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Business conditions improved slightly in November, thanks to a boost in mining, retail and services sectors, a survey has found.
A survey finds generation Y are far more financially savvy than they are given credit for.
All four big banks have passed on the full central bank rate cut, saying they want to support customers in a tough economic times even though costs are rising.
US bank Citigroup has announced it is cutting 4500 jobs, resulting in a $US400 million ($A391.56 million) charge in the fourth quarter.
The days when banks can slug credit card holders with late payment fees may be numbered thanks to a Federal Court ruling against ANZ Bank.
Australia's big four banks have their credit ratings downgraded by Standard & Poor's as the agency changes its criteria for assessing banks.
