Economy

LandMark White rebrands
11 December 2019
Timothy Rabbitt

The property valuation firm has commenced operating under a new business name.

Major bank drops mortgage rates
9 December 2019
Arrow down

A big four bank has announced cuts to its variable home loan rates across both its owner-occupied and investment products, with its basic variable rate dropping to its “lowest level on ...

Challenger appointed ABSF investment manager
9 December 2019
mortgagebusiness

The government’s AOFM has appointed Challenger Investment Partners as the external investment manager to oversee the administration and portfolio maintenance of the new business ...

APRA proposes banking data transparency
9 December 2019
mortgagebusiness

A new proposal made by APRA could see the financial data of banking institutions made publicly available, to an extent that greatly exceeds current data publication practices.

Big 4 to carry heavier capital burden
6 December 2019
Big four banks

New Zealand’s central bank has introduced new regulatory requirements that would require Australia’s major banks to hold billions in additional capital.

NextGen announces new document verification service
6 December 2019
NextGen announces new document verification service

The technology services provider has announced a new service that automatically validates customers’ identification documents against government databases, reportedly cutting down loan ...

Stability risks quelled by housing recovery
6 December 2019
APRA, RBA, ASIC, Treasury

The national turnaround in the housing market has injected Australia’s financial regulators with renewed confidence.

Mortgage arrears fall, to remain low: S&P
5 December 2019
S&P Global

Home loan delinquencies declined over the past quarter and are set to continue falling in response to rate cuts, according to S&P.

BOQ opens second phase of capital raising
5 December 2019
Stock trading

The non-major has opened trading for the second round of its capital raising aimed at bolstering its capital position.

Cold-call CCI sales to be banned next year
4 December 2019
Cold-call CCI sales to be banned next year

A ban on unsolicited “cold call” telephone sales of consumer credit insurance and direct life insurance will take effect from 13 January 2020, the financial services regulator has announced