Economy

Leading finance blogger and fintech commentator Chris Skinner says that a tech-driven revolution in banking will make a third of today’s bank staff redundant over the next two decades.

Prospective mortgage customers are increasingly making multiple applications through brokers, branches and online channels in the hope of securing a home loan.

Mortgage insurer QBE LMI is predicting Sydney house prices to decline marginally while other capital cities continue to gather momentum over the next three years.

One of Australia’s largest non-bank lenders has made a takeover bid to acquire an ASX-listed ADI for approximately $25 million.

A big four bank has reached an in-principle agreement with the corporate watchdog to settle a court action relating to alleged manipulation of the Australian bank bill swap rate.

The ratings agency is confident that capital buffers will put Australian banks in good stead to weather the risks they face over the next 12 to 18 months.

A positive uptick in domestic job growth and strong global markets have led Deloitte Access Economics to forecast calmer weather for the national economy.

The days of low wage growth rates and subdued consumer spending may be numbered, as the latest jobs figures put unemployment at its lowest level in 4.5 years.

The federal Treasurer has formally tabled legislation introducing new rules and accountability measures for executives in the banking and financial services sector.

The Tasmanian lender has been given an investment grade rating of Baa1/P2 with a stable outlook from Moody’s Investor Services.