ANZ’s purchase of the remainder of ING, and new rumblings about ANZ or another major acquiring AMP, shine a light on one of the dirty secrets of the retail superannuation industry: how much control the banks have.
The big four
Why banks needed the RBA to raise rates
Now that the RBA has kept interest rates on hold — and no-one knows when they’ll rise again — banks are wondering how they’ll pass on the higher cost of funds without PR fallout, says Elizabeth Knight.
The Big Four banks are guilty of corporate crimes
The NAB fee backdown is small consolation to bank customers who have been victim to one of the greatest corporate thefts over the past decade.
Big Four Banks: will they all keep their AA rating?
Australia’s biggest banks make up a global group of only eight AA-rated banks, but a Standard & Poor’s report suggests this could change, given their different risk exposures.
Wayne Swan vs. the voice activated interactive voice response unit
The Treasure is calling The Banks
