Artículos sobre Banks

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Three of Australia’s Big Four banks have opted to offshore part of their financial operations to Asia. AAP

More offshoring of Australian jobs? Can you bank on it?

Reports of more offshoring of jobs from Australia to other countries are, seemingly, a daily occurrence. Such reports include, for example, the manufacturing of cars and their components and aspects of…
Reducing the finance costs of housing will also reduce house prices. Flickr/kennymatic

A house for half the cost? Here’s how

Welcome to Safe as Houses, a series delving into a topic close to the heart of many Australians – property. This is not a series on where the market might be heading. Instead we aim to explore how we view…
ANZ and NAB have cut their mortgage rates. Will the other two major banks follow suit? AAP

Are banks gouging by not passing on interest rate cut?

ANZ and National Australia Bank have passed on the Reserve Bank of Australia’s 0.25% interest rate cut to mortgage holders, lowering their standard variable rates. Treasurer Wayne Swan called on the big…
Westpac chief Gail Kelly has warned about “the contagion effect” from Europe.

The contagion effect: how much will Australian banks be buffeted by Europe?

Westpac chief executive Gail Kelly this week warned about Australian banks are vulnerable to “the contagion effect” of Europe’s ongoing financial woes, after the Commonwealth Bank of Australia delayed…
Can we expect more interest rate cuts this year?

Interest rate cut: experts respond

The Reserve Bank of Australia has cut the official cash interest rate by 25 basis points, from 4.75% to 4.5%, in a move matching most economists’ expectations. It was the first cut since April 2009. Westpac…
Banks such as NAB are reportedly positioning themselves to use covered bonds to raise funds.

Banks want covered bonds, but could taxpayers be left with the risk?

Australian banks are positioning themselves to take advantage of new laws allowing them to use the new instrument of covered bonds to raise funds. Our large banks especially have enthusiastically welcomed…
UBS chief Oswald Gruebel has stepped down after a rogue trader cost the bank $US2.3 billion. AAP

As UBS boss quits over rogue trader, banks must face some risk realities

The chief executive of Swiss banking giant UBS, Oswald Gruebel, has quit following revelations of a $US2.3 billion fraud by “rogue trader” Kweku Adoboli. But the news will come as cold comfort for investors…
Well-intentioned credit protection regulations could make it hard for some people to secure loans. AAP

Responsible lending doesn’t have to be restrictive

The Federal Government has taken significant steps in recent years to protect consumers from predatory lending practices, such as very high-interest “payday loans”. An unfortunate, though surely unintentional…
The British banking sector is facing a major shakeup in the wake of the global crisis. AAP

Three years after UK’s banking crisis, will reforms deliver?

Major proposals designed to reform Britain’s banking sector after its spectacular 2008 crash have been described as one of the biggest shakeups in a generation. But they are likely be inadequate for a…
Surprisingly few people change banks, believing it is more complicated than it actually is. AAP

Despite your fears, dumping your bank won’t end in tears

Treasurer Wayne Swan is fond of telling anyone who will listen how much he wants bank customers to “walk down the road and get a better deal”. This sums up the government’s vision for reforming the banking…
Good financial inclusion measures will protect consumers from predatory lenders. Flickr/rinkjustice

Giving credit where it’s due will ensure financial inclusion

The Australian government has begun to focus on the issue of financial inclusion, as reflected by an allocation of $60.6 million in this year’s federal budget. This follows earlier government support for…

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