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Economy

Rising debt fears could spell end of RBA rate cuts

Reserve Bank governor Philip Lowe has indicated that rate cuts could be off the table as cheap money fuels record-high levels of household debt.

mortgagebusiness
Nearly two-thirds of Aussies worried about retirement funds

The majority of Australians are concerned that they will not have enough money to retire comfortably, new research has revealed.

mortgagebusiness
New banking platform signs first ADI client

Following the launch of its new banking technology, mortgage broking and banking solution company Rubik Financial has announced the signing of its first Rubik Model Bank client.

mortgagebusiness
Bank business models under threat: EY

Global banks are under "tremendous" pressure from investors to boost return on equity (ROE) at the same time as regulators are increasing their capital requirements, says EY.

mortgagebusiness
Large capitals lose economic momentum

The growth of the economy in the country’s two largest capital cities is slowing, according to new research.

mortgagebusiness
Banks warned against ‘rolling the dice’ as growth slows

The prudential regulator has cautioned banks about the temptation to “save a few pennies” and drive growth in a low-interest rate environment by resorting to risky behaviour.

mortgagebusiness
Mistrust of banks has become ‘entrenched’, says Turner

Outgoing CBA chairman David Turner says the group is concerned about the growing number of people questioning their trust in the organisation.

mortgagebusiness
Smaller capitals to overtake Sydney and Melbourne

New research has found that in recent years Hobart and Canberra have been experiencing higher rental yields and accelerating growth, closing in on year-on-year top capital performers Sydney ...

mortgagebusiness
Risk-averse banks holding fintech back: report

Innovation is being ‘squashed’ within the financial sector by the big banks’ determination to maintain the status quo, according to a new Capgemini report.

mortgagebusiness
Non-bank integrates mortgage book following merger

Queensland-based mortgage manager Future Financial has recently integrated the portfolio of fellow mortgage manager Pioneer Mortgage Services.

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