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Economy

ANZ sells $8.2 billion loan portfolio

ANZ has announced the sale of its dealer finance portfolio to a challenger bank.

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Association warns SMSFs on emerging LRBA issue

The SMSF Association (SMSFA) has warned that SMSF trustees are becoming involved with illegal and risky limited recourse borrowing arrangements (LRBAs) involving the use of in-specie ...

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Bank names Sydney investor hotspots under surveillance

One of Australia's biggest challenger banks has named the Sydney suburbs it is currently monitoring after experiencing significant volumes of home lending to residential property investors

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Investor curbs positive for RMBS: Moody’s

Moody’s Investors Service says a reduction in the proportion of investment loans in Australian RMBS is positive for such deals as it reduces the number of riskier mortgages in RMBS pools

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Big four will continue to raise capital ‘for some time’

Moody’s Investors Service believes the major Australian banks will continue to accumulate capital for some time despite completing a series of capital management initiatives in recent months

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Association backs Treasurer on housing affordability

Master Builders Australia CEO Wilhelm Harnisch has said Scott Morrison’s call for national leadership to improve housing affordability is a long-held view of the association.

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Banks facing spiralling IT costs

The "oligopolistic" Australian banking sector will need to spend "more and faster" on IT infrastructure in order to keep up with technological change, according to an AMP Capital report.

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McGrath identifies shifting buyer demographics

Families are increasingly opting for regional locations to combat Sydney’s rising lack of affordability, according to a new report by real estate guru John McGrath.

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New bank boss faces challenges in changing market

Incoming Heritage Bank CEO Peter Lock says a key challenge of his new role will be guiding the lender through industry-wide changes that are impacting the sector.

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RateSetter releases loan book data to encourage transparency

Peer-to-peer (P2P) lender RateSetter has made its loan book public as it pushes for greater transparency and accountability in the lending market.

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