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Economy

Suncorp Bank CEO to retire

Suncorp Group’s banking and wealth division chief executive officer is retiring after six years with the company.

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P2P funder makes key appointment

Australian peer-to-peer (P2P) invoice financier The Invoice Market (tim) has strengthened its senior management team by appointing a new national head of sales and referral partnerships.

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WA leads nation for mortgage arrears

The number of home loans in arrears saw another increase during the first quarter of 2016, with Western Australia topping the nation.

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Mutual banks outpace majors for mortgage growth

Home loan growth among the mutual banks was more than double that of the big four in the last quarter, new figures released by APRA and the Reserve Bank show.

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DirectMoney makes new board appointment

ASX-listed lender DirectMoney has appointed a former banking executive as a new director of its board.

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Australian dollar facing ‘perfect storm’

The Australian dollar is likely to experience its most volatile month in over a decade, according to a foreign exchange firm.

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How much is your business worth?

For many business owners, their business is a major component of their overall personal wealth and in many cases will form a significant part of their retirement funds.

Jeff Long, worth, business, how much
Banks warned of growing housing market risks

A re-acceleration in house prices and increasing household leverage are bad news for the credit profiles of Australian banks, Moody’s Investors Service has warned.

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YBR appoints new director

Yellow Brick Road (YBR) has announced the appointment of a former senior ASIC employee as a non-executive director of its board.

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Home loan volumes ‘elevated by historic standards’

Recent ABS data reflects the healthy state of the Australian mortgage market, a senior economist says.

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