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Economy

Board and CEO salaries on the chopping block
10 June 2019
Australian money

The pay packages of senior officials in the finance sector has shrunk noticeably in 2019, following royal commission scrutiny, according to new Governance Institute figures.

Moody’s updates RMBS market comparison tool
10 June 2019
Moody’s updates RMBS market comparison tool

Moody’s has announced that it has updated its global residential mortgage-backed securities market comparison tool.

Ratings firm seeks funding to expand service suite
10 June 2019
Money

Adviser Ratings is looking to raise capital to fund current and future product initiatives aimed at improving conduct and compliance in the wealth management industry.

Mortgage repayment pressures ease nationwide
7 June 2019
Mortgage repayment

Home loan repayment pressures have subsided, with the share of income required to service a mortgage falling to the lowest level since 2016, according to joint research from ANZ and ...

BOQ announces new CEO and MD
7 June 2019
BOQ announces new CEO and MD

The Bank of Queensland has announced that it has hired the former CEO of Westpac’s consumer bank as its new chief executive officer and managing director.

Borrowers urged to pocket rate cut
7 June 2019
Eric Wilson

A neobank CEO has encouraged home loan customers to build a buffer by pocketing savings generated by lower mortgage rates amid weakening economic conditions.

AMP exec warns of ‘downsides’ to reverse mortgages
7 June 2019
AMP exec warns of ‘downsides’ to reverse mortgages

An AMP executive has urged pensioners to consider not just the benefits, but also the drawbacks, of reverse mortgages.

Housing investment slips, recession fears mount
6 June 2019
Josh Frydenberg

Dwelling investment has fallen for the second consecutive quarter, with the decline among several headwinds dampening GDP growth.

FHB activity falls despite improvement in affordability
6 June 2019
mortgagebusiness

Housing affordability pressures have eased but first home buyers have not reaped the rewards, according to new research.

Proposed bank levy changes ‘make no sense’
6 June 2019
Michael Lawrence

The Customer Owned Banking Association has slammed Treasury’s proposed revisions to bank levies, describing the changes as “grossly unfair”.