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…

Mutuals are considered the least secure segment for retail deposits in Australia, despite the Federal Government guaranteeing deposits up to $1 million held by an Australian Deposit-taking Institution (ADI).

New research from CoreData reveals only 13.7% of respondents consider deposits held…

There are a number of reviews underway in the Australian financial services industry, all of which ultimately aim to strengthen the system and improve the outcomes for consumers.

Strangely, at a time when the Government is looking to minimise conflicts of…

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)…

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…

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…