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AMP continues ‘board renewal’ with new appointment
12 June 2018
AMP continues ‘board renewal’ with new appointment

The financial services provider has announced the appointment of a new non-executive director to its board, as it continues to “rebuild” following revelations of misconduct identified by the ...

Aussie banks less reliant on offshore funding: RBA
12 June 2018
mortgagebusiness

The Reserve Bank has outlined how Australia’s banks, which have traditionally relied on foreign markets for funding, have grown increasingly reliant on domestic deposits.

Italy ‘clearly an issue’, says AMP’s Oliver
12 June 2018
mortgagebusiness

Political changes in Italy have wreaked havoc on markets, but the issues are likely to reach boiling point on 20 September, according to AMP Capital chief economist Shane Oliver.

LATEST PODCAST: Record-breaking penalties, broker attitudes and broker business models
11 June 2018
LATEST PODCAST: Record-breaking penalties, broker attitudes and broker business models

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgages market.

Prospa float postponed indefinitely
11 June 2018
Postponed, time, clock

Small business lender Prospa has indefinitely delayed its float on the Australian Securities Exchange after consulting with its investment bankers.

Refinancing difficulties affecting mortgage payments: Fitch
8 June 2018
mortgagebusiness

Borrower repayment rates are dropping as a result of tighter underwriting standards, which have made it harder for mortgage holders to refinance, Fitch Ratings has reported.

Rate haggling saving mortgagors thousands, study finds
8 June 2018
mortgagebusiness

Seven in 10 borrowers have been successful in haggling their lender for a lower mortgage rate, a new study has found.

Golden era for banks is over: Morgan Stanley
7 June 2018
Golden era for banks is over: Morgan Stanley

The investment bank has cut its price targets on all of the major banks by an average of 7 per cent as tighter lending standards and the royal commission take a toll.

Treasurer warns of ‘suffocating’ the economy with ‘unnecessary’ regulation
7 June 2018
Treasurer warns of ‘suffocating’ the economy with ‘unnecessary’ regulation

Treasurer Scott Morrison has said that the government response to the royal commission will need to be careful not to “create a self-fulfilling problem” by creating “unnecessary regulation” ...

Cartel case to be heard in court next month
5 June 2018
Scales of Justice, cartel case, ANZ, Citigroup, Deutsche Bank

ANZ, Citigroup, Deutsche Bank and six individuals have been called to appear in court next month to answer allegations of cartel conduct regarding an institutional share placement.