Banking News

ATO to make online systems easier
Tuesday January 29
The tax office will soon introduce changes to make it easier for businesses and individuals to lodge tax returns and repay any bills online.

Melbourne houses catching up to Sydney prices
Tuesday January 29
While Sydney house prices only gained 5 per cent over 2007, the stellar performers were Melbourne, Brisbane and Adelaide which each recorded increases of more than 20 per cent.

Super fund members need reassurance
Tuesday January 29
Superannuation fund members are seeking assurances about the performance of their funds in record numbers after falls on the share market in the past few weeks have wiped out much of the returns generated by funds last year.

Two rate rises may be needed to slow inflation
Tuesday January 29
Borrowers may be in for a double whammy with analysts saying that the Reserve Bank of Australia needs to lift rates by 50 basis points in order to get inflation under control.

Rogue trader hits French bank
Tuesday January 29
In what may be the largest financial swindle ever seen, a trader has defrauded France's second largest bank, Societe Generale, of $8.2 billion.

US moves prop up markets
Tuesday January 29
All the share market losses on Tuesday have been recovered as investors reacted to moves in the US to shore up its economy.

RBA has little choice but to lift rates
Tuesday January 29
It is hard to see the Reserve Bank board not raising interest rates by another 0.25 percentage points on February 5, following the latest quarterly inflation figures.

Availability keeps pressure on rents
Monday January 28
Rents increased by 1.6 per cent in the December quarter, the fastest rate in 18 years, and are up 6.4 per cent over the year.

Households carry burden of higher rates
Monday January 28
Australians are paying more for bank services and insurance according to the latest figures from the Australian Bureau of Statistics.

Margin call on Allco shares
Monday January 28
Shares in Allco went against the market trend yesterday by falling 78 cents to $2.21. The slide was triggered by margin calls which saw executives at the company sell off 23 million shares.

Other News

• Market plunge causes record trade volumes Sunday January 27, 09:08 PM
• Inflation surge signals higher interest rates Sunday January 27, 09:08 PM
• Investors take a breather from share sell-off Sunday January 27, 09:08 PM
• Australians need to lift savings level Saturday January 26, 09:08 PM
• Market heat causes CommSec crash Saturday January 26, 09:08 PM
• AXA shareholders will hear from Tweed Saturday January 26, 09:08 PM
• Repossessions skyrocket in NSW Saturday January 26, 09:08 PM
• Massive market wipeout Saturday January 26, 09:08 PM
• Misled US home buyer set to sue agent Friday January 25, 09:08 PM
• Inflationary pressures in the pipeline Friday January 25, 09:08 PM