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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

The Ultimate Guide to Responsible Credit Card Use for a Stellar Credit Score
The Ultimate Guide to Responsible Credit Card Use for a Stellar Credit Score
In the financial landscape of Australia, credit scores stand as a crucial measure of one's financial health and credibility. A credit score, essentially a numerical representation of your creditworthiness, is used by lenders and financial institutions to determine the risk involved in lending to you. This score can range from 0 to 1200, where higher scores signify better credit health and an increased likelihood of securing loans with favorable terms. - read more
Finding Financial Harmony: Balancing Your Debts and Savings Effectively
Finding Financial Harmony: Balancing Your Debts and Savings Effectively
Financial harmony involves the smooth and balanced management of personal finances, where debts and savings are optimally aligned to achieve financial stability and peace of mind. - read more
Debt-to-Income Ratio: Fine-tuning Your Finances for Loan Approval
Debt-to-Income Ratio: Fine-tuning Your Finances for Loan Approval
When you embark on the journey of securing a loan, one pivotal factor that looms large in the eyes of lenders is your debt-to-income ratio, commonly known as DTI. This crucial metric measures the chunk of your monthly income that goes towards paying debts, and it serves as a barometer for financial stability. A lower DTI can swing the doors wide open to favorable loan terms, while a higher one might signal red flags for potential lenders. - read more
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