Last updated: August 25, 2010

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Latest stories

'Strong competition' in banking market

THE 'four pillars' banking structure allows for sufficient competition, RBA governor Glenn Stevens says.

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Westpac must pay for bounced cheques

COURT orders Westpac to pay a former real estate agent $50,000 for wrongly bouncing his cheques.

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Banks reap profits from booming deposits

BANKS bask in 20pc boost in household deposits since credit crunch's darkest days, figures show.

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Top stories

Branson returns to play cards again

richard branson

VIRGIN Money returns to Australia, two years after pulling plug on 800,000 credit card customers.

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'Useless' reward schemes dupe spenders

Credit cards th

SOME credit card fees are higher than reward offers, sucking in the gullible, experts warn.

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Seven banks fail EU banking stress tests

bank vault

PRESSURE on governments to announce how they will shore up banks that failed the tests but raising funds will be difficult.

Banks at war over super profit claims

CBA CEO Ralph Norris

COMMONWEALTH Bank chief criticises National Australia Bank for accusing it of making "super profits" in mortgage lending.

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Banker's $9m - for being the second best

cash

BIG reward for missing target as Aussies reveal they'd support a super-profits tax on the banks.

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Australians want a tax on bank profits

banks

A TWO-to-one majority of Australian voters want the super profits tax extended to big banks.

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