Consumers are skeptical about the transparency of banks, with a recent consumer survey revealing that 84% of respondents think banks should have to disclose who owns them in any advertising. The consumer survey, conducted by People’s Choice Credit Union, also found that two-thirds of respondents thought that multi-branding was used to trick customers about ownership. […]
Consumers are skeptical about the transparency of banks, with a recent consumer survey revealing that 84% of respondents think banks should have to disclose who owns them in any advertising. The consumer survey, conducted by People’s Choice Credit Union, also found that two-thirds of respondents thought that multi-branding was used to trick customers about ownership. […]
A former ACCC chairman has called out Australia’s banks for not passing on rate cuts, and a broker association head has applauded the comments. Former ACCC chair Allan Fels told News Ltd last week that banks were “ridiculously slow” in passing on rate cuts when funding costs fell, and argued that Australian’s were “owed” a […]
Interest rates are likely to remain at record lows and to drive an increase in business investment, according to the Reserve Bank of Australia. Governor Glenn Stevens told the House of Representatives Standing Committee on Economics that investment levels were below par, despite record-low cash rate. However, he said that was “pretty normal at this […]
Aust Securities and Investment Commisions (ASIC) has issued a warning to real estate agents over SMSF property investment, saying they may be breaking the law. In a speech to the Certified Public Accountants, Australia SMSF Conference, ASIC commissioner Greg Tanzer said the regulator was aware that some real estate agents and property advisers were recommending […]
