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Daily Dispatches: Big Four score more share

The Big Four banks are gaining market share in loans at the expense of foreign banks operating in Australia, with most of the lending going towards mortgages and households as business credit declines. (The Age)

Job advertisements fell in July for the 15 consecutive months as employers continued to shun hiring new staff. But the rate of decline has slowed, in a tentative sign that job ads may soon stabilise. (News.com.au)

Listed wealth managers haven’t done as well as you might expect as the share market improves. Companies such as AXA, AMP, Perpetual, Platinum and BT should give investors leverage to a rising market, but instead they are playing catch-up to the big miners and banks. (Herald Sun)

Insurer QBE has a major Australian acquisition fixed in its sights as it seeks to counter the dominance of rivals IAG, Suncorp and Allianz in the domestic market. (WA Today)

Consumers have scored another victory in the battle against exorbitant bank charges, with Westpac announcing plans to cut a range of penalty fees from as much as $40 to just $9. (Sydney Morning Herald)

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