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Economy

ME cracks down on foreign borrowers

ME is the latest bank to impose lending restrictions on foreign buyers, following recent moves by other non-majors as well as the big four.

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‘Ingredients in place for Australian housing crash’

A new report has warned that property investors could be hit by a severe housing downturn if credit growth moves into negative territory.

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Cash rate to remain steady: HSBC

The Reserve Bank of Australia will keep the official cash rate on hold at 1.75 per cent, according to HSBC – with last week’s stronger GDP figures likely to calm fears about low inflation.

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BOQ director resigns

Bank of Queensland (BOQ) has announced the resignation of a non-executive director who was a key figure in the group’s partnership with Virgin Money.

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Investors face unprecedented hurdle in 2016

Investors have been warned that the rapidly changing nature of the real estate market and data reporting could derail their portfolio growth.

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Rabobank reveals new CEO

Rabobank Australia has appointed its deputy chief executive as the non-major bank’s new head.

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Home sales outlook positive despite decline: HIA

Only one of the five mainland states experienced growth in detached house sales during April, following a strong rise in March, according to figures by the Housing Industry Association (HIA)

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Brexit could hit financial services

Companies within the UK financial services sector could be forced to relocate to mainland Europe if British voters decide to leave the European Union on 23 June, according to an Australian ...

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ASIC bans former non-bank director

ASIC has banned the former director and in-house counsel of a failed non-bank lender from managing corporations and providing financial services for five years.

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MyState inks loan referral deal with DirectMoney

ASX-listed marketplace lender DirectMoney has established a loan referral agreement with MyState Bank.

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