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Economy

RBA interest rate decision stuns market

The Reserve Bank of Australia has delivered the result of its monthly board meeting.

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Big banks must raise $20bn to meet APRA recommendation

The major banks need to raise an extra $20 billion over the next three years in order to convince APRA that their capital levels are “unquestionably strong”, according to Morningstar.

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No change expected for RBA rate decision

The Reserve Bank is expected to keep the cash rate on hold at 2.00 per cent at today’s monthly board meeting.

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Housing boom continues in Sydney and Melbourne

Property prices are growing faster than ever in Sydney and Melbourne, raising fresh questions of when capital gains will peak.

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ME receives Aaa credit rating for RMBS deal

Industry super fund-owned bank ME has been assigned an Aaa credit rating for its first transaction of residential mortgage-backed securities in 2015.

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Sydney posts record year of office investment

Strong demand for commercial property in Sydney’s CBD continues, with the harbourside capital posting record year-on-year growth.

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Real estate giant predicts non-bank growth across APAC

Non-bank lending is set to expand across the Asia-Pacific region, with increasing opportunities for Australia, according to a new report by real estate group CBRE.

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NAB completes US bank divestment

NAB has finalised the full divestment of US-listed Great Western Bank (GWB) following the sale of its final 28.5 per cent stake.

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Big banks back industry ethics program

AMP, Macquarie Bank, ANZ, Commonwealth Bank and BT Financial Group have funded an ethics literacy program in an effort to improve the ethical foundation of financial advice in Australia.

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AMP Capital appoints new managing director

AMP Capital has announced the appointment of Adam Tindall as its new managing director, following the impending retirement of Stephen Dunne.

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