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Economy

Goldman Sachs to pay $7.25 billion

Global investment bank Goldman Sachs will fork out over US$5.06 billion ($7.25 billion) in consumer relief to resolve an ongoing mortgage investigation.

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M&A activity reaches new highs

It was a record-breaking year for Australian M&A activity in 2015, according to new data released by Mergermarket.

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Investor loans could face major capital increase

A fresh consultation paper from the Basel Committee proposes substantially higher capital requirements on investment loans, which could see mortgage rates rise even further if implemented by ...

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Unemployment steady at 5.8%

HSBC Global Research said the unemployment remained unchanged at 5.8 per cent in December, following strong job numbers in both October and November.

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Mortgage demand sees surprising surge

Demand for home loans grew stronger in November despite expectations of a decline, according to new figures released by the Australian Bureau of Statistics (ABS).

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Former Decimal head joins Rubik

Mortgage software provider Rubik Financial has appointed a former Decimal executive to its newly-created position of head of marketing and communications.

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Banks ring in new year with rate cuts

A number of Australia’s non-major lenders have started 2016 by announcing significant pricing and policy changes.

mortgagebusiness
YBR undergoes a brand refresh

Yellow Brick Road (YBR) has shed its old colours in favour of a more modern logo and new store designs in an overhaul of its brand identity.

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Business confidence falls further

New research has revealed that business confidence has fallen for the second consecutive month.

mortgagebusiness
Non-major slashes mortgage rates

AMP Bank has today announced it will reduce interest rates across several variable and fixed-rate loans for new customers, effective Monday 18 January.

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