Sir Allen Stanford, Who?
Sir Allen Stanford: how the small-town Texas boy evaded scrutiny to become a big-time ‘fraudster’
For a town of just 10,000 people, it is remarkable that Mexia – motto “a great place, no matter how you pronounce it” – should throw up two larger-than-life characters: Anna Nicole Smith and Sir Allen Stanford.
On Friday, as the ECB sheepishly announced it had severed its ties with the 58-year-old banker following allegations that he carried out a $9.2 billion fraud Read more
HSBC allows free access to Westpac ATMs
HSBC Bank has joined Citibank in allowing its customers access to 1,700 fee-free Westpac-branded automatic teller machines (ATMs).
HSBC customers will be able to access them across the country from March 3 when the Reserve Bank of Australia’s (RBA) direct charge ATM fee reforms are introduced.
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Commonwealth Bank and No ATM Fees
COMMONWEALTH Bank (CBA) has become the first of the big banks to confirm it will not charge its customers a disloyalty fee for using rival ATMs.
National Australia Bank last month admitted it will charge its customers 50c for using a rival ATM, when new Reserve Bank rules come into force on March 3. Read more
House Prices Keep Falling
HOUSE costs have come down for the 3rd consecutive quarter indicating the call for a big interest rate cut tomorrow, economic expert* say.
The home house price level came down eight percentage points in the December quarter, the Australian Bureau of Statistics announced. Read more
Credit Card Interest Rates
For the most of 2008 big banks have been urged by consumer groups to pass the reductions to cut interest rates on credit cards. For too long now the unparalleled cuts by the RBA have not been passed on to the Australian credit card user. Read more
Big Banks set to pass on RBA’a interest rate cuts
THE big 4 banks will distribute the total central bank interest rate cut but only warn it will be harder to do so in future.
The NAB and Comm Bank announced the full 1 percentage point decreases on Wed, accompanying standardised cuts on Tuesday by Westpac and ANZ. Read more