Economy

Warning issued to bushfire-affected banking customers
30 January 2020
mortgagebusiness

An industry group has issued a warning regarding scammers requesting sensitive information from bushfire-affected banking customers.

Clearance rates, auction volumes bounce
29 January 2020
Auction sold

A “significant increase” in clearance rates and auction volumes was reported over the December quarter, according to CoreLogic research.

Financial accountability regime to be extended
24 January 2020
Financial accountability regime to be extended

A consultation has opened on extending BEAR obligations to all APRA-regulated entities, including insurers and superannuation entities, under the new Financial Accountability Regime.

Former BT Financial CIO joins ING
24 January 2020
mortgagebusiness

The non-major has announced the appointment of a new CIO, just a day after appointing a new chair.

HSBC appoints new Australian CEO
23 January 2020
HSBC appoints new Australian CEO

The non-major bank has appointed a new chief executive officer of HSBC Bank Australia Ltd, taking over from interim chief executive officer Noel McNamara.

Bushfire crisis drives down consumer sentiment
23 January 2020
Bushfire

The Westpac-Melbourne Institute Index of Consumer Sentiment fell by 1.8 per cent to 93.4 in January, from 95.1 in December.

ING appoints new chair
22 January 2020
John Laker AO

The non-major has appointed the former chair of APRA to head up its board.

Non-bank eyes prime space in new mortgage market push
22 January 2020
Adam Moore

A non-bank lender has unveiled plans to expand its home loan offerings after securing $250 million in funding from Goldman Sachs.

Housing remains ‘severely unaffordable’ despite correction
22 January 2020
Housing decline

The recent downturn in the property market has not been enough to ease affordability pressures, with Australia’s housing remaining among the least affordable in the world, new research has ...

Judo Bank touches $1bn in deposits
22 January 2020
Cash

The SME challenger bank has hit the $1-billion mark in deposits, nine months after receiving its banking licence.