Articles on Finances

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Loose regulation in the UK and elsewhere have left big banks vulnerable to crises.

Without serious reform, reckless banks will fall like dominoes

The most interesting aspect of the United Kingdom’s Financial Service Authority’s exhaustive review of the failure of the Royal Bank of Scotland (RBS) is contained in the foreword, penned by the organisation’s…
The proportion of Australians ‘saving for a rainy day’ has gone up, but the proportion of those saving for an investment property has fallen, the survey found. Flickr/Alan Cleaver

More Australians saving but households still smarting from GFC

The proportion of Australians saving their pennies has risen since June, but householders still have not recovered completely from the global financial crisis that began in 2007, according to a new survey…
The median expected inflation rate dropped this month compared to July, most likely driven by the economic turmoil in the US and Europe, as well as the domestic stock market. Flickr/Krug6

Consumers see inflation staying within RBA target

Consumers have softened their expectations on price rises, with a new survey showing that more people this month think inflation will stay within the Reserve Bank’s target compared to a similar survey…

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