Significant mortgage market share changes have occurred during the financial crisis in Australia, with the traditional Big Four banks becoming the Big Two.
In August 2008, Westpac became the biggest mortgage lender in Australia when the Australian Consumer & Competition Commission (ACCC) did not oppose its takeover of …
Risk averse retirees could face the sobering prospect of running out of money before they die given the current low returns on conservative assets.
The present ‘close to zero’ returns on cash in the US and UK means many retirees who are now consuming their nest eggs with …
Financial planning dealer groups have had a tough time over the past year, with adviser funds under advice dropping as quickly as a skydiver, but licensees have since become very adept at performing back flips.
AMP, a staunch defender of commissions for many years, recently told fund managers …
In the good times, the strength of the City of London, and in particular the banking sector, was seen as a positive.
Now, with the UK still, according to recent official statistics, mired in recession and negative growth, many fear that banking problems are holding the UK back.…
The Australian Consumer & Competition Commission (ACCC) earns a black mark for suggesting foreign banks can compete on retail deposits in Australia.
The ACCC Public Competition Assessment in August 2008 announced its decision not to oppose the Westpac takeover of St George, and within the Competition Analysis section …
