC credit cards. After this period, any balance outstanding from the Balance Transfer will accrue interest at the Interest Rate for Cash Advances, currently 19.99%p.a. (Rates subject to change).
** Annual card fee of $49 p.a. will apply after 12 months
~HSBC may allocate payments we receive from you to pay the total amount owing in any order we see fit, including applying any and all payments made to your HSBC credit card account to reduce the balance(s) transferred first and then to any subsequent purchases.
^ Depending on when you make your purchase, when your statement is issued and whether or not you are carrying forward a balance on your account from the previous statement period. There are no interest free days for cash advances or balance transfers.