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Economy

Mixed outlook for Aussie economy, says NAB

Australia's economic outlook remains mixed, with employment growth improving but mining investment looking increasingly negative.

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Bank winds up LMI business

A listed Australian bank has announced it will wind up its LMI subsidiary to strengthen its capital position.

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ASIC bans former major bank planner

ASIC has permanently banned a former major bank senior financial planner after an investigation found he had submitted false insurance policy proposals to the bank in order to obtain ...

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Surprise surge in consumer confidence

Consumer confidence surged by 7.9 per cent in August, much to the surprise of economists.

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Major bank announces $5 billion capital raising

Australia’s largest mortgage lender has today revealed it will raise additional capital after posting a record $9.1 billion profit.

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FlexiGroup appoints new chairman

Diversified financial services firm FlexiGroup has announced the appointment of Andrew Abercrombie as its new chairman.

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RBA warns of more boom and more debt

Australia’s central bank has raised the extraordinary possibility that property prices in Sydney and Melbourne have not yet responded fully to ultra-low rates.

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Report finds most SMEs lack succession plan

More than half of SMEs do not have a plan in place when it comes to exiting their business, according to a study by one accounting firm.

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Sydney and Melbourne lead surge in office demand

Fresh findings from the Property Council of Australia show strong demand for office space in Sydney and Melbourne has driven the average national vacancy rate down.

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MyState strengthens capital with $25m debt issue

MyState Bank has successfully priced a debt issue that it says will strengthen the bank’s capital reserves and allow it to maintain strong loan growth.

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