The End of High Interest Savings Accounts
A new global banking standards is expected to make high interest online savings accounts too expensive for Australia’s banks, according to assistant RBA Governer Guy Debelle. They will not be...
View ArticleCBA Cuts Rates, Westpac and ANZ May Follow
The Commonwealth Bank (CBA) has announced that it is lowering its borrowing rates to 40 basis points effective Friday, May 11. The CBA is the second bank to do this in a span of a week, following...
View ArticleWestpac Chief: Cooperate With Gillard
Gail Kelly, the chief executive of Westpac, has advised business leaders to cooperate with Prime Minister Julia Gillard. She added that despite disagreements over policies, the business section should...
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