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Last updated: November 02, 2011

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Westpac's monster profit - $6.99 billion

RECORD earnings by the big four will put pressure on ANZ and NAB to do the right thing and pass on rate cut.

Your credit history could be for sale

Credit cards

LEAKED documents show what you buy on your credit card may soon be used against you in the form of targeted ads.

Teen lives playboy lifestyle after scamming bank

20111024limo

BOY, 14, went on $200,000 spree after masterminding a money laundering scheme.

BoQ credit rating on review

Bank of Queensland

BANK of Queensland's credit rating is on review for possible downgrade after the bank reported a rise in bad debts.

Australian bank funding improving

banks

AUSTRALIAN banks' funding structures are proving to be more resilient to periods of financial stress than their European counterparts, a central bank official says.

Personal finance commitments up 2.2 per cent

TOTAL personal finance commitments rose 2.2 per cent in August, seasonally adjusted, to $7.199 billion, up from $7.043 billion in July, the Australian Bureau of Statistics (ABS) said today.

Eftpos unveils new card system

EFTPOS Terminal

EFTPOS has revamped its technology so that customers can conduct transactions with mobile phones, contact-less terminals and online.

Desperate bank staff pushed into hard-sell tactics

Commonwealth Bank ATM

STAFF offered Christmas party bonuses if they double customer debt by pushing credit cards, insurance, new accounts.

11 comments on this story

ANZ dishonour fees 'excessive'

ANZ Bank

SEVEN centuries of legal precedent stand behind a bid to stop banks charging customers exorbitant penalties for late payments or overspending on their credit accounts.

Bank fees class action back in court

bank fees

AUSTRALIA'S largest class action is back in court today in what lawyers say is a major step in the case against ANZ fees.

Retailers 'ripping off' customers on card surcharges

Credit cards

RETAILERS are gouging customers with surcharges, according to credit card giants MasterCard and Visa.

3 comments on this story

Recession sparks bank scam boom

banks

COMPUTER programmers and IT experts are behind a surge in scams to steal millions of dollars from bank customers.

Eftpos fees rise today but one bank is holding back

EFTPOS Terminal

BANK moves to boost its market share in the small-business sector with fee pledge.

12 comments on this story

Money Guides & Tools

Slash bank fees

Slash bank fees

NOBODY wants to pay more bank fees than necessary.

Resolve bank dispute

Resolving a dispute with your bank

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

Personal loan

Get a 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.

St George, CUA cut fixed-rate loans

St George Bank

INTEREST rates on fixed rate mortgages continue to fall, with St George Bank and Credit Union Australia (CUA) the latest to make cuts.

Banks battle with rates as customers dry up

banks

BIG banks are unleashing home loan interest-rate discounts to compete for customers as the lending market dries up.

Banks battle with rates as customers dry up

banks

BIG banks are unleashing home loan interest-rate discounts to compete for customers as the lending market dries up.

Not happy bank! CBA voted worst of the big lenders

BANK STOCK

Update: COMMONWEALTH gets the thumbs down on home lending but smaller players win in customer satisfaction.

6 comments on this story

What GFC? Banks back to risky lending

Mortgage lending

EXPERTS blame competition as banks lend buyers more than they can afford.

Thrifty Aussies ward off rate-rise threat

Piggy bank

THRIFTY consumers may be helping to ward off an interest rate rise by saving aggressively rather than spending, new data signals.

Business News

Westpac posts $6.9 billion profit

WESTPAC Banking Corporation has increased full year profit by 10 per cent, saying its business strategy was "delivering tangible benefits".