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Reuters - 1 day ago

Australia's ASIC Says Big Banks To Refund Millions In Fees To Low-Income Customers

BRIEF-Australia's ASIC Says Big Banks To Refund Millions In Fees To Low-Income Customers July 15 (Reuters) - Australia's ASIC - BIG BANKS TO REFUND MILLIONS IN FEES TO LOW-INCOME CUSTOMERS FOLLOWING ASIC REPORT ASIC REVIEW REVEALED FOUR AUSTRALIAN BANKS SYSTEMICALLY CHARGED HIGH FEES TO BANK CUSTOMERS ON LOW INCOMES BANK CUSTOMERS ON LOW INCOMES, I

Reuters - 1 day ago

Aussie banks to return $19 mln charged in high fee to low-income customers

UPDATE 3-Aussie banks to return $19 mln charged in high fee to low-income customers Adds ANZ's response in paragraph 9 July 15 (Reuters) - Four Australian banks will give back a total of A$28 million ($18.95 million) to low-income customers, after a review by the corporate regulator found these customers had been kept in high-fee bank accounts despite being eligible for cheaper products.

Reuters - 2 days ago

World Bank dollar lifeline for Pacific islands proceeds with US, Australia push

World Bank dollar lifeline for Pacific islands proceeds with US, Australia push By Lucy Craymer and Lewis Jackson WELLINGTON/SYDNEY, July 15 (Reuters) - The World Bank is preparing a financial lifeline for Pacific Island nations, backed by the U.S. and Australia, as an exodus of Western banks from the unprofitable market prompts concern that China could fill the vacuum in the strategic region.

Reuters - 6 days ago

New Zealand dollar falls, bonds rally as RBNZ flags possible easing

New Zealand dollar falls, bonds rally as RBNZ flags possible easing SYDNEY, July 10 (Reuters) - The New Zealand dollar fell on Wednesday while bonds rallied as markets sharply ramped up bets for a rate cut as early as August after the Reserve Bank of New Zealand opened the door to possible easing if inflation slows as desired. The RBNZ held interest rates steady at 5.5%.

Reuters - 1 week ago

ANZ says in talks with Australian govt about shoring up Pacific Islands business

ANZ says in talks with Australian govt about shoring up Pacific Islands business By Lewis Jackson BRISBANE, July 9 (Reuters) - ANZ bank ANZ.AX is in talks with the Australian government about ways to make its business in the Pacific Islands more viable as an exodus of Western financial services fuels concern about rising Chinese influence, its CEO told Reuters.

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