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Banks' engine rooms face a tougher grind - The Sydney Morning Herald;

Banks' engine rooms face a tougher grind - The Sydney Morning Herald

The Sydney Morning HeraldBanks' engine rooms face a tougher grindThe Sydney Morning HeraldFor the last two decades, the four major banks have been among the biggest corporate winners from an almighty debt splurge by Australian households. The massive lift in borrowing for housing – and the fact we've avoided a deep recession – have been ...and more »

Interest rates on hold with fresh concerns over Chinese economy - The Australian;

Interest rates on hold with fresh concerns over Chinese economy - The Australian

The AustralianInterest rates on hold with fresh concerns over Chinese economyThe AustralianThe Reserve Bank is expected to keep the official cash rate steady tomorrow ahead of the federal government's budget next week and as fresh concerns emerge that China's economic recovery might not be as strong as expected. Economists are united that ...and more »

Banks must treat customers better - The Australian;

Banks must treat customers better - The Australian

The AustralianBanks must treat customers betterThe AustralianAs Australian banks struggle to emerge from a sustained public battering, there are two things they can do to regain the trust of the public. First, banks need to better communicate how they really are the pillars of our economy. While mining companies ...and more »

Banks set for $13bn bonanza - The Australian;

Banks set for $13bn bonanza - The Australian

The AustralianBanks set for $13bn bonanzaThe AustralianThe big four banks are expected to unveil profits in excess of $13 billion over the next two weeks, with recent independent interest rate hikes, aimed largely at property investors, expected to boost earnings into the future. The sector has been hit by ...and more »

Major banks reduce their legal powers over SME customers - The Australian Financial Review;

Major banks reduce their legal powers over SME customers - The Australian Financial Review

The Australian Financial ReviewMajor banks reduce their legal powers over SME customersThe Australian Financial ReviewNAB, the largest business bank, has dropped legal protections giving it power for "non-monetary default" for its new and existing SME loan contracts. Louise Kennerley. Share on twitter. by James Eyers. National Australia Bank, ANZ Banking Group and ...and more »

Banks could face a sell-off with expectations high ahead of earnings season - The Australian Financial Review;

Banks could face a sell-off with expectations high ahead of earnings season - The Australian Financial Review

The Australian Financial ReviewBanks could face a sell-off with expectations high ahead of earnings seasonThe Australian Financial ReviewThe big banks are in focus again as they line up to present interim results. Michael Mucci. Share on twitter. by James Frost. Bank investors are set for profit boosts this week, the spoils of the major lenders' moves to jack up lending rates in ...and more »

Big four bank profits to top $15 billion for first half - The Sydney Morning Herald;

Big four bank profits to top $15 billion for first half - The Sydney Morning Herald

The Sydney Morning HeraldBig four bank profits to top $15 billion for first halfThe Sydney Morning HeraldThe combined profits of Australia's big four banks likely exceeded $15 billion in the first half, as lenders started to benefit from a round of late 2016 interest rate hikes and strong home loan growth. Big four investors have enjoyed share price gains ...and more »