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The Australian dollar dived to a decade low on the news. Commonwealth Bank moved first to cut its standard variable rate.

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Dollar Financial UK (Dollar), trading as The Money Shop, Payday UK, Payday Express and Ladder Loans has agreed with the Financial Conduct Authority (FCA) to refund.

Chanticleer: Banker says break up the big four: A former high-flyer at NAB and ANZ says the big lenders have excessive market.

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The Baltic index, which tracks rates for ships carrying dry bulk commodities, was up 3 points, or 0.17%, at 1,770, rising for a second straight session. * The panamax index rose 17 points, or 0.98%,

Simply put, there was too much new debt flooding the financial system and not enough money, causing lenders to jack up repo.

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All of that money has not been used, which may be another reason why insurers are keeping rates low. The stability of the health insurance market – both individual and employer-based – continues to.

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