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Economy

Expanded grant program aims to help address homelessness
10 April 2018
mortgagebusiness

Community Sector Banking has announced that it will provide $300,000 in grants to not-for-profits supporting people experiencing homelessness and domestic abuse.

Financial ‘freedom’ equals $1m in NSW
9 April 2018
mortgagebusiness

A new report released by NAB has revealed that Australians believe that around $830,000 would grant them “financial freedom”, with those living in NSW stating that they would need around $1 ...

Government consults on BEAR regime
9 April 2018
mortgagebusiness

The federal government has released further information on how the Banking Executive Accountability Regime will be implemented.

CML Group expands funding facility to $120m
9 April 2018
mortgagebusiness

CML Group has announced the expansion of its existing institutional funding facility from $40 million to $120 million on a revolving 12-month term.

‘Synchronised’ bank behaviour thwarting competition: ACCC
6 April 2018
mortgagebusiness

The behaviour of the big four banks “resembles synchronised swimming” and is not conducive to “vigorous competition”, according to the Australian Competition and Consumer Commission

Regional markets buck downward trend
6 April 2018
mortgagebusiness

Dwelling values in Australia’s regions have defied the slowdown trend that has affected the capital cities, the latest data has revealed.

Household debt levels reach new record high
5 April 2018
mortgagebusiness

Household debt levels continue to climb throughout 2017, reaching a new record high, according to recent data.

Greens propose ‘People’s Bank’ for low interest loans
5 April 2018
mortgagebusiness

The Greens have called for the establishment of a government-owned “People’s Bank” backed by the Reserve Bank of Australia.

‘Room for improvement’ in remuneration frameworks
5 April 2018
mortgagebusiness

The design and implementation of remuneration practices at large financial institutions leave “considerable room for improvement”, the prudential regulator has warned.

Heritage Bank appoints permanent general counsel
4 April 2018
mortgagebusiness

The mutual bank has confirmed that Benn Wogan will fill the role of general counsel on a permanent basis.