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Economy

Big challenges ahead for major banks: KPMG

A confluence of factors will combine to create a tough backdrop for major bank boards and senior management teams over the coming years, according to professional services giant KPMG.

mortgagebusiness
Negative gearing myths busted in new report

The Property Council of Australia says it welcomes the findings of a new report that negative gearing is neither “evil”, “a loophole in the tax system” nor the “key culprit” impacting house ...

mortgagebusiness
Chinese economy fears erode CFO confidence

A Deloitte survey has found that China’s economy is now a clear source of concern for Australian chief financial officers.

mortgagebusiness
Younger Australians set to switch banks

New research has revealed younger Australians are likely to switch banks over the next 12 months.

mortgagebusiness
BOQ lifts mortgage rates

The last of the regional banks has joined ME, Suncorp and Bendigo and Adelaide Bank by announcing that it will increase variable home loan rates.

mortgagebusiness
Market conditions pressuring Genworth as premiums slide 20%

Mortgage insurer Genworth has conceded that tightened lending conditions and a lower LVR mix are impacting the group’s gross written premiums.

mortgagebusiness
Bank profits mask ‘compounding challenges’

KPMG's Major Australian Banks Full Year Results 2014-15 report said recent increases in home lending rates indicate that banks have the ability to improve margins, but will need to be ...

mortgagebusiness
RBA ‘stuck in the starting gates’

Mortgage broker network 1300HomeLoan says even if the Reserve Bank had cut rates yesterday, it would have had little material significance to mortgage holders as banks continue to increase ...

mortgagebusiness
RBA makes highly anticipated call on interest rates

The Reserve Bank of Australia has announced the result of its first monthly board meeting since the big four banks raised their mortgage rates.

mortgagebusiness
RBA announces cash rate decision

The Reserve Bank of Australia has announced the result of its first monthly board meeting since the big four banks raised their mortgage rates.

mortgagebusiness
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