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Consumers need to spend around A$18,000 a year on their credit cards to earn rewards that are worth more than the fees they pay for membership of the various rewards programs, says consumer finance.. read more

High-income earners are fussy when it comes to rating the performance of their banks. While overall customer satisfaction with the big banks is at its highest level for almost 20 years, the ratings.. read more

The Resimac syndicate that is bidding for RHG will try to block Cadence Capital, a member of the rival Pepper syndicate and also an RHG shareholder, from having a say in the outcome of the takeover.. read more

Payday lender Cash Converters has taken control of a three-year old motor vehicle dealer, Carboodle. read more

Banks operating in the general insurance market don't have much impact in terms of market share but they are among the most profitable players in the industry, according to the latest KPMG General I.. read more

International payment company OzForex will have a market capitalisation of A$480 million when it lists on the Australian Securities Exchange next month. The company issued a prospectus yesterday, of.. read more

Macquarie Group is expecting a strong second half to the current financial year and will report a full-year result that is ahead of its 2012/13 result. The bank has benefited from stronger equity ma.. read more

More than one million people closed a bank account in the last year, with some banks losing more than five per cent of their customers as people switched institutions or consolidated their accounts. read more

Pre-paid card supplier Emerchants Ltd took a big step in the transformation of its business last week when it was approved as a payer institution member of the BPay scheme. The approval means users.. read more

One of the curious features of the housing finance market over the past year is that there has been strong growth in new housing finance commitments but this has not shown up in total housing financ.. read more