Economy

Oct 28 2016

Australia’s biggest mortgage provider has confirmed that it will refund approximately $105 million in fees plus interest following the release of an ASIC report into financial advice.

Oct 28 2016

Fresh research has revealed that dwelling sales hitting the $2 million mark have increased significantly in recent years.

Oct 27 2016

A bespoke lender, who has arranged more than $100 million in development finance, sees a huge opportunity to fund borrowers that have been left “high and dry” by the banks.

Oct 27 2016

A senior economist has said that the Reserve Bank of Australia is likely to keep rates on hold next Tuesday, in light of yesterday’s “indecisively low” Consumer Price Index result.

Oct 27 2016

A non-major lender has been conducting advanced due diligence on potential acquisition targets as it sees M&A as a key growth strategy in an industry it believes is under the threat of ...

Oct 27 2016

A major bank has said that there are suggestions of a “shift in fundamentals in the property market” after non-residential construction rose to its strongest levels in recent months, while ...

Oct 26 2016

The head of a regional bank has used the group’s AGM to explain why changes in the official cash rate have little to do with the pricing of home loans.

Oct 26 2016

One of the big four banks has appointed a distinguished former public servant to its board, effective immediately.

Oct 26 2016

An independent report has found the banking industry is making good progress in its effort to implement its package of reforms – although some elements have fallen behind schedule.