Last updated: February 25, 2011

Weather: Adelaide 20°C - 33°C . Fine. High cloud.

Latest stories

'Prepare for more interest rate pain'

RISING house prices and credit demand could sway the RBA to lift its official cash rate next week.

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Top ways to cut your bank fees

A FEW simple changes to your banking habits can add up to big savings, write David and Libby Koch.

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Want a 100pc mortgage? Not likely

INQUIRIES for 100 per cent home loans have surged 250 per cent since the Federal Government's more generous first home owners grant ceased at the end of last year.

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Top stories

Consumers win as big banks declare war

WESTPAC 1H

IT'S the news mortgage-holders have been waiting for:  the first signs of a competition war between the big banks.

Now NAB turns to ANZ in banking fight

National Australia Bank

BANK has cranked up its battle with rivals banks another notch, this time claiming its customers have saved $150 million over those at ANZ.

NAB gets Kelly keen to enter fray

Gail Kelly

WESTPAC has signalled that the group will staunchly resist National Australia Bank's home loan onslaught.

NAB' to launch online mortgage

National Australia Bank

NATIONAL Australia Bank is set to start selling low-cost home loans through its online business UBank.

Westpac cuts fees as NAB declares war

National Australia Bank

NATIONAL Australia Bank calls off relationship with major lenders as Westpac follows rival's example by scrapping hated exit fees.

NAB's exit fee plan triggers mortgage war

NAB

BANK'S aggressive move to poach customers from rivals set to spark raft of cheap home loan deals as big four battle for business.

Bank chief sounds warning on fee hike

NAB

NAB chief claims that political pressure to shake up the Australian banking industry would be bad for customers.

Which big bank is our favourite?

Westpac

CUSTOMER satisfaction with the big four has waned since last year but one still gets the thumbs up.

ASIC backs portable bank accounts

banks

BANK accounts as portable as mobile phone numbers are a "very good idea" that would promote banking competition.

Access to credit just got harder

Australian Currency

ACCESS to credit has become more difficult with enforcement from this week of new laws that demand greater scrutiny of borrowers from credit card, mortgage and personal loan providers.

One million Aussies want to switch banks

home loans

HOMEOWNERS deserting big banks in droves as anger over mega profits continues to grow.

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David & Libby Koch: Fight bank fees

David and Libby Koch

DAVID and Libby Koch revisit some of their best tips for getting your banking costs under control.

Bank reforms 'won't guarantee rates drop'

Bill Shorten

ASSISTANT Treasurer warns there is no guarantee interest rates will go down on the back of reforms.

Reserve Bank unveils bank liquidity facility

RBA

THE RBA and APRA will offer banks a secured liquidity facility to help them comply with the new Basel III requirements.

We saved Australia from GFC - bank boss

NAB

BANKS and their billion-dollar profits protected us from the global financial crisis, a CEO says.

5 comments on this story

Money Guides & Tools

Slash bank fees

NOBODY wants to pay more bank fees than necessary.

Resolve bank dispute

BE firm but polite when trying to resolve a dispute with your bank.

Personal loan

PERSONAL loans are best suited to big-ticket items that will be paid off over the short term.

How to choose an account

VIEW rates over various terms and amounts.

Compare credit cards

COMPARE credit cards' fees and features.

Savings plan

SEE how much you can save over time if saving regularly.

Banks lash out at Treasurer's reform plan

wayne swan

ROLL call of Australian banking executives has joined the attack directed at elements of Treasurer Wayne Swan's industry reforms. 

CBA chief: Why I'm worth $16.2 million

Ralph Norris

AUSTRALIA'S highest paid boss says he's only half a chance to collect his full pay package.

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Bank competition very strong - CBA

Ralph Norris

CBA chief executive Ralph Norris tells a Senate inquiry that competition in Australian banking is very strong.

'Exit fee ban equals higher interest rates'

House

THE scrapping of mortgage exit fees will lead to higher interest rates from smaller lenders, non-bank lenders say.

'Bank failure in Australia is inevitable'

Bank

A BANK or other Australian lender will close no matter how regulators act, says leading business analyst.

1 comment on this story

Fifth banking pillar a joke - Aussie John

John Symond

AUSSIE Home Loans founder slams government campaign to break the power of big banks.

'Exit fee ban would push up rates'

Mortgage Reflief plan

THE scrapping of mortgage exit fees will lead to higher rates from smaller lenders, the lobby group for non-bank lenders says.

Treasurer 'needs to go further on banks'

Wayne Swan

CONSUMER group Choice tells banking inquiry it wants Treasurer Wayne Swan to do even more to improve competition.

CBA 'sorry, fixing computer glitch'

CBA

CUSTOMERS, businesses left without cash, hit by bank's late processing of accounts.

Aussie banks 'need better liquidity' - APRA

banks

APRA says banks must help strengthen liquidity requirements given they needed government help during the financial crisis.

Swan's reforms a boost for Big Four

Wayne Swan's reforms help Big Four banks

INVESTORS have delivered a stinging rebuke to Wayne Swan's banking reforms, buying up shares in the big four.

Business News

Cleanseas' fingerling success

CLEAN Seas Tuna's southern bluefin tuna fingerlings have reached 34 days without facing the problems encountered in the past two years.