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Economy

Major bank ‘well positioned’ for future changes

One of Australia’s big four banks has highlighted its asset quality and capital position as regulatory changes look to continue in 2016.

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Omniwealth appoints senior accountant

Diversified financial services group Omniwealth has appointed Atle Crowe-Maxwell as its COO and as director of its new business advisory service.

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APRA relieves banks from capital building

APRA has made a significant change to its capital framework for banks, following consultation with the Council of Financial Regulators.

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NSW tops housing market rankings

New South Wales has been named the strongest housing market in the nation, according to the Housing Industry Association’s (HIA) recently released Housing Scorecard.

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Rate hike will hurt investors in 2016

A professional property investor and mentor has warned that some investors could run into trouble if interest rates start to rise next year.

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Economic risks remain 'tilted to the downside' for 2016

A global investment management group has published its 2016 outlook for the Australian economy.

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ASIC moves on ‘misleading’ land banking schemes

ASIC has commenced proceedings in the Federal Court to freeze assets and wind up companies associated with two Victorian land banking schemes.

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Outlook stable, but headwinds rising for Asia-Pacific banks

The 2016 outlook for Asia-Pacific banks is stable, but asset quality and profitability will deteriorate for many of the region’s banking systems, according to Moody’s Investors Service

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Major bank sounds alarm on off-the-plan properties

The nation’s largest mortgage lender has warned of serious risks to off-the-plan property investors in two capital cities.

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Fed rate hike won’t force RBA’s hand, says economist

A leading Australian economist has argued that the US central bank’s decision to raise the Federal Funds rate to a 0.25 to 0.5 per cent range won’t lead to a higher cash rate here at home.

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