Consumers pay lower bank fees 17 June 2011 4:17PM Households are paying lower bank fees than before largely because of a lowering of (or, in some cases, elimination of) penalty fees for common events affecting everyday accounts. read more
Low margins on Lloyds' divestment 15 June 2011 4:45PM A few details of the Lloyds Banking Group information memorandum sent out to prospective buyers of a portion of its UK retail banking business - known by the working title of Verde - are dribb.. read more
Credit demand in the doldrums 15 June 2011 4:43PM Consumers' increasing aversion towards credit cards continues to be a feature of the monthly data on payment cards published by the Reserve Bank of Australia. read more
Distant urban centres focus of home loan stress 15 June 2011 4:41PM The mix of postcodes with the greatest level of home loan arrears is taking on a different hue, with local economic stress - not floods or other disasters - possibly explaining the strife in urban g.. read more
Christchurch quake third shake for asset quality 14 June 2011 4:56PM Banks' asset quality and their level of the provisions will come under further review after the most severe Canterbury aftershock yet yesterday afternoon, following the February 2011 quake. The Sout.. read more
Exit fee regulations vulnerable in Senate 14 June 2011 4:43PM The last-minute effort by sections of the mortgage finance sector to overturn regulations banning exit fees from July may be on the verge of achieving its goal. read more
Fifth ASX ATM play on the starting blocks 14 June 2011 4:28PM Oakajee Corporation, a small cap mining firm, said it plans to buy and list EZE ATM through its subsidiary Oakajee Investments Ltd. Oakajee announced the plan to the ASX on Thursday. read more
Household debt needs to fall: RBNZ 09 June 2011 4:59PM The household debt load remains "very high" and is one factor restraining the pace of the economic recovery in New Zealand, the Reserve Bank noted in its quarterly statement on monetary policy publish.. read more
Cap mooted for surcharging scourge 09 June 2011 4:42PM The Payments System Board may allow credit card schemes to introduce rules that oblige merchants to limit the level of surcharges applied to payments made with credit cards. The PSB is asking the in.. read more
Industry willing to kill off cheques 09 June 2011 4:40PM A public relations campaign to begin preparing the community for the eventual demise of cheques as a payment instrument got underway yesterday, with the release of a consultation paper by the Austra.. read more