According to a latest report, the ANZ's overnight database issue has recently been resolved. This issue affected many payments to and from other banks.
The ANZ spokesperson said that all the due payments from ANZ to other banks' customers have been duly received. This has been confirmed as the accounts of the customers have been processed and credited with the required balances.
The Commonwealth Bank of Australia (CBA) has announced a new and improved mobile banking and payments app which merges two of the bank's existing CommBank and Kaching apps; thereby reducing CBA's app portfolio.
Consumers might not be happy with increasing loan restrictions, but economists think that restrictions are required to avoid any market downturn. According to them, restrictions play a vital role in preventing both banks and borrowers from having adverse effects on the economy.
The Reserve Bank has announced that it is coming up with new set rules when it comes to lending rules. The novel rules will be introduced from next week in which restrictions will be levied on low-deposit home loans.
The move is being made in order to maintain financial stability. However, builders are of the view that the move will disrupt their business. It is said that construction of new homes will get reduced.
ASB bank is withdrawing its loan pre-approvals for buyers in a surprising move. This is done to avoid buyers who have less than 20% deposits.
The bank says that the new restriction has come from the Reserve Bank on how much banks can lend from the next month.
The massive task of preventing the banking/financial sector from pushing the U. S. economy into recession again is still incomplete, even 5 years after the collapse of Lehman Brothers.
Good News USA
- Vodafone NZ’s new ‘Red Home’ packages will offer UFB and 150 TV channels
- Vodafone NZ’s full-year profit plunged by more than two-thirds to $56 million
- Vodafone adding 34 European countries to ‘AU$5 per day’ international roaming option
- Telstra launches its new ‘Every Day Connect Data Share Packages’
- Voyager signs “multimillion-dollar deal” with submarine cable group Hawaiki