If you’re anything like me, you had a Dollarmite account growing up. CommBank’s strategy worked – but there’s something seriously wrong with this picture. Alex McKinnon wrote a great article recently, detailed below, shedding light on the fact many banks are targeting young children with their marketing material – and have been doing this for […]
The cost of financial fraud increases by more than one-third each year in Australia. In 2017, you can never be too wary when it comes to fraudulent behaviour. Duncan Hughes of Financial Review has the concerning report. Sophisticated mortgage fraud using authentic digital applications are on the rise, according to fraud experts tracking an estimated $1 billion in […]
US President Donald Trump’s healthcare and tax reform delays have shaken Wall Street and finance markets around the globe. 9Finance have reported that almost $30 billion has been wiped from the value of the Australian share market. More from 9Finance: The benchmark S&P/ASX200 index dropped 1.6 per cent, its sharpest one-day fall since November 9, […]
Official data show wages going backwards while company profits surged at the end of last year, with mining and construction leading the trend. Bureau of Statistics business indicators data for the December quarter show a massive 20.1 per cent surge in profits over the quarter, while wages fell 0.5 percent. The mining sector led the […]
At the Reserve Bank of Australia’s Board meeting today, the decision was made to keep the official cash rate on hold at 1.5%. This is the sixth consecutive month that the official cash rate has been left on hold. A range of domestic and global economic factors gave the Reserve Bank no reason to adjust […]
Australian banks would be required to give small businesses at least three months notice before ending or substantially changing their loan, if a recommendation by small business ombudsman is adopted. Australian Small Business and Family Enterprise Ombudsman Kate Carnell has been “forensically” examining how the big banks treat their small business customers since August and her […]
Is there such thing as the right lender? You bet there is… which may beg the question, why is it that we don’t all have our mortgage with that very same lender? The answer is simple, according to Odette Shahnazari, personal mortgage adviser with Smartline. “We all have different goals and needs when it comes […]
