Banks (Finance)
The Senate Banking Committee passed budget legislation that aims to eliminate the last differences separating the nation's savings institutions and banks. This move follows a similar vote by the House Banking Committee on Tuesday night to combine the two industries' separate deposit insurance funds. The legislation also
Banking industry
In a move that could leave customers shouldering the responsibility for forged cheque losses, the National Australia Bank is appealing against a New South Wales Supreme Court decision. The decision held the bank liable for $600,000 worth of cheques forged by a bookkeeper over three years. The NAB is
Banks (Finance)
The Reserve Bank of Australia sought to alleviate concerns of home buyers yesterday, stating that there is little chance of a major collapse in home equity despite low inflation, higher interest rates, and weak house prices. While acknowledging that household debt is still rising faster than income, the bank emphasized
