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Economy

Banking royal commission impacting stress and job security
15 March 2019
Courtroom

More than a quarter of financial service workers in Australia find their job “extremely stressful” and are less confident of their job security, new research has found.

LandMark White CEO resigns following data breach
14 March 2019
Chris Coonan

The CEO of the ASX-listed property valuations company has resigned in lieu of “major reputational” damage caused by a cyber attack that exposed the private data of financial services ...

Prospa surpasses $1bn in loan originations
14 March 2019
Coins stack

The SME lender has announced that it has provided more than $1 billion in loans to over 19,000 SMEs in Australia and New Zealand. 

Banks on track with remuneration reform: Sedgwick
13 March 2019
Westpac, CBA, ANZ, NAB

The banking industry is on track to meet its deadline to implement changes to how “tellers and sellers” are remunerated, an independent report commissioned by the ABA has concluded.

AMP ‘surrenders’ fees-for-no-service documents
13 March 2019
AMP

The wealth giant has caved to requests from Australia’s corporate watchdog to hand over documents relating to fees-for-no-service breaches.

A third of couples not financially healthy, study finds
13 March 2019
mortgagebusiness

More than a third of committed couples in Australia are not in financially healthy positions, according to a new study.

Slowing credit growth ‘credit negative’ for banks
12 March 2019
mortgagebusiness

Housing credit growth has dropped “close to a historical low” at 4.4. per cent, impacting banks’ earnings growth and resulting in a “credit negative”, according to Moody’s Investors ...

Capital city auction volumes down 32%
12 March 2019
Auction

There were 565 fewer auctions reported in the past week than in the corresponding period a year prior, new CoreLogic data has revealed.

Comyn questioned over home loan referral conflicts
11 March 2019
Matt Comyn

Commonwealth Bank CEO Matt Comyn has been questioned over the lender’s continued use of home loan referrers outside the mortgage profession.

Bank warns of reported third-party data breach
11 March 2019
Bank of Queensland

The Bank of Queensland has announced that it has been made aware of a personal data breach by a third party provider.