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WORLD NEWS FINANCIAL

Struggling homeowners give CBA $2.371 billion profit 13TH FEB 08 source News Limited QLD

$2.4b bank profit will put it in the firing line 11TH FEB 08 source SMH

Govt cracks down on bank exit fees 10TH FEB 08 source News Limited NSW

NAB holds course as turmoil continues 8TH FEB 08 source News Limited

Macquarie Bank chief Allan Moss grabs $100m 7TH FEB 08 source News Limited Vic

Cost of switching banks to be cut
By Scott Murdoch and Richard Gluyas February 07, 2008 12:00am
7TH FEB 08
source News Limited

HSBC appoints new CIO 6TH FEB 08 source Australian IT Business Section

Macquarie Group boss Allan Moss to retire 6TH FEB 08 source News Limited

COMMONWEALTH BANK FIRST TO RAISE INTEREST RATES 6TH FEB 08 source News Limited

CBA hikes mortgage rate 30 basis points 6TH FEB 08 source News Limited

ST GEORGE BANK SITE COLLAPSES 3.20 PM 1ST FEB 08 source SWITCHBANKS

Feb launch for ANZ mobile banking 31ST JAN 08 source Australian IT Business Section

Bank predicts 12% profit increase 30TH JAN 08 source SMH

Banking on YouTube hype 25TH JAN 08 source Australian IT Business Section

Westpac denies job outsourcing by stealth 24TH JAN 08 source News Limited QLD

BofA joins ranks of bad loans 23RD JAN 08 source Australian IT Business Section

ANZ Bank set for Indian banking market return after break 22ND JAN 08 source News Limited VIC

Banks slow to pay interest 18TH JAN 08 source Australian IT Business Section

$2 slug for using ATMs 16TH JAN 08 source News Limited VIC

Customers pressured as banks force staff to sell debt 14TH JAN 08 source News Limited VIC

Commonwealth Bank to open first branch in Viet Nam 14TH JAN 08 source News Limited NSW

Why your home loan is rising 14TH JAN 08 source News Limited

WINNING BANK OF THE YEAR 2008 11TH JAN 08 source SWITCHBANKS

St George to match big four 11TH JAN 08 source News Limited NSW

$1 billion hit to banks from US 10TH JAN 08 source News Limited

More heat on Suncorp 10TH JAN 08 source News Limited QLD

$44bn in losses as slide worsens 9TH JAN 08 source News Limited NSW

Banks' $1billion bonanza 9TH JAN 08 source News Limited QLD

American Express sends a blue sky credit card to someone who has passed away 8TH JAN 08 source SWITCHBANKS

The gentleman in question had passed away on New Years eve and guess what..???

He recieved a special offer from American Express 7 days later, a blue sky credit card form to fill out even though he was in his ninities before he died on New years eve.

We kinda wonder where they get Australians information from and how ?

The letter was recieved january the 8th 08 and places enough pressure on the family to be able to ring them and take him off there list.

This reminds Switch of the credit card given to a cat " Messiah the cat gets credit card with $4000 limit " by the Bank of Queensland back late last year.

Controlling the send outs has to be an updated factor with banking institutions.

We will see what American Express states to us on this one.

Contact the Banking and Financial Services Ombudsman on:
Banking and Financial Services Ombudsman
GPO Box 3
Melbourne Victoria 3001
Tel: 1300 780 808
Web site: www.bfso.org.au

Swan demands please explain from ANZ on rates increase 8TH JAN 08 source News Limited QLD

Home-loan shock sets in 6TH JAN 08 source News Limited

Second bank to lift home loan rates 5TH DEC 07 source Brisbane Times

NAB to go it alone with interest rate rise 4TH DEC 07 source News Limited QLD

Commonwealth Bank announced that its head of retail banking, Michael Cameron, was leaving to take up the chief financial officer job at St George Bank.

NAB software costs balloon 11TH MAY 07 source Australian IT

NAB first half profit up 10TH MAY 07 source News Limited QLD

Australia's biggest bank NAB said net profit for the half year to March 31 was $2.136 billion, up from $1.994 billion.
Cash earnings from ongoing operations rose 22.8 per cent to $2.196 billion.

"This is a good all round result," NAB chief executive John Stewart said.

Westpac chief's bet comes up trumps 4TH MAY 07 source SMH

Westpac on hunt after $1.6b half 4TH MAY 07 source SMH

WESTPAC UNVEILS RECORD HALF YEAR 3RD MAY 07 source SMH

Today's result for WBC was in line with market expectations and puts the country's fourth largest bank on target to produce its best-ever full year profit with analysts having pencilled in $3.4 billion for the 2007 financial year.

That will be some $400 million ahead of the previous 12 months.

COMMBANKS'S HIP YANKS PUT OUR DRONES ON NOTICE 3RD MAY 07 source SMH

Mark Buckman the bank's CBA head of branding, marketing and advertising, who reports to Barbara Chapman, contends the local groups which might have been up to the job already work for rival banks. Commbank

Wealth set to keep Dragon in $1b club 2ND MAY 07 source SMH

St George lifts full year guidance 1ST MAY 07 source AGE

Big five set to net at least $17b 30TH APRIL 07 source SMH

Retail banker's star rises at ANZ 27TH APRIL 07 source SMH

Sellers slash Bendigo as BoQ walks 27TH APRIL 07 source SMH

ANZ's tight rein 27TH APRIL 07 source News Limited QLD

ANZ posts $2.1 billion profit 26TH APRIL 07 source News Limited QLD

ANZ said the performance of its personal banking division was the highlight with revenue rising 14.5 per cent and profit up by 21.6 per cent. WHAT THIS MEANS IS THE MONEY HAS COME FROM OUR PERSONAL INDIVIDUAL BANK ACCOUNTS 

Bendigo not closing up shop 26TH APRIL 07 source News Limited QLD

Aussie banks small fry in China 26TH APRIL 07 source SMH

Bendigo rejects BoQ offer 24TH APRIL 07 source News Limited QLD

Oz bank execs top earnings 24TH APRIL 07 source News Limited

Agent sues Westpac for bouncing cheques 24TH APRIL 07 source SMH

Bendigo mob have reason to knock back Banana Bank 24TH APRIL 07 source SMH

Very nice: MacBank helps Borat's mates 24TH APRIL 07 source SMH

Barclays bids $107b for ABN Amro 24TH APRIL 07 source SMH

$1m for Promina chiefs 23RD APRIL 07 source News Limited QLD

Bendigo Bank in trading halt with bid pending 23RD APRIL 07 source SMH

Deadline looms 23RD APRIL 07 source News Limited QLD

THE Macquarie Bank-led consortium bidding $11.1 billion for Qantas now has just two weeks to get its ambitious tilt for the Aussie icon over the line, after yesterday refusing to extend its offer beyond next Friday

ANZ sweetens Etrade offer 23RD APRIL 07 source SMH

Banks go back to their branches 23RD APRIL 07 source SMH

Terror fight 'will hit bank fees' Reported by Peter Gosnell - 20TH APRIL 07 source News Limited NSW

BANK customers could be slugged up to $50 a year in new fees as financial institutions look to pass on the cost of the Federal Government's counter terrorism strategy.

On Thursday, ANZ Bank is set to post record first half earnings of around $2 billion on the back of strong revenue growth in a high interest rate environment, as the bank continues to expand its branch network.

Bank deal has players seeing red 20TH APRIL 07 source News Limited NSW

The players are angry CA's multi-million dollar, three-year deal with the Commonwealth Bank CBA – which sponsors the annual tri-series, the one-day team and the Centre of Excellence – has been so heavily protected that it does not allow players to have dealings with other companies in any way associated with the broader financial market.

___________________________________________________________________

Switchbanks suggest you read another article from March.

CBA confident it can do the double-digit performance too 19TH APRIL 07 source SMH

CBA Banks get low score from small business CBA is the worst it seems

___________________________________________________

MacBank funds in $4.8bn radio deal 19TH APRIL 07 source News Limited MAC

CBA says on track for full-year growth 18TH APRIL 07 source News Limited NSW CBA

Macquarie offloads US trust for $1.24b 18TH APRIL 07 source SMH

MARKET DATA MONEY PORTFOLIOS & WATCHLISTS QUOTES BUSINESS NETWORK Macquarie offloads US trust for $1.24b

Financial giant ramps up hiring 17TH APRIL 07 source News Limited Aust IT

HERITAGE FINANCIAL GROUP - Following the merger of Halifax and Bank of Scotland on 10th September 2001. HBOS Australia is a holding company, formed in 2004, to oversee the local operations of the British financial services group of the same name. HBOS Australia comprises four diverse financial services operations, BankWest, Capital Finance, St Andrew's Australia and BOS International. Profits go to HBOS overseas HBOS is one of the world's largest financial services groups and the Australian business made a $661 million pre-tax profit for calendar 2006, which was up 20 per cent while its Scottish parent raked in a huge $13.7 billion profit.

NAB to send 85 more jobs overseas 13TH APRIL 07 source SMH

The latest move takes the number of jobs NAB has sent overseas recently to 260. NAB has now joined ANZ and St George as being the most aggressive of the banks looking to send work overseas, with Westpac a more reluctant convert and only the Commonwealth ruling out such moves.

SWITCHBANKS would like to thank Sharon Sunderland from ST GEORGE BANK SGB (Business Loans Sector) - Our client wanted a Business loan opened (Switchbanks helps for free, as we select certain cases that need immediate help) asap and most banks had a very difficult startup period for new accounts in the business loan applications sector. Some banks wanted $5,000 or more to proceed with an application. Sharon from St George opened up the whole business account for our client within 7 minutes. Truly amazing what she did, moreover I asked her to call the client back asap to enable this application (She called within 30 seconds).

The client was left with such elation at the speed of ST GEORGE and sharon's professionalism that his entire family are changing over to ST GEORGE, we at Switchbanks might too.

However, a Commonwealth bank employee laughed at us for working on behalf of a client for free, Switch went higher in ranks to ask why such an employee would have a pathetic attitude towards opening a new business loan with CBA (Commonwealth are now investigating internally), regardless Switchbanks will wait for there response as promised to see why it was so difficult.

Heritage Building Society kept transferring the phone on and on to find the right person, NAB was too late in response time, Westpac never returned our call till 5 hours later, and the Queensland Teachers Credit Union (We wont mention the location of this branch) was unbearable, one nice lady stated the client could open up straight away with no amounts and hassel free problems. Then a call came back 10 minutes later from a Manager (not friendly) that a $20,000 dollar deposit was needed even though the client had banked with them for more than 23 years. Goes to show you that new business is sometimes not needed with such small institutions. ST GEORGE is a red hot favourite for winning the Bank of the year award in 2008, after many successful calls to them.

Switchbanks was not paid for this quote.

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