Calling the Tier 2 banking sector in Australia a ‘lemon’ may be a touch harsh, but the sector’s recent customer acquisition performance is leaving a very bitter taste in the mouths of their chief executive officers and shareholders alike.
Take ING Direct for example. The retail deposit book …
The government’s decision to boost the superannuation guarantee to 12% has been lauded a big win for Australians by the financial services industry’s key associations.
The fact that it went against the recommendations of Ken Henry’s Tax Review, and that it could potentially have an adverse impact on …
At burningpants we don’t usually comment about the Federal Government because we think that everyone else who does so is involved in an ideological spitting competition, where they make increasingly outrageous statements to back up their point of view.
But, unfortunately, the recent set of reforms and proposed …
The St George and Bankwest residential lending levels have been outstanding since the respective Westpac Bank and Commonwealth Bank takeovers, raising the question: should the big four be able to consume more Tier 2 banks?
The Bankwest mortgage book jumped 23.7%, or $7.5 billion to $39.2 billion, for …
Many people working in financial services often forget that financial advisers work within communities and regions and not in isolation or in an economic bubble.
If local communities and economies don’t thrive then more than likely financial advisory businesses will also struggle to grow.
In Britain this …
As the UK’s general election campaign reaches its final stages, the outcome is still up in the air.
burningpants attended a fund manager’s briefing on the election last week and one clear message was that recent polling is pointing to a hung parliament, with no overall majority for …
