Australia, despite the best efforts of a determined cadre of Catholics from Sydney’s elegant and leafy North Shore, is yet to have a saint; the closest we have so far managed is the beatification of Mary McKillop.
The steps to sainthood are pretty clear, but primary among them …
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 …
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 …
Industry gossip in Australia indicates the Rudd Labour Government has declared it wants a significant win in the financial services industry this year after a series of high profile collapses and other misdemeanours.
The consensus among the prognosticators is K-Rudd doesn’t care much about what the win is, …
The Australian banking and regulatory system is the envy of the Western world, some say, yet pundits argue that the big four banks are anti-competitive due to their market share levels.
The ACCC had little choice during the global crisis to allow two of the big banks to …
