Economy

In his final speech at AMP’s annual general meeting last week, former chairman Simon McKeon said the financial services industry “needs to do better” when it comes to culture.

Property investors have been unfairly caught in the crossfire amid the examination of the current housing affordability crisis, according to a national property advisory firm.

Moody’s Investors Service says mortgage delinquencies will continue to increase in Australia, with rental yields in the two biggest cities to pose “some risk”.

The chief executive of a leading Australian financial services company believes one of the major lenders could “disappear” in the next 20 years as fintech providers take over.

Three banks and one mortgage funder have announced changes to their home loan rates, showing that the Reserve Bank’s cash rate cut is still taking effect. 

ING Direct has made its largest ever single investment, recruiting more than 16,000 customers to help build its new digital platform.

Following the success of last year’s roadshows, Pepper Money has announced the dates of the 2016 Insights Roadshow series for brokers, running throughout May and June.

The major banks have recorded an aggregate 3 per cent fall in first-half cash profits as the new capital requirements and a tough operating environment take their toll, according to KPMG.

The major Australian banks are falling behind the smaller and regional banks when it comes to capturing early adopters of technology, new research has revealed.

The financial services industry is the “most trusted” sector when it comes to data privacy, according to a new study by Deloitte.