Economy

CBA and World Bank facilitate blockchain-powered bond transaction
17 May 2019
CBA

The institutions have partnered and successfully completed a secondary bond transaction using blockchain ledger technologies to record the trading activity for the first time.

Bank appoints new CEO - 2019
16 May 2019
Bank appoints new CEO - 2019

Citi has announced a new CEO for its Australian business following David Livingstone’s move to become Citi’s CEO for Europe, Middle East & Africa.

Housing market ‘green shoots’ beginning to emerge
16 May 2019
Housing market ‘green shoots’ beginning to emerge

The housing market is showing signs of recovery, but a “V-shaped” reversal from the current trend is unlikely, according to a new analysis from ANZ Research.

Below target wage growth not enough to sway RBA
16 May 2019
Missed target

Another economic indicator has fallen below target, but it may not be enough to provide the Reserve Bank with a “clear signal” when assessing its monetary policy options, according to an ...

Decline in building approvals exceeds HIA expectations
16 May 2019
Construction of apartment

The low number of building approvals in the first quarter of 2019 is a matter of concern for the Housing Industry Association, as the decline is worse than what it had expected.

2 in 5 financial sector data breaches due to human error
15 May 2019
Data

Two in five data breaches in the financial services sector are attributable to human error, a new OAIC report has concluded.

Most consumers ‘overestimate’ their financial knowledge
15 May 2019
Financial education

Only 4 per cent of consumers are “justifiably confident” in their financial literacy, with the majority failing to grasp basic concepts, a FINSIA survey has found.

Financial firms pressed to prepare for LIBOR transition
14 May 2019
mortgagebusiness

ASIC has written a letter urging financial firms to prepare to transition from LIBOR to other benchmarks, taking into account the impact and risk of the change.

Bankruptcies tumble to 24-year low: AFSA
14 May 2019
Bankruptcies tumble to 24-year low: AFSA

The number of bankruptcies in Australia has fallen to a 24-year low, according to the Australian Financial Security Authority.

PM announces new FHB loan deposit scheme
13 May 2019
Scott Morrison

Prime Minister Scott Morrison has announced a new First Home Loan Deposit Scheme that will enable first home buyers to access a mortgage with a 5 per cent deposit.