By: cxo99
29/08/2008
10:01 am Yahoo! Profile:
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bank sa went to the wall & their banking licence was bought by st george. the sa government poured billions in to cover depositors. this is what federal government hopes will happen, hence no need for guarantees.
as for apra, well, where were they looking when HIH died. |
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By: lasty49
29/07/2008
10:45 am Yahoo! Profile:
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With regards to the question of "How safe are my savings in the bank" and Im assuming its one of the big four in Australia.
If one of these topple it will be bailed out.If not forget about your cash as you would be experiencing a depression and the value of money who knows? |
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By: pol_pak
29/07/2008
10:11 am Yahoo! Profile:
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No end to credit crisis in sight: IMF
Tuesday July 29, 2008, 8:47 am
The International Monetary Fund (ASX: IMF) says there is no end in sight to the credit crisis gripping world financial markets, predicting that banks are in for more pain as mortgage defaults soar and economies slow.
With revelations still fresh about the extent of exposure for Australian banks NAB and ANZ, the IMF has issued a particularly gloomy assessment of the US economy in its latest global financial stability report.
Jaime Caruana, head of the IMF's capital markets division, says global markets are not stable.
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Rest of Yahoo Finance News article at :
http://au.biz.yahoo.com/080728/31/1uoja.html |
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By: perceptions_now
27/07/2008
6:31 pm Yahoo! Profile:
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Two more US Banks gone overnight Friday/Saturday!
First site is Wall Street Journal Report.
Second site is the FDIC failed bank list, which is starting to move along.
http://online.wsj.com/article/SB121703904765687047 .html?mod=googlenews_wsj
http://www.fdic.gov/bank/individual/failed/banklis t.html
Close gaps, as usual.
Well, I can only say that it is a fortunate accident of nature, that it seems banks usually go belly up on a Friday, leaving the weekend for things to settle down. |
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By: buck11266
27/07/2008
6:10 pm Yahoo! Profile:
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| The Banks,Politicians and Bureaucrats don't give a Rat's about the middle and lower income earners.Try drawing on a wages cheque after depositing in your account on a Friday. |
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By: fhann_oldgal.live
13/04/2008
12:31 pm Yahoo! Profile:
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| Some banks, such as the St Gorge bank, (god bless "em!, do still offer a bank account with a passbook, instead of an ATM card. |
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By: fhann_oldgal.live
13/04/2008
12:29 pm Yahoo! Profile:
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| Your solution doesn't work, credit cards are just numbers on plastic, which can be easily hacked into. My financial details were hacked into by a member of my own extended family, a person who had a respected position of authority, at the time. |
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By: pol_pak
1/04/2008
11:54 am Yahoo! Profile:
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There is a government guarantee for bank deposits under the old passbook account style.
Question government, Reserve Bank, etc should clearly answer is :
Whether this older regulatory guarantee extends to recently developed flexi card and internet accounts developed to reduce costs by using technology and to which many customers were pressured into transferring into by banks.
The government also pressured many old age pensioners into transferring to these, and numbers of them are very worried now....
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. |
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By: sweeney008
25/03/2008
6:15 pm Yahoo! Profile:
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just read this from Government Consultation on Financial System Guarantees
A Response on the Merit of a Deposit Insurance Scheme
3 September 2004 IBSA (International Banks and Securities Assoc): The Government and prudential authorities in Australia have made it clear on many occasions that there is no government guarantee for bank deposits under the current system of bank regulation. The evidence over the years is that market behaviour has been predicated on this understanding, which has promoted careful market scrutiny of banks.
this outfit is involved in regulation
http://www.apra.gov.au/aboutAPRA/
but I must admit that I had thought they were guaranteed. Silly me. |
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By: anthony_sadgrove
4/02/2008
6:08 pm Yahoo! Profile:
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| get rid of cash completely - it's just paper after all |
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By: dustinpendragon
1/02/2008
12:47 am Yahoo! Profile:
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| you money is as safe as it can get , unless you install a safe at your home in 2 meters of concrete , and dont tell any one , all investment schemes here in Australia are nothing more than polished scams , australia is the capital of corporate and financial scams , just look at the latest developement with the "norm carey and asic circus" look at fincorp !! soooo many liars and thieves living here off the backs of hard working people . and the regulatory body completely comotose , keep your few bucks in the bank mate ........ |
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By: nassyedward
21/01/2008
7:07 pm Yahoo! Profile:
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| Some australian bank harres international student regarding their bank account |
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By: kariseppo
21/01/2008
11:47 am Yahoo! Profile:
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| well i think if you lost your savings thats the end of every thing. during the depresion a lot of people lost there cash in the bank you look at older people that lived then they like puting there money under the bed now |
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By: davidparrycoal
19/01/2008
11:41 pm Yahoo! Profile:
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| With all the problems caused by sub-prime, how safe is my term deposit with the bank (one of the big four) in the case of a severe depression of the economy? I seem to remember a couple of banks such as Barings being toppled. Could it happen in Australia? |
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