Super mergers will cut member fees gladstoneobserver.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gladstoneobserver.com.au Daily Mail and Mail on Sunday newspapers.
Bankers press Senate on responsible lending
Share
The federal government is struggling to win Senate support to dump responsible lending laws, despite reassurance from National Australia Bank chief executive Ross McEwan that the proposed changes will not lead to more risky bank lending.
Bank chief executives have been at Parliament this week meeting senators to discuss the government’s proposed overhaul of credit rules, as well as how banks will deal with home and small business borrowers still hurting from social distancing rules and international border closures.
NAB CEO Ross McEwan says axing responsible lending laws won’t cause a jump in risky bank lending.
A map by Aussie Home Loans shows the deposit needed for different suburbs
In Sydney, there are only six suburbs with homes available for $100,000 or less
They are Austral, Airds, Blackett, Bidwill, Box Hill and Willmont - all outer west
There are 10 suburbs in Melbourne with the same deposit, but none in Canberra
Location choices are significantly higher in Brisbane, Adelaide, and in Perth
Suncorp branch transactions down 25pc in a year
Save
Share
Suncorp says over-the-counter transactions dropped by almost a quarter in the past year as banking increasingly shifted online, leading to the closure of multiple branches.
The Brisbane-based banking and insurance outfit held out the prospect of more closures if the trend continued. But it maintained branches remained a key strategic part of the business, which started as an agricultural lender in 1902.
Suncorp says over the counter transactions have plummeted. Â
Attila Csaszar
âWe see an important ongoing role for branches, especially for more complex needs like home loans,â Suncorpâs banking chief, Clive van Horen, said on Monday.
âSavage blowâ: Coal companies hit back over banksâ flight from fossil fuels
Weâre sorry, this service is currently unavailable. Please try again later.
Dismiss
By Anne Hyland
May 15, 2021
Large Australian banks, superannuation funds and insurance companies are adopting a view that coal, the dirtiest fossil fuel, should eventually be retired as an energy source.
Save
Normal text size
Very large text size
The politics around coal is treacherous. In the Upper Hunter of New South Wales, a state by-election that could further weaken the ability of Premier Gladys Berejiklian to govern, has become the latest battleground over the future of coal, and the risk to thousands of workers losing their way of life.