Economy

Branded group to expand white-label offering
11 December 2015
mortgagebusiness

One of Australia’s most recognised brands has revealed plans to expand its own suite of white-label products, covering everything from home loans to credit and debit cards.

‘Turnbull effect’ wearing off but sentiment still strong
11 December 2015
mortgagebusiness

An Australian chief economist believes recent data could indicate that business conditions are being driven by more than a change in leadership.

Business confidence falls slightly over November
11 December 2015
mortgagebusiness

New figures from Roy Morgan Research reveal that business confidence decreased last month but remains positive compared to previous years.

Big banks under investigation for rate rigging
10 December 2015
mortgagebusiness

Labor Senator Sam Dastyari says ASIC’s findings from an investigation into the rigging of the bank bill swap rate (BBSW) will be “explosive” for Australia’s major lenders.

Analysis: Major bank’s ‘torturous and expensive journey’
10 December 2015
mortgagebusiness

NAB shareholders will no doubt be pleased with the group’s decision to offload its UK assets, but a closer look at Clydesdale provides vital insights into a broker-focused mortgage strategy

Risks could derail global bank progress: Moody’s
10 December 2015
mortgagebusiness

Moody’s Investors Service believes that while banks in many countries have improved their capitalisation and strengthened their balance sheets, key risks could derail their progress.

ACCC appoints its first chief economist
9 December 2015
mortgagebusiness

The Australian Competition and Consumer Commission has announced that it has appointed Dr Graeme Woodbridge as its new chief economist.

New home sales continue to fall
9 December 2015
mortgagebusiness

A new report from the Housing Industry Association (HIA) has revealed a further decline in new home sales over the month of October. 

Major bank shocked by APRA’s capital approach
8 December 2015
mortgagebusiness

The executive director of one of Australia’s biggest banks has expressed his concern over APRA’s decision to elevate the importance of ratings agencies in the risk assessment of mortgage ...

Securitisation changes ‘would benefit smaller banks’
8 December 2015
mortgagebusiness

APRA’s proposed changes to Australia’s securitisation framework are a credit positive for banks, according to Moody’s Investors Service.