Displaying items by tag: Interest rates

Consumer advocacy group CHOICE claims Australian banks have "pocketed" $6.3 billion over the last decade by failing to pass interest rate cuts onto credit card customers.

Branchless digital bank Volt Bank says it has started “onboarding” a selection of early-adopter customers from its 40,000 waitlist, while announcing a ‘no catches’ ongoing base interest rate of 2.15 per cent on savings, ahead of a public launch planned for early 2020.

Some money lending websites in New Zealand are “potentially” not complying with disclosure rules by failing their obligations to clearly and prominently display costs of borrowing for consumers, according to the competition enforcement and regulatory agency, The Commerce Commission.

The outlook is bleak for the IT sector, with demand for executives falling two months in a row as the national economy struggles to gain traction.

The year has started well but cautiously for executives looking for employment in the IT sector, with executive demand in January rising a slim one percent (1%) following on from positive trends at the end of 2014.

Despite avoiding a drop off in October, demand for executives in the IT sector dropped 9% in November, continuing a three-year period of generally flat demand in the technology industry.

The demand for executive rose modestly in July in most industry sectors, but the IT industry missed out, recording an 18% retraction, according to the latest executive employment index.