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Australian banks
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- 1Australian banks cut rewards ahead of card surcharge ban●Banks cut rewards programs, free travel insurance amid surcharge ban By Adelaide Miller Sweeping reforms from the Reserv
Australian banks are slashing rewards programs and dropping free travel insurance as sweeping reforms from the Reserve Bank of Australia take effect this week. The reforms, which include a ban on card surcharges, have prompted banks to hike fees and scale back perks ahead of the changes, with customers set to feel the impact on everyday banking.
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Investment bank Jefferies has named its top stock pick in Australia's internet sector, according to a note circulated widely across financial news outlets including Investing.com and Yahoo Finance editions in Australia and Canada. The recommendation has drawn attention from investors tracking Australian online and e-commerce companies, though the specific company and the bank's reasoning were not detailed in the available coverage.