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Economy

Potential for sharp corrections has 'spiked': S&P

A strong run in credit, listed equity and real estate across the Asia-Pacific region has led a global ratings agency to warn of escalating risks.

mortgagebusiness
Regional bank follows majors in scrapping ATM fees

One of Australia’s largest non-major lenders has decided to remove fees so that no customer pays an ATM fee anywhere in Australia.

mortgagebusiness
Banks condemn 7-day BEAR consultation

The Australian Bankers’ Association has taken the government to task for its seven-day consultation period on the Banking Executive Accountability Regime (BEAR).

mortgagebusiness
Pepper receives updated proposal from KKR Credit

Non-bank lender Pepper Group Limited has received an "improved proposal" from investment manager KKR Credit, which would allow Pepper to pay a fully franked special dividend of up to 10 ...

mortgagebusiness
Big four scrap ATM fees

In a landmark move for Australian banking, the majors announced over the weekend that they have decided to abolish ATM withdrawal fees.

mortgagebusiness
Equifax Australia ‘not compromised’ by security breach

The Australian and New Zealand arms of credit reporting agency Equifax has reassured industry that it was not affected by the recent cyber security incident in the US.

mortgagebusiness
RateSetter completes $10.5m capital raising

Private equity firm Five V Capital has led a $10.5 million capital raising for peer-to-peer lender RateSetter Australia.

mortgagebusiness
Debt control: too little, too late?

OPINION: Fresh warnings from the Reserve Bank of Australia about the nation’s love affair with debt suggest that the problem originated years before lenders felt the long arm of APRA.

mortgagebusiness
Sydney SMSF spruiker cops permanent ban

A Sydney man has been permanently banned by ASIC from financial services and credit in connection with property and SMSF spruiking.

mortgagebusiness
Market competition: A primary hurdle for growth

According to the recent trail book opinion survey conducted by Momentum Intelligence, 32 per cent of mortgage brokers considered competition as the biggest hurdle to business growth.

Nick Young, market competition, growth, business growth, mortgage brokers
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