Economy

Oct 6 2017

Insurance provider Ensurance has announced an organisational restructure and the appointment of a new executive chairman, who will underwrite half of the company’s new $3 million placement

Oct 6 2017

The International Monetary Fund has expressed shock that advanced economies are still keen to borrow more despite the “widespread misery” following the global financial crisis.

Oct 6 2017

A banking analyst believes that it is actually the “highly leveraged Australian household sector” that is too big to fail and not the major banks — as most expect.

Oct 5 2017

ASIC has remade a class order on mortgage schemes and has temporarily extended the relief for small, industry-supervised schemes.

Oct 5 2017

Despite receiving some bad press of late, securitised US student loans originated by the right counterparties are providing decent returns to investors, according to HSBC.

Oct 4 2017

Online comparison site and mortgage broker iSelect has acquired a majority stake in Kuala Lumpur–based fintech iMoney as it expands into the lucrative Southeast Asian market.

Oct 4 2017

An increasing number of mortgages are being reclassified from investor to owner-occupier loans, new figures from the Reserve Bank of Australia have shown, with $1.7 billion of loans changed ...

Oct 3 2017

The Reserve Bank of Australia has announced its official cash rate for October following its monthly board meeting.

Oct 3 2017

AustralianSuper has reduced its holding in the industry super fund-owned ME Bank to “better reflect the changed nature” of Australia’s superannuation sector.