The Biden administration is trying to rein in what it says are unnecessarily high credit card late fees, putting in place a new consumer protection rule it says will lower them. “For over a decade, credit card giants have been exploiting a loophole to harvest billions of dollars in junk fees from American consumers,” Rohit … Read more
Diners club cards will soon cease to exist as NAB announces the death of the card that was once the world’s first multipurpose charge card. NAB will be closing Diners Club cards in Australia, less than two years after it bought the brand from US owned Citigroup. “As of 15 April 2024, Diners Club will … Read more
Westpac has been slammed by the finance worker’s union for cutting more than 100 jobs and reportedly outsourcing nearly half overseas. The Finance Sector Union (FSU) said Westpac had advised them on Thursday that 62 roles were being axed from Westpac’s risk division unit, and another 50 operations roles would be sent offshore. It said … Read more
A NSW man’s insistence that he verify a caller’s claims led the would-be scammer to drop their act in frustration. Ray received a call from a man claiming to be from NAB Bank, telling him there had been an attempted transaction on his account in New Zealand. WATCH THE VIDEO ABOVE: Would-be bank scammer swears … Read more
India’s determined digital drive, which linked its villages to the internet at breakneck speed, also prompted what now seems to be rather premature obituaries of branch banking. More banks, contrary to expectations, are busy building brick-and-mortar presence across the country for access to something that has defined banking since it began: Deposits. “Thanks to core … Read more
As the results for the Oct-Dec quarter are unveiled, insights from management commentaries across various sectors provide valuable indicators of the Indian economy’s health. Businesses serve as the backbone of the economy, and their performance reflects the overall economic landscape. By examining key sectors and their respective performances, we aim to share a comprehensive overview … Read more
When a major bank prepared to shut its doors in the South Australian coastal town of Kingston, it wrote an email to the council addressed to Mr Bean. But there was no Mr Bean to be found at the council chambers, which sits right next to the BankSA branch. “We certainly have no Mr Bean … Read more
The regional banking crisis is having unexpected consequences, with a Coles in Western Australia now having to pause cash-out in its store due to excessive demand. The Coles in Kununurra has experienced an increase in demand for in-store cash-out services following the closure of some bank branches in town. Coles says this is a temporary … Read more
India has been the fastest-growing major economy for the third successive year. Despite global headwinds, including geo-political realignment, India’s economy would continue its strong and resilient growth of 6.7% in FY 2024 and 6.2% in FY 2025. The first Advance Estimates of National Income 2023-24 placed macro-economic growth at 7.3% in FY 24 vis-a-vis 7.2% … Read more
Three more Commonwealth Bank branches across Australia are set to close next month. The branches in well-populated areas of Coogee in NSW, Coolangatta in Queensland, and Adelaide’s Rundle Mall in South Australia, will be shuttered by March 1, according to the bank. Commonwealth Bank called the permanent closures a “difficult decision” based on progressive declines … Read more
/cdn.vox-cdn.com/uploads/chorus_asset/file/25419756/247094_When_the_walls_of_Apple_s_garden_came_tumbling_down_MWares.jpg)
