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Economy

‘Ugly duckling’: Analyst mulls future of Aussie, CFS

Morningstar is confident that CBA’s spin-off of its wealth management and mortgage broking businesses will bode well for both the major bank and its shareholders.

mortgagebusiness
Digital client engagement ‘the norm’ for next generation

Investment Trends has released its 2018 Planner Technology Report, an in-depth study of Australian financial planners and their technology needs.

mortgagebusiness
Chinese buyer taxes give the ‘appearance’ of taking action: CEO

A fresh report has forecast that Chinese investors will continue to snap up Australian real estate as Beijing looks to loosen capital controls.

mortgagebusiness
‘We weren’t hacked’: PEXA responds to theft of home sale funds

The chief executive of e-conveyancing platform PEXA has said that the group is developing additional security measures following a recent fraud case involving a MasterChef finalist, but has ...

Hacked, theft
Customer satisfaction with banks continues to decline

Bank customer satisfaction is continuing on its downward slide as the fourth round of royal commission hearings kicks off, according to new market research.

mortgagebusiness
Consumers have less trust in the big four banks, study finds

Trust in the big four banks has plummeted as customer-owned financial institutions gain some trust, according to new research.

mortgagebusiness
Bouris says legacy wealth business ‘did not fit’ YBR model

Yellow Brick Road has announced the sale of its legacy wealth business as it focuses on its existing network of YBR branches and Vow mortgage brokers.

Mark Bouris
Bank’s rate hike triggered by ‘severe’ rise in funding costs: CFO

The chief financial officer of an Australian bank has claimed that the lender had no choice but to hike interest rates on its mortgage products in order to offset the “substantial effect” of ...

Rate hike
Banks admit to further failings as RC rolls on

The financial services royal commission has heard evidence of further wrongdoing from several lenders, including three major banks, as the public inquiry into the sector continues.

mortgagebusiness
Young mortgage professionals awarded at Sydney event

A handful of young Australians working in the mortgage and finance industry have been recognised for their excellence at the inaugural Young Leaders in Finance Awards.

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