Westpac and St George banks have joined the National Australia Bank in discounting their overdrawn fees.

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WESTPAC chief Gail Kelly has flagged a technology-supplier squeeze as part of the $12 billion acquisition of St George Bank.

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A couple of weeks ago City Hall in London put out a modest Press announcement about our plans for St George's Day – and we couldn't believe the reaction. The phones went wild. The emails and the letters started to swamp our response teams.

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Westpac has given itself until 31 March 2009 to come up with a technology integration strategy for St George and hopes to commence systems integration by September next year.

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Westpac says it has completed its merger with St George Bank.

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St George Bank shareholders have overwhelmingly voted to approve a $14 billion takeover bid by Westpac. At an extraordinary general meeting in Sydney today, more than 94 per cent of St George shareholders who voted supported the deal.

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The merger of Westpac and St George banks has been approved by the federal Treasurer Wayne Swan. Mr Swan says as part of the approval strict conditions will imposed on the acquisition to "ensure the best possible outcome for both Westpac and St George customers and employees".

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St George Bank has recommended an improved $17 billion bid from Westpac Banking Corp that will give the happy dragon's shareholders a higher dividend payout. If successful the revised proposal will lead to the biggest takeover in the banking sector in Australia.

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The Finance Sector Union says a proposed merger between the Westpac and St George banks would put bank employees across Australia at risk of being made redundant.

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The Australian Competition and Consumer Commission (ACCC) says competition issues have emerged from its initial inquiries into the proposed $16 billion takeover of St George Bank Ltd by Westpac Corp.

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Consumer advocates are concerned a proposed merger between Westpac and St George Bank would reduce competition in the banking sector.

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Westpac and St George have gone into a trading half this morning as new Westpac CEO Gail Kelly attempts to hammer out a friendly takeover of the bank she ran for five years until defecting last year.

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ST GEORGE bank customers' account information has been exposed through a security flaw in the sign-up process for the online share trading service.

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Westpac and St George Bank have become the latest institutions to announce higher interest rates following the Reserve Bank's tightening of the official cash rate.

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Being proud to be English could cost a homeowner a £1,000 fine.

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Whilst the article relates to Australia, the thrust of it applies to pretty much every bank in the Western world for the past 25 years. The banks are pretty much charging everyone for storing their money, withdrawing their money and probably breathing to boot.

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Former Australian rugby league Test captain Ken Kearney has died at the age of 82. The influential St George hooker suffered a heart attack at his Gold Coast home on Friday. He also played for Leeds and the Kangaroos - the Australian nation rugby league team.

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