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Gaps in cyber security exposed by APRA

The prudential regulator has identified areas in need of improvement through its study on the financial sector’s cyber ...

PEXA appoints non-exec director

The digital property exchange platform has announced the appointment of Jeffrey Smith as a non-executive director.

Prime Minister ‘welcomes’ RBA rate pause

Anthony Albanese has welcomed the July cash rate decision, with the government stating it believes inflation has peaked and ...

Labor launches petition to stop Greens HAFF blockade

The Albanese government has launched a petition to stop the Greens from blocking Labor’s proposed Housing Australia Future ...

MyState Bank announces new head of lending

The Tasmania-based lender has appointed a new general manager for lending to lead its broker distribution, retail home ...

BNK fined for reporting failures

The prudential regulator has slammed BNK with a $250,000 fine for failing to report data.

Major bank announces executive change

NAB has announced the retirement of its group executive people and culture Susan Ferrier as of 31 October 2023.

National Anti-Scam Centre launches

Australia’s first National Anti-Scam Centre has officially launched, building a “fusion cell” to target scammers.

RBA holds, but for how long?

The Reserve Bank’s decision may come as a welcome one, but a further cash rate hike still looms.

Owner-occupier refinancing sets new record

The number and value of owner-occupier refinances hit a new record high in May, with new lending also returning to growth.

Rate hike might still be imminent despite inflation fall

Although the latest inflation figures were lower than anticipated, a rate hike is still expected by many bank economists.

Almost 70% of mortgagors worried about repayments: AMP

New research from the non-major bank has found a majority of Australian mortgage holders are concerned about meeting their ...

Dwelling approvals up in May: ABS

The latest ABS data on building approvals has revealed a lift in total dwelling approvals for May following an April decline

Bank loan books grow to over $2.1tn

Australia’s banks wrote an additional $8 billion in mortgages in May, taking their total loan books to over $2

Mortgage cliff could raise repayments by 63%

Mortgagors coming off their fixed-rate loans could see repayments more than double as we enter the new financial year.

Federal government backs CFR debanking strategy

The government has backed the four recommendations put forward by the Council of Financial Regulators to take action on ...

:Different brings in administrators

The proptech company, which was in a strategic partnership with CBA’s x15, has appointed KPMG as administrators.

Government has a ‘role to play’ in curbing inflation: AMP

As rising interest rates disproportionately affect households with mortgage debt, further fiscal tightening may be needed.

APRA bids farewell to deputy chair

Deputy chair Helen Rowell has recently announced her departure from her position at APRA after serving 10 years.

House prices no longer doubling every 10 years

Despite rapid acceleration in home prices over the pandemic, prices have actually taken longer to double than previously.

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