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Banks and investors have urged the competition watchdog to consider broader funding costs and balance sheet pressures as part of the inquiry.
Kids as young as six are showing strong financial capability, new research shows
Australian investors are flocking to term deposits and away from equity funds, signalling a shift towards more conservative investment strategies.
Rising funding costs mean banks are competing for deposits by increasing savings rates.
New ANZ research revealed the most common savings goal for Aussies is travel despite 70% curbing their spending to cope with the cost of living.