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Economy

Banks reducing suburban retail footprint

More banks are downsizing their physical occupancies in suburban areas amid the rise of online shopping and banking, according to property multinational CBRE.

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Another rate cut forecast for 2015

The odds of a further cash rate cut this year are growing, with predictions it could happen as early as today, according to financial comparison website RateCity.

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Former ASIC insider calls out banks' vertical integration 'shame'

Vertical integration remains problematic for Australia's financial services industry, with "sufficient shame" not yet applied to the banks and to their chief executives, according to one ...

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Hockey flags offshore investment risks

Increased investment in offshore regions such as Asia by Australians could pose a high risk for Australian businesses and Australian jobs, Treasurer Joe Hockey has warned practitioners.

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Bendigo Bank lifts investor loan rates

The regional bank has raised its investor home loan rates just weeks after announcing that it would hold off on mortgage repricing.

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AMP Bank appoints new boss

AMP Bank has just announced the appointment of a new managing director.

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Pepper announces first profit result since float

Pepper Group has announced its first profit result since listing on the ASX on 31 July.

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RBA exposes ‘intertwined nature’ of SMEs and mortgages

The Reserve Bank of Australia has released an extensive report examining the nature of SME funding in relation to house prices and home lending.

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Economy to remain soft for another three years

Economic forecaster BIS Shrapnel predicts the Australian economy will remain sluggish for a few more years before recovering as the exchange rate falls.

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Australian SMEs cautious over currency risk

Australian SMEs are the world’s most advanced users of currency risk hedging tools, according to new research by Associated Foreign Exchange (AFEX).

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