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Economy

AMP appoints new director

AMP Limited has announced the appointment of Holly Kramer as a non-executive director of its board.

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ARCA broadens representation with RateSetter

The Australian Retail Credit Association (ARCA) has welcomed peer-to-peer lender RateSetter as its newest member.

mortgagebusiness
S&P lowers rating for class B notes on trusts

Last week S&P Global Ratings announced that it lowered its ratings on class B notes in Interstar Millennium Series residential mortgage-backed securities (RMBS) transactions, while as ...

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Australian financial services at a 'critical moment': Deloitte

The World Economic Forum and Deloitte have identified 11 clusters of innovation that are transforming the structure, provision and consumption of financial services.

mortgagebusiness
Real estate boss urges government to cut stamp duty

An Australian real estate identity is urging the Victorian government to introduce stamp duty tax breaks for home owners aged over 70 due to the problems stamp duty creates for those wishing ...

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Macquarie chairman steps down

The chairman of one of Australia’s biggest challenger banks has today announced his retirement, with the group revealing his successor as well.

mortgagebusiness
Mutuals face uncertain future in a complex mortgage market

Moody’s Investors Service says Australian mutual lenders will be under increased pressure to consolidate as slowing economic growth and regulatory changes weigh on Australia’s smaller banks

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Big four losing competitive streak on variable rates

The gap between the average variable home loan rate of the major banks and the lowest offer on the market has widened considerably since September 2014, according to a comparison website.

mortgagebusiness
Ex-CUA chief joins DirectMoney

Marketplace lender DirectMoney has announced the appointment of a new independent non-executive director to help drive the ASX-listed company’s growth.

mortgagebusiness
Sydney prices soar over September quarter

New figures show Sydney property prices jumped 18.9 per cent over the year and 8.9 per cent over the quarter.

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