Tag: Finance

ASIC will take on supervisory responsibility for Australia’s domestic licensed financial markets from 1 August 2010, The Government announced yesterday.

The financial services industry has well and truly shrugged off the global financial crisis, with employer confidence at its highest level in close to a decade.

The Reserve Bank of Australia’s decision to hold interest rates at 4.5 percent is welcomed by home owners still struggling after the sharp increases in interest rates earlier this year.

Accounting and business advisory firm, Hall Chadwick, has established a link with China’s biggest domestically owned accounting firm, ShineWing Certified Public Accountants.

The ACCC has granted interim authorisation Suncorp Metway and the Bendigo Bank to not charge each other’s cardholders a fee for transactions at ATMs they own.

Prospects for small businesses appear to be looking up post-GFC in Australia, yet the attitudes held by business owners towards banks has not recovered.

The Financial Services Institute of Australasia (Finsia) has launched a new Financial Services Professional credential (FSP), a world first that will increase the standard of financial professionals.

Clive Peeters has been found to be unprofitable in one third of its stores, with six Clive Peeters stores closing their doors today at the request of receivers PPB.

A new customer financing arrangement has delivered more than half a million dollars worth of business to Brisbane-based telecommunications provider Comscentre within its first three months.

National Australia Bank (NAB) through it’s wholly owned subsidiary Great Western Bank (GWB) has announced the acquisition of the failed TierOne Bank (TierOne) from the Federal Deposit Insurance Corporation (FDIC) for a cash payment of approximately US$76 million.