Economy

Jul 27 2018

The ABA and major banks have called for changes to the proposed rules that would define the jurisdictional parameters of AFCA, calling certain provisions “inappropriate”.

Jul 27 2018

The financial services royal commission is continuing to undermine trust in the banking sector, with new research revealing that consumers are now less inclined to back their bank.

Jul 27 2018

Standard & Poor’s has provided top preliminary ratings to $484 million of ME’s second residential mortgage-backed securities (RMBS) issue of 2018.

Jul 26 2018

The professional services giant has highlighted how third-party distribution is an effective way for banks to diversify and de-risk their mortgage books.

Jul 26 2018

Moody’s has provided its highest provisional rating to $589 million of Pepper Group’s second residential mortgage-backed securities (RMBS) issue of 2018.

Jul 25 2018

House prices in Australia will continue their downward trend for at least another two years, economists surveyed by Bloomberg have said.

Jul 24 2018

The wealth giant has acknowledged that it has “let down [its] customers” and has said that it will “do whatever it takes” to regain trust, following a damning report on ABC’s Four Corners ...

Jul 24 2018

The mortgage broking industry contributed nearly $2.9 billion to the Australian economy in 2017, supported more than 27,100 full-time workers and increased competition in the lending space, ...

Jul 24 2018

The embattled wealth giant has lodged its defence to the shareholder class action filed by Quinn Emanuel in May, contesting allegations of failed disclosure to the market.