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Economy

Benefits of low rates to offset margin squeeze, insists RBA
12 March 2020
Guy Debelle

The Reserve Bank has claimed that the impact of its rate cuts on credit quality would outweigh the strain on bank margins.

Big banks outline response to COVID-19
12 March 2020
Big banks outline response to COVID-19

The major banks have outlined support measures for consumers and business affected by the coronavirus outbreak.

Five warning signs that a business is headed for cash flow problems
11 March 2020
Five warning signs that a business is headed for cash flow problems

If a business turns a profit at the end of each year, the business must be safe, right? If you ask most small and medium business owners, they will tend to say yes. However, the profit & ...

‘Think again’: PM issues call to action amid recession fears
11 March 2020
‘Think again’: PM issues call to action amid recession fears

Prime Minister Scott Morrison will shortly release a stimulus package to help offset the “hydra-headed” impact of the coronavirus outbreak and has urged the business community to play their ...

Customer influx bolsters ING profits
11 March 2020
ING Australia CEO Uday Sareen

The non-major has reported a 9.7 per cent increase in its statutory net profit, helped by strong customer growth that contributed to a $3.1 billion rise in its mortgage portfolio.

Non-major bank scraps account keeping fees
10 March 2020
Suncorp

Suncorp Bank has announced it is removing all account keeping fees for its personal and business transition deposit customers, claiming it is the first of the major and regional banks to do ...

Major bank savers face rate cuts
10 March 2020
CBA

The Commonwealth Bank of Australia (CBA) has announced it has slashed interest rates on some of its savings accounts as it seeks to recoup some of the costs from cuts to the cash rate.

Banks playing "catch-up" on data
10 March 2020
Data

Incumbent banks need to leverage data technology to improve product innovations and stay ahead of upstart challengers, according to enterprise data company Cloudera.

Auction volumes fall, clearances hold
10 March 2020
mortgagebusiness

The number of auctions held across the country fell week-on-week, however clearances have continued to hold above 70 per cent.

LATEST PODCAST: Coronavirus derails market sentiment
9 March 2020
LATEST PODCAST: Coronavirus derails market sentiment

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgages market.