Posted: February 3rd, 2017 | Author: Michael Courtenay | Filed under: Business News, Indeep Media | Tags: Australia, Bank, Banking, consumer-finance, regulation | Comments Off on Report Into Australian Bank Practice Finds Lenders Unfair
I’ve banked with a small bank – Bendigo Bank – since my return to Melbourne 8 years ago. Australia’s big banks have plenty of critics, and now they can add the Small Business Ombudsman to that fast growing list.
The high profile Ombudsman, Kate Carnell, who has authored a report released today into banking practices, has found lenders are not being fair when they enter into contracts with small and medium-sized businesses.
The big four banks enjoy a $19 billion advantage over their smaller rivals by still being able to self-calculate the riskiness of their home loans according to analysis from the Australian Prudential Regulation Authority.
Despite a new regulatory framework requiring the big banks to hold larger top tier capital buffers, their ability to internally assess their asset risks is still a huge advantage in terms of the amount of “expensive” capital locked up and their ability to access cheaper funding.
While the CBA, NAB, Westpac and ANZ are now required to base their regulatory capital on a blanket of at least 25 percent of mortgages being at risk, smaller lenders must base their risk weightings at 39 percent :: Read the full article »»»»
Posted: January 9th, 2017 | Author: Michael Courtenay | Filed under: Business News, China, Indeep Media, Socially Engineerd | Comments Off on Has China JUST Become The Worlds Biggest Economy?
By some measures, China is already considered the world’s largest economy. According to a report released last year by the International Monetary Fund that compared international economies by adjusting for exchange rates and purchasing power, China’s economy had already surpassed America’s as the world’s largest.
The Chinese economy is currently worth $US21.3 trillion, just nudging out the International Monetary Fund estimates for the US economy of $18.1 trillion.
This is the first time since 1872 – when the US took the mantle from the UK – it has been knocked off the top spot :: Read the full article »»»»
Posted: May 19th, 2015 | Author: Michael Courtenay | Filed under: Indeep Media | Tags: CRIME, Dating Website, Online Crime, Online Dating, Online Fraud, Online Scam, Online Security | Comments Off on 2014 Marks Largest Online Fraud Losses EVER!
Australians were scammed out of almost $82 million last year, with romance-based schemes accounting for the biggest losses, a report from the Australian Competition and Consumer Commission (ACCC) has found.
The figures showed more than 90,000 scams were reported to the ACCC in 2014, with around one in nine successfully obtaining money.
The biggest losses were experienced by those who had been tricked by romance or dating scams, which accounted for $28 million.
The report found while fewer people were falling into the trap of sending money to a false admirer, the financial losses was far greater, with 3 per cent of contacts accounting for 34 per cent of losses.
In 14 cases, the losses exceeded $500,000. Investment fraud and computer prediction software was the next most popular type of scam.
More than $21 million was lost in scams where people were asked to invest in a scheme or work opportunity, or buy into computer programs that claimed to help the user make money :: Read the full article »»»»
Posted: December 6th, 2014 | Author: Michael Courtenay | Filed under: Indeep Media, Renovation Planning | Tags: Green Building, Urban Development Planning, Urban Planning, Urban Sprawl | Comments Off on Researchers warn ‘Treeless’ Suburbs Put People’s Health at Risk
Urban planners and researchers warn increasing housing density in Australian cities must not be at the expense of tree cover and its cooling benefits.
A pilot study done by a team from the University of Melbourne warned “treeless” outer suburbs were a risk to health and wellbeing :: Read the full article »»»»
Posted: June 15th, 2014 | Author: Michael Courtenay | Filed under: Indeep Media | Tags: Interview Tips, Job Search, REBLOG, Unemployment | Comments Off on Five Questions YOU need to ask when being interviewed for a job
It’s a question that can toss an interview from smooth skiing too a railing downhill tumble, “So do you have any questions for me?”
While employers will score you on the answers you give throughout your interview, they are more likely to judge harshly at the questions you ask them.
Flipping roles, grilling your interviewer is potentially the deal closer in an interview, don’t be tempted by precariously obvious questions: salary, work hours or benefits, interviewers are more often than not put-off by a shallow, thoughtless, self-serving response.
How do you avoid a ten-eighty-three? :: Read the full article »»»»