Daily Dispatches: ACCC keeps extra eye on Big Four
The competition regulator is believed to be keeping a watch on the major banks after NAB "telegraphed" its pricing intentions on home loans ahead of the RBA decision. Since revelations last year over potential price co-ordination among petrol retailers, the ACCC has widened its monitoring to other industries. (Herald Sun)
New industrial relations laws that impose stricter redundancy rules may not change the more distasteful practices within the financial services industry. (Money Management)
Rural Bank has reported a rise in first-half net profit, thanks to improved interest margins and tight cost control. (The Australian)
