Tag: Bankers

The Federal Government has removed the bank large deposit and wholesale funding guarantee established to stabilise banks due to the Global Financial Crisis.

Consumers are electing to stay with their current bank due to costs and barriers to exit in place to keep them with the institution a new report has found.

You may have noticed a savings account war being waged, in recent weeks, in the streets of Bankland. Fights have broken out over the highest “special” rates, the most user-friendly conditions, and even – to a lesser extent – over the base rates. It’s good news for savers — but is it good news for small business?

The workshops, valued at $2,500 per participant but free to customers, begin 17 March at 24 locations across Australia. The workshops will be held in local community locations to provide convenient access and networking opportunities to participating businesses.

Mutuals (combined credit unions and building societies) are considered the least secure segment for retail deposits in Australia, despite the Federal Government guaranteeing deposits up to $1 million held by an Australian Deposit-taking Institution (ADI).

The culture of banking executives bringing home big salaries and bonuses while taking excessive risks with investors money may be a thing of the past if the APRA’s chairman John Laker gets his way. In a speech today in Melbourne, the chairman the Australian Prudential Regulation Authority has made clear that the current system of […]