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Economy

Heritage Bank announces replacement for retiring retail leader
24 April 2018
mortgagebusiness

Heritage Bank has appointed current senior executive Kevin Potter to fill the vacancy left by the retirement of long-serving head of retail Paul Francis.

Mortgage manager announces new appointments
24 April 2018
mortgagebusiness

Mortgage lender Better Choice Home Loans has continued its national expansion with the announcement of two key appointments to its sales team.

Analyst worried about vertical integration amid RC revelations
24 April 2018
mortgagebusiness

Morningstar has flagged vertical integration as a potential issue for banks as the royal commission continues to find “very disturbing” evidence of misconduct among financial services ...

Banker misconduct not a threat to stability: Morrison
23 April 2018
mortgagebusiness

Treasurer Scott Morrison has insisted that revelations of misconduct identified by the royal commission would not pose a threat to financial stability.

Fractional investment most popular with Millennials
23 April 2018
mortgagebusiness

Younger Australians are more likely to engage in online fractional property investment, according to new research from the University of South Australia.

Government announces RBA board replacement
20 April 2018
mortgagebusiness

Treasurer Scott Morrison has announced Kathryn Fagg’s replacement on the board of the Reserve Bank of Australia.

New ACCC deputy chair announced
20 April 2018
mortgagebusiness

Treasurer Scott Morrison has announced the appointment of a new deputy chair to the Australian Competition and Consumer Commission.

Government announces ‘significant’ corporate crackdown
20 April 2018
mortgagebusiness

The federal government has announced plans to reform the Corporations Act to increase criminal penalties for misconduct as damning evidence continues to be revealed before the royal ...

CEO of AMP resigns with immediate effect
20 April 2018
mortgagebusiness

AMP chief executive Craig Meller has brought forward his resignation from the end of the year, to step down immediately in light of evidence of misconduct uncovered by the royal commission

Banker misconduct could lead to ‘jail time’
20 April 2018
mortgagebusiness

Treasurer Scott Morrison has slammed AMP for misleading ASIC amid revelations of “deeply disturbing” misconduct by its staff, highlighting that such behaviour could attract “jail time”