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Economy

APRA changes to limit pull of ‘riskier’ non-banks

Non-banks have hit back at “unfounded” claims from the CEO of an industry association, who has suggested that under APRA’s proposed changes, borrowers “won’t be forced” to seek “riskier” ...

Michael Lawrence
FHB scheme could ‘morph’ into grant

The government’s low-deposit home loan scheme for first home buyers is “not a game changer” but could evolve over time if budgetary trends continue, according to one economist.

Auction sign in front of home
Maurice Blackburn to spearhead AMP class action

The NSW Supreme Court has selected Maurice Blackburn as the legal firm to take forward a shareholder class action against AMP.

Maurice Blackburn to spearhead AMP class action
Homes lingering on market for longer

The median time on market for a residential dwelling has almost doubled, reflecting subdued demand for housing amid falling property prices, a new analysis from CoreLogic has revealed.

For sale
Major banks endorse UN’s responsible banking principles

NAB and Westpac are among the 56 banks to endorse the United Nations’ Principles for Responsible Banking that will be launched in September.

Major banks endorse UN’s responsible banking principles
Pepper, Mortgage House RMBS issuances get rated

Standard & Poor’s has assigned definitive ratings to the latest residential mortgage-backed securities issuances of Mortgage House and Pepper Group.

Pepper, Mortgage House RMBS issuances get rated
AFCA on the hunt for new recruits

The dispute resolutions body is seeking recruits for several newly created senior positions to support its transition into a new phase of operation.

David Locke
Big banks can handle fintech competition

Australia’s large banks have the financial resources to compete with emerging fintechs, while smaller banks may be left behind, according to a new Moody’s report.

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Investors ‘ready to go’ with certainty restored

The Coalition government’s return to office has lifted the sentiment of property investors, which is likely to trigger a “bounce” in market activity, according to Empower Wealth CEO Ben ...

Ben Kingsley
RBA concedes it will ‘consider’ rate cut in June

Expectations of a cut to the official cash rate have been heightened after RBA governor Philip Lowe conceded that an adjustment may be “appropriate” to reverse subdued inflation trends and ...

Philip Lowe
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