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Economy

Major bank boss says market is ‘dominated by headwinds’
19 December 2016
mortgagebusiness

The CEO of a big four bank has outlined four major trends that are reshaping the organisation’s future.

Federal Court fines banks for cartel conduct
19 December 2016
mortgagebusiness

A Federal Court ruling will see both ANZ and Macquarie Group pay multimillion-dollar penalties for attempted cartel conduct, according to the ACCC.

Return to crisis-era spreads may lead to downgrades
19 December 2016
mortgagebusiness

S&P Global Ratings has warned that nearly one in 10 corporate debt issuers around the globe could be downgraded if credit spreads return to levels seen during the financial crisis.

Bank changes fixed and variable rates
16 December 2016
mortgagebusiness

A Queensland-based bank has announced variations to fixed and variable home loan rates for both new and existing customers, including a seven basis point increase for existing residential ...

Bank to reprice investor home loans in 2017
16 December 2016
mortgagebusiness

A challenger bank will hit property investors with a 15 basis point variable rate hike in the new year.

Weak GDP data hits consumer confidence
16 December 2016
mortgagebusiness

Consumer confidence fell sharply last week, with the headline index dropping to its lowest level since May, new research has found.

Non-mining economy ‘losing steam’ as business conditions fall
16 December 2016
mortgagebusiness

The aggregate level of business conditions dropped in November, falling to its long-run average for the first time since April 2015, which according to NAB suggests that the non-mining ...

Regional bank changes fixed and variable rates
15 December 2016
mortgagebusiness

A regional bank has announced an increase to variable interest rates and adjustments to fixed rate loans, including a 26 basis point increase for one of its products.

Non-bank names new CEO
15 December 2016
mortgagebusiness

An Australian mortgage provider has announced the appointment of a new group chief executive.

Real estate boss slams NSW government's $4bn ‘revenue party’
15 December 2016
mortgagebusiness

A leading real estate group has challenged the NSW treasurer’s claim that the state government is improving housing affordability by focusing on new supply to put downward pressure on prices