Economy

Professional services firm hires ‘bank whisperer’
19 August 2016
mortgagebusiness

Accounting and professional services company BDO has appointed “bank whisperer” Peter Winterflood to its partner ranks and made former Suncorp restructuring executive Darren Stacey an ...

'Stable' outlook for Australia's AAA rating
19 August 2016
mortgagebusiness

Ratings agency Moody’s Investors Service has affirmed Australia’s AAA credit rating, saying its strong institutional frameworks and economic resilience have contributed to a stable outlook

‘Intense mortgage competition’ to reduce bank margins
18 August 2016
mortgagebusiness

Morningstar analysts have maintained their forecast for one major lender’s net interest margin to fall as a result of strong competition and higher funding costs.

RBA keeping Australian dollar on a tight leash
18 August 2016
mortgagebusiness

The RBA cut interest rates in August in part to avoid the "complications" of an appreciating Australian dollar for domestic growth.

Bank gives brokers access to 4 million potential borrowers
17 August 2016
mortgagebusiness

After seeing a significant increase in mortgage settlements through the third-party channel, one bank has announced a fresh offering for brokers.

BDO drops Insolvency from Recovery division
17 August 2016
mortgagebusiness

The Business Recovery & Insolvency division of professional services company BDO has been rebranded to the BDO Business Restructuring division, as part of a “more proactive approach” to ...

DomaCom increases minimum raising ahead of IPO
17 August 2016
mortgagebusiness

Crowdfunder DomaCom has announced it has increased the minimum raising to $6 million ahead of an initial public offering.

Rubik appoints institutional sales head
17 August 2016
mortgagebusiness

Wealth management technology provider Rubik has named Anthony Meogrossi as its new head of institutional sales.

Bank slashes rates by up to 30 basis points
16 August 2016
mortgagebusiness

A non-major lender has announced its second home loan rate cut in a month.

Bad debts and margin squeeze hurts major bank profit
16 August 2016
mortgagebusiness

One of Australia’s big four banks yesterday reported a fall in cash earnings and a significant increase in the charge for bad and doubtful debts over the three months to 30 June.