"A NEW generation of lenders are set to challenge the major banks, with three players flagging big moves on discount home loans. ". Let the craziness continue! Very aptly, one is founded by a Mr Gamble :) And hows this for a quote from First Folio's MD: "We've got unlimited funding". Join discussion...

Everyone else are trying to downsize the financial service industry. Australia is thinking of up-sizing that industry. As this article says, "The measures, contained in a report delivered to the government yesterday, go against the international trend of raising bank taxes and restricting the growth of the financial services industry." Join discussion...

Article quoting BIS briefly mentioning 'excessive risk taking' rearing it's head again since the GFC. A worthy point. Although having inflation as a method for reducing debt burdens will hardly reduce risk taking - quite the opposite. Join discussion...

Beware of this fund in your superannuation. Join discussion...

Westpac, Commonwealth Bank and ANZ have all increased mortage rates more than the RBA's 25 basis points. Join discussion...

Aren't that called insolvency? Join discussion...

"DEMAND for community services by people in need has surged in a matter of months, new figures from the aid organisation Anglicare show." Join discussion...

"The head of the ANZ says he thinks banks around the world are going to focus more on doing business on their own turf in the wake of the global financial crisis." I like this part: "Fifteen years of good times - you become so competitive that some of those fundamental values and underwriting skills are going to go out the window, so it's a good adjustment in many ways. It brings reality back or it gives you a reality check.". Join discussion...

If you are using a financial planner, please make sure that they are really independent. Join discussion...

National Australia Bank (NAB) will abolish monthly account service fees on two of its everyday banking accounts from January 2010 and scrap its $25 over-limit fee on all credit cards. Join discussion...