Business

May 19, 2014

Who Really Owns the Big Four Banks?

Who owns the Big 4 banks?

In response to concerns over how our financial institutions operate, we recently launched a piece of research on the issue of bank ownership in Australia. Often consumers who choose to bank with smaller, more independent banks may, in fact, be banking with one of the ‘Big Four’. The following examination of who owns the big four (ANZ, Commonwealth Bank, NAB and Westpac) is the logical follow-on from that initial investigation.

Australia’s big four are not merely big, they’re massive. Humongous. Their combined assets in 2013 stood at $2.86 trillion—or roughly twice the size of Australia’s national income.
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May 13, 2013

8 Startups Launched on a Credit Card

City Streets

From violin shops to property empires, plenty of businesses have started on a credit card. Most of them have failed – but some of them are thriving a decade or more later. And some of them are Google, Inc.

The pros of using a credit card to fund a startup are obvious: you don’t give up any of your equity to others. You don’t need anyone’s approval. You don’t have to pay interest on loan money that you’re not using.
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January 20, 2011

11 Inspirational Entrepreneurs for 2011

Inspirational entrepreneurs

We live in a world surging with entrepreneurs. Many of us enjoy the idea of engineering something using creative ambition and like the thought of being head of our own operation. Unfortunately, some of these at first unyielding business minds have failed due to the frosty climate of recession, and with it confidence in their ability and business acumen has also withered. It isn’t often we come across those that have really hit the big time and turned their businesses into lucrative multi-billion dollar empires, but when we do, the amazing story of their journey can encourage, move and inspire us. These incredible people featured in our gallery have, against all odds, fought tirelessly for success and given us all hope to reach for even the most impossible of goals.

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June 8, 2010

The Story of the ATM: From Obscurity to a Street Corner Near You

The History of ATM's
Photo caption: John Shepherd-Barron, World’s First ATM & The First Transaction, 1967

ATMs changed not only the face of banking but also the way we go about our daily lives. According to the ATM Industry Association, there are now more than 1.7 million installed worldwide with a new one being installed somewhere in the world every couple of minutes or so.

ATMs or Automated Teller Machines were invented by John Shepherd-Barron, a relatively little known Scotsman who sadly passed away in May this year. In 2005 He received an OBE (Order of the British Empire) in the New Year’s Honours list for services to banking as the “inventor of the automatic cash dispenser”.

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August 26, 2009

When The Economy Goes Down, What Goes Up?

Let’s face facts; things aren’t exactly hunky dory when it comes to the economy. But it can’t all be bad news, can it? A slump in the economy encourages other markets to rise. The only problem is, the markets that grow may not necessarily be of interest to you, or be something that you want to invest in, or need. Of course, if you look on the bright side, a savvy investor can make a killing in a dry market.

As the economy languishes in a constant flux of ‘will it, won’t it get better’, read on to learn about the areas that grow when the economy flounders. If you’re smart, you can make some cash by playing the odds and avoid the pitfalls along the way.
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