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SWITCHBANKS NEWS ARCHIVES AUSTRALIA & WORLDWIDE

MEDIA INFORMATION REGARDING AUSTRALIAN & WORLDWIDE BANKS

BANKWESTBOQCBAHBOS AUSTRALIA

MACNABST GEORGEWESTPACANZ

NAB | HBOS | ANZ | CBA | BWA | WBC | BOQ | SGB | MAC

WORLD NEWS FINANCIAL

Alarm rings on $8bn HBOS capital raising 12TH JUNE 08 source Australian IT

BankWest parent 'committed' to Australia 12TH JUNE 08 source News Limited

BANKWEST

Bank may be put up for sale 3RD JUNE 08 source News Limited

BANKWEST said today its massive east coast branch expansion remained on track but refused to douse speculation that its British parent was considering putting it up for sale amid sustained funding pressure.

NOTE - WE ONLY RECOMMEND THE SUPPORT OF THE BANKS THAT APPEAR ON THIS SITE.

ING lead in online banking security 3RD JUNE 08 source Australian IT

Banks promise to fight Four Pillars 3RD JUNE 08 source News Limited

Chief executive David Bell said: "The ABA opposes the Four Pillars policy on the grounds that banking industry consolidation should be treated on its merits, as governed by the Trade Practices Act.

No merging of big four banks 2ND JUNE 08 source News Limited

St George and Westpac sign merger deal 26TH MAY 08 source News Limited

The $80,000,000 man 22ND MAY 08 source SMH

MACQUARIE Group chief executive Allan Moss leaves the "millionaires' factory" with a fortune worth more than $80 million, setting new standards in a debate about how much executive pay is too much.

IAG under fire over bid rejection 22ND MAY 08 source SMH

Bank fee revenue up on strong demand 15TH MAY 08 source Australian IT Business Section

Banks agree on $67b merger 13TH MAY 08 source SMH

WESTPAC

Westpac chasing the dragon 12TH MAY 08 source News Limited

NAB posts $2.7 billion profit 9TH MAY 08 source News Limited

Westpac's $1.84b profit 1ST MAY 08 source SMH

Westpac denies plans to axe 3000 jobs 1ST MAY 08 source News Limited

Westpac likely to outsource 3000 jobs 1ST MAY 08 source Brisbane Times

KO four pillars, says NAB chief 27TH APR 08 source News Limited

ANZ

ANZ sets $2.4b aside for bad loans 24TH APR 08 source SMH

The trillion-dollar mortgage time bomb 23RD APR 08 source CNN news

NAB chief John Stewart extends a friendly hand to ANZ 23RD APR 08 source News Limited Vic

Citigroup posts $5.5bn loss 21ST APR 08 source Australian IT Business Section

ANZ faces grilling on bad loans 21ST APR 08 source SMH

NAB faces $600m tax bill after ruling 18TH APR 08 source Australian IT Business Section

Switchbanks has had our meeting with the Federal Treasury department. The news is pending due to our successful meeting.

Stay tuned for the full update, at which will help Australian's reduce debt.

Points of call - Debt consolidation hotline - programs for people to eliminate debt - Switchbanks has the tools and will now take them further for analysis with the Government.

Commonwealth Bank 'bullied' ex-employee 16TH APR 08 source News Limited NSW

ANZ sells Murphy super assets 16TH APR 08 source Australian IT Business Section

Banker accused of sexual harassment 14TH APR 08 source SMH

Trusted banker siphoned off $1.4m, court told 10TH APR 08 source SMH

Investors warned to steer clear of banks 8TH APR 08 source News Limited

ANZ warns of almost $1bn in bad debt 7TH APR 08 source Australian IT Business Section

ANZ to sack mortgage workers 3RD APR 08 source News Limited

NAB slugs homeowners again By George Lekakis, Gerard McManus and Mary Bolling 26TH MAR 08 source News Limited

St George reaps $75m from Visa IPO 25TH MAR 08 source News Limited NSW

Stock market steal: $217m in a day 21ST MAR 08 source SMH

SWITCHBANKS OVERWHELMED WITHIN THE DEBT CONSOLIDATION SECTION 14th MAR 08

CLICK HERE TO SEE THE SECTION

Switchbanks is currently in discourse with the Treasurery Department through The Hon Wayne Swan MP. We have a meeting set down for April 2008 with the Treasurer. We will be addressing many of the issues that the government have been discussing of late, when we meet with Mr Swan next month. The governments clarity and willingness to participate with us now in helping Australian citizens to reduce their debts is very welcomed. Our vision is without malarkey or discombobulation and our desire has always been to assist Australians, under financial pressure. Switchbanks is not against the banks, but has empathy for Australian citizens who desire a "switch" to ensure a better outcome for themselves in these difficult times or reduce debt.

ANZ faces more writedowns on Origin mortgage business 14TH MAR 08 source News Limited QLD

FINALLY OUR PLANS FOR PEOPLE TO SWITCH BANKS

HAS NOW BEEN WON WITH THE MEDIA AND NEWS GROUPS ACROSS AUSTRALIA.

THE AUSTRALIA GOVERNMENT HAS ACKNOWLEDGE OUR DREAMS TO MAKE IT EASIER FOR THE PEOPLE TO SWITCH.

Well... This is not entirely true...

After speaking with the Treasury (Jim Chalmers PA DCS) and the hand off attitude of APCA, who appear to be just a puppet of the treasury without their backing, we became very suspicious of the motives.

Switchbanks called the CEO of APCA, numerous times to discuss how we might be able to work together to help battling Australian's under financial pressure. There was very little response which makes us think that they are not really interested in helping us to help Australian's.

APCA + MONEY = $ GOVERNMENT

Choice stated that it was a great plan back then, we didn't.

Switchbanks were left in the dark as usual to bigger corporations with more power and stupid idea's.

To put it simply, the Australian Government has no power over the banks. If the Government was really interested, they could work to provide ways of simplifying the switching process by initiating simpler compulsory procedures for switching detailed bank accounts from one bank to another.

This is something that we don't think will ever happen anyway, even though it is used in various intelligent countries.

Difficulty in switching is always going to exist. I don't feel that we will ever see in our lifetime the banks and the federal government working together to provide simpler switching "systems" that will assist the Australian community in this regard.

The government is only compiling information for the customer to take to another bank. Reducing fees on the exit and making the banks accountable for the system of information that will be produced to another bank for easy entry. No porthole or backend system will be produced ever for an online switch.

Even our switching system is manual - time consuming and we can only guide the switch externally.

SWITCHBANKS WILL CONTINUE IN OUR MISSION TO HELP PROVIDE A SIMPLER WAY FOR AUSTRALIAN'S TO SWITCH BANKS. WE WILL CONTINUE TO DO THIS FREE OF CHARGE BECAUSE WE BELEIVE THAT AUSTRALIANS SHOULD HAVE CHOICE AND THAT THE SWITCH SHOULD NEVER BE COMPLICATED.

Banks accused of interest rate robbery 12TH MAR 08 source News Limited

Biggest rise from biggest bank 11TH MAR 08 source SMH

WESTPAC

Westpac's $500m-plus risk 11TH MAR 08 source News Limited QLD

NAB lifts rates, St George hints at 0.4% rise 6TH MAR 08 source THE AGE

St George mulls 40bp interest rate hike 6TH MAR 08 source News Limited

HSBC feels credit pain, posts $18bn loss 4TH MAR 08 source News Limited

Storms sink Suncorp's profits 29TH FEB 08 source News Limited QLD

Suncorp profit falls, warns on rates 28TH FEB 08 source Australian IT Business Section

NAB chief warns Reserve over rates

Banks told: show us your debt 22ND FEB 08 source News Limited QLD

Disclosures shock ANZ bank investors 19TH FEB 08 source News Limited

ANZ shares plunge on debt fears 18TH FEB 08 source News Limited

Commonwealth Bank's bad-debts blowout 18TH FEB 08 source News Limited NSW

CBA

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