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Economy

Mortgage customers could benefit from global shift

Expected monetary policy adjustments in overseas markets could make it easier for banks to pass on cuts to the cash rate from the RBA, according to one economist.

Shane Oliver
Respected business and tax leader passes away

Michael Andrew, a renowned tax and business leader, has passed away.

Michael Andrew AO
Mutual banks to merge next year

Two customer-owned banks have confirmed that they will merge next year to create “one of Australia’s largest nationally operating mutual banks”.

Mutual banks to merge next year
RBA faces dilemma as global markets turn

The Reserve Bank may be forced to rethink its monetary policy approach, with expected rate cuts in the US and Europe blurring the economic outlook.

RBA
Consolidation ‘inevitable’ for mutuals to compete

Continued consolidation is needed to “neutralise” some of the disadvantages mutual banks face and compete on a more level playing field with the big four, a new S&P report has stated

Consolidation ‘inevitable’ for mutuals to compete
Fewer people heading to bank branches

Just 16 per cent of people choose to use a physical bank for their finance needs, with more than half of consumers opting to bank online, new research has found.

mortgagebusiness
Hat-trick of RBA rate cuts on the table

There’s a “very real chance” that the Reserve Bank will lower the cash rate three months in a row, according to ANZ Research.

Philip Lowe
Lakeba Group appoints wealth executive to board

Technology company Lakeba Group has appointed financial services specialist Roy McKelvie as a non-executive director, as the company prepares to launch into the banking sphere.

mortgagebusiness
Fixed rate demand bounced back before RBA cut

The demand for fixed-rate loans jumped back up in May after declining in the lead up to the 2019 federal election, new data has shown.

Mortgage Choice
Bank CFO resigns

Bank of Queensland's chief financial officer has resigned from his post to "pursue other leadership opportunities", effective October 2019.

Bank CFO resigns
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