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Economy

P&N Bank achieves settlement milestone

P&N Bank has credited an online platform for increasing its efficiency in property settlements and achieving a significant digital banking milestone.

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Industry figures respond to RBA decision

Despite the recent spike in the Australian dollar, industry figures have labelled the Reserve Bank’s April cash rate decision as unsurprising.

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Australia ‘particularly vulnerable’ to global downturn

The structural deterioration of Australia’s fiscal position over the past decade has left the economy exposed to the next global economic downturn, one economist has warned.

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RBA makes cash rate call - April 2016

The Reserve Bank of Australia has announced the decision of its monthly board meeting.

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RBA makes surprising cash rate call

The Reserve Bank of Australia has announced the decision of its monthly board meeting.

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MyState doubles investor loan book

MyState Bank has more than doubled the size of its investor loan portfolio over the past year, while five other third-party banks have posted double-digit growth.

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RMBS arrears and defaults to rise: Moody’s

Delinquencies and defaults for Australian prime residential mortgage-backed securities (RMBS) will increase slightly in 2016 from their current low levels, according to Moody’s Investors ...

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Federal budget to delay rate cut: HSBC

The federal government’s decision to deliver its budget early is likely to deter the Reserve Bank from cutting the cash rate until mid-2016, according to HSBC.

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Bank boss hungry for more market share

Bendigo and Adelaide Bank’s managing director says the group’s balance sheet is “very strong” and it is well-placed to compete “vigorously” for customers.

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Genworth announces capital reduction

Genworth Mortgage Insurance Australia has proposed undertaking a capital management initiative which would see approximately $202 million paid to shareholders.

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