International Finance

Tag : Commonwealth Bank of Australia


ACCC to review power of Australia’s big four banks

The Australian Competition and Consumer Commission (ACCC) is planning to review the powers of the country's four largest banks amid growing concerns that lending caps have limited competition and high barriers to entry have stifled rival...

Australian overnight interest rates kept unchanged

The move, which comes on the eve of the national budget, is the most prudent course, says RBA Governor, reports Team IFM Sydney, May 8: In a widely-anticipated policy announcement on Tuesday that has propped the country’s construction sector and stoked employment since last September, Australia’s central bank said it was keeping its overnight cash...