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Finance News from Australian Internet Loans

Australian Internet Loans is pleased to present the latest financial news headlines.

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Finance News
Year: Month:

Reserve Bank Lifts Cash Rate to 4.35% in May 2026 Reserve Bank Lifts Cash Rate to 4.35% in May 2026
17 May 2026: Paige Estritori

The Reserve Bank of Australia (RBA) has raised the official cash rate by 25 basis points to 4.35% during its May 2026 meeting. This marks the third consecutive rate hike this year, following increases in February and March, as the central bank intensifies efforts to curb escalating inflation. - read more
Commonwealth Bank Shares Experience Record One-Day Decline Commonwealth Bank Shares Experience Record One-Day Decline
17 May 2026: Paige Estritori

On May 13, 2026, the Commonwealth Bank of Australia (CBA) experienced a significant market setback, with its shares plummeting by 10.4% in a single day. This decline represents the largest one-day fall in the bank's history, surpassing the previous record set during the early days of the COVID-19 pandemic in March 2020. - read more
Cigno Australia and BSF Solutions Penalised for Unlawful Payday Lending Practices Cigno Australia and BSF Solutions Penalised for Unlawful Payday Lending Practices
09 May 2026: Paige Estritori

The Federal Court has imposed a $7 million fine on Cigno Australia and BSF Solutions for operating an illegal payday lending scheme that contravened Australian credit laws. Each company received a $3 million penalty, while their respective directors, Mark Swanepoel and Brenton Harrison, were fined $500,000 each. - read more


Finance Articles

Top Credit Repair Strategies: How to Overcome Bad Credit in Australia
Top Credit Repair Strategies: How to Overcome Bad Credit in Australia
Understanding the concept of creditworthiness is essential, especially when considering the various financial decisions you make in life. In Australia, a good credit score can open doors to competitive loan rates, favorable mortgage terms, and hassle-free approvals for financing. Conversely, bad credit can be a significant roadblock, impacting your financial well-being and limiting your access to financial resources when you need them most. - read more
Online Personal Loans: How to Protect Your Information and Avoid Scams
Online Personal Loans: How to Protect Your Information and Avoid Scams
In recent times, Australians have witnessed a notable uptick in the use of online personal loans. The trend emerges as part of a broader digital transformation, where convenience and speed take precedence. This shift has facilitated access to financial services with just a few clicks, making personal loans available to anyone with an internet connection. - read more
Understanding Interest Rates: A Guide for Personal Loan Seekers in Australia
Understanding Interest Rates: A Guide for Personal Loan Seekers in Australia
As a personal loan seeker in Australia, understanding interest rates is crucial. Interest rates significantly impact the overall cost of your loan and your monthly repayments. Being well-informed ensures that you make the best financial decision for your situation. - read more
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