Building Societies Articles
Banks warned of rate 'wrath'
THE nation's banks have been warned they will face the "wrath of the Australian government" if they push up mortgage rates in the face of a decision announced yesterday to stop guaranteeing their overseas borrowings.
Swan sends rate warning to banks
BANKS have been warned they will face the "wrath of the Australian government" if they push up mortgage rates after a decision announced yesterday to stop guaranteeing their overseas borrowings.
Protection plans
THE Australian Prudential Regulation Authority has released a discussion paper on a scheme to protect customers' money when a bank collapses.
Anti-Islam vote reveals growing Swiss hostility
LONDON: Swiss voters have shocked their Government, sealing a ban on the building of minarets and unveiling an unexpectedly hostile public response to Europe’s growing Muslim population.
No need for people's bank, say lenders
SMALL and large lenders alike yesterday united to head off a call for the creation of a "people's bank" to take on the dominance of the Big Four institutions, which industry groups claimed would add very little to the competition that already existed.