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Economy

Sydney broker cops permanent ban
26 April 2016
mortgagebusiness

ASIC has permanently banned a Sydney finance broker from engaging in credit activities and providing financial services.

Analysis: Chinese money and Australian real estate
22 April 2016
mortgagebusiness

The RBA has warned that a fall in Chinese demand for Australian property could have serious consequences for local lenders. New figures suggest the slowdown has already begun.

Economist highlights recession risk
22 April 2016
mortgagebusiness

Sluggish growth combined with severe market turmoil has heightened the risk of the global economy heading towards recession, one economist has warned.

St George branch achieves high-class rating
22 April 2016
mortgagebusiness

St George at Barangaroo has become the first bank branch and the first retail fit-out in Australia to receive a 6 Star Green Star – Interiors rating from the Green Building Council of ...

Banks to fund ASIC mortgage probe
21 April 2016
mortgagebusiness

ASIC has revealed that the banks will be footing the bill for the additional funding required to expand its investigations into the mortgage industry, including broker remuneration.

Bank of Sydney reduces fixed rate
21 April 2016
mortgagebusiness

Bank of Sydney has today announced that it has reduced its three-year fixed rate for owner-occupiers.

Industry to welcome new bank next month
21 April 2016
mortgagebusiness

An Australian lender has confirmed it will change its name in May after receiving banking status approval from APRA.

Banks to foot $121m bill for ASIC
20 April 2016
mortgagebusiness

Federal Treasurer Scott Morrison has this morning confirmed how the government will proceed with reported changes to surveillance of the banking and financial system, following speculation ...

Bendigo and Adelaide Bank recognised for ‘strong’ loan servicing
20 April 2016
mortgagebusiness

Standard & Poor’s (S&P) has announced it has affirmed a “strong” ranking for Bendigo and Adelaide Bank as a servicer of prime residential loans.

WA broker cops permanent ban
20 April 2016
mortgagebusiness

A former Perth-based finance broker has been permanently banned from engaging in credit activities and providing financial services.