Economy

Industry figures applaud RBA cash rate call
4 May 2016
mortgagebusiness

The Reserve Bank of Australia’s decision to slash the official cash rate to a new historic low is positive news for both the economy and borrowers, according to a number of industry ...

MyState announces key board changes
4 May 2016
mortgagebusiness

ASX-listed banking and wealth management group MyState Limited has announced the retirement of one of its directors and appointed a replacement.

Reserve Bank reveals cash rate decision
3 May 2016
mortgagebusiness

The Reserve Bank of Australia has delivered its decision from its monthly board meeting.

Reserve Bank surprises market with cash rate call
3 May 2016
mortgagebusiness

The Reserve Bank of Australia has delivered its decision from its monthly board meeting.

Big four will remain strong, says Moody’s
3 May 2016
mortgagebusiness

Australia's major banks are likely to retain their strong credit profiles despite the “deteriorating operating environment” and upward revisions to capital risk weights, according to Moody’s ...

RBA rate cut ‘may not be enough’
3 May 2016
mortgagebusiness

After 12 months with no movement, the Reserve Bank of Australia is tipped to cut the official interest rate to a historic new low.

YBR director resigns
3 May 2016
mortgagebusiness

Yellow Brick Road (YBR) has announced the resignation of a major shareholder representative from its board of directors.

ANZ teams up with Apple in banking first
3 May 2016
mortgagebusiness

ANZ has become the first major bank to offer Apply Pay, making it available to its five million customers in Australia.

Genworth sees profits fall as market pressures mount
2 May 2016
mortgagebusiness

Genworth has recorded a significant fall in profits as lenders reduce their exposure to high-LVR home loans.

QTMB’s merger plans will have ‘limited impact’: Moody’s
2 May 2016
mortgagebusiness

Moody’s Investors Service has affirmed its credit ratings for QT Mutual Bank (QTMB) following its announcement last week that it plans to merge with another lender.