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CBA pays $180K in penalties
The Commonwealth Bank of Australia has paid four infringement notices totalling $180,000 for breaches of responsible lending laws.
LENDER • Wed, 14 Sep 2016
Contagion risk still remains, says RBA
Regulatory action since the GFC has reduced the systemic risk posed by the 'interconnectedness' of financial entities, but more remains to be done, argues incoming RBA ...
ECONOMY • Mon, 12 Sep 2016
Regional home loan arrears outpace cities
New research has revealed that the number of home loans in arrears in regional Australia is outstripping those in the country’s cities.
LENDER • Mon, 12 Sep 2016
Bank boss on acquisition path
The managing director of a non-major lender says M&A activity in the mutuals space is “inevitable” and has revealed the bank’s future acquisition plans.
ECONOMY • Sun, 11 Sep 2016
Low interest rates drive surge in fixed rate home loans
Fresh figures have revealed that the current low interest rate environment continues to drive demand for fixed rate home loans, which accounted for 20.32 per cent of all ...
Capital shortfall approaching GFC levels, warns economist
An esteemed American economist and Nobel Laureate says slow growth and the climbing capital shortfall of international financial groups poses a serious risk to the global ...
ECONOMY • Thu, 08 Sep 2016
ING Direct to refund $5.38m in super fees
Living Super, ING Direct's super product, will compensate 24,500 of its members $5.38 million in fees after ASIC raised concerns about misleading marketing material.
ECONOMY • Wed, 07 Sep 2016
Melbourne Cup Day rate cut on the cards
The RBA is likely to cut the official cash rate to 1.25 per cent on 1 November if domestic inflation figures are lower than expected, says AMP Capital.
Mortgage broker convicted for fraud
A former mortgage professional has been convicted and sentenced on 18 charges involving the submission of false or misleading information to banks.
REGULATION • Tue, 06 Sep 2016
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