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Economy

Rubik announces capital raising

Mortgage technology provider Rubik Financial has announced it will undertake a proposed capital raising following strong half-yearly revenue growth in its banking and mortgage products.

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ASX chief stands down

ASX boss Elmer Funke Kupper has resigned as the federal police investigate his former role as chief executive of Tabcorp.

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DirectMoney announces new credit data deal

ASX-listed marketplace lender DirectMoney has agreed to a new deal which will give it greater access to client credit data.

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SuiteBox appoints new chief

New Zealand-based mortgage software company SuiteBox has announced the appointment of a new chief executive as it continues to expand its operations in Australia.

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Landowners can challenge valuations: lawyer

Landowners dissatisfied with the new land valuations on their properties issued by the Queensland Valuer-General can lodge an objection if they believe they have “acceptable grounds”, ...

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Credit card usage sees 79% surge

Alarming statistics have revealed that credit card ownership is reaching saturation levels in Australia.

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Macquarie hit with additional licence conditions

ASIC has imposed additional conditions on the Australian financial services licence of Macquarie Bank following breaches of client money provisions.

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Govt warned on housing reform

A prominent industry economist has urged the federal government to show more leadership on housing supply and policy reform, or risk a downturn in Australia’s economy.

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US Fed keeps rates steady

The US Federal Reserve has decided to leave interest rates on hold, but one economist believes a June hike could be on the cards.

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CBA's mortgage market share surges

The Commonwealth Bank has regained a significant portion of broker-originated home loans as the majors look to win back market share.

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