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Economy

Bank credit processes ‘prone to error’

Highly subjective commercial credit decisions are leaving the banks vulnerable to unnecessary debt, a risk management firm has warned.

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Auswide announces record-low interest rate

Auswide Bank has launched a new variable home loan interest rate of 3.99 per cent – the lowest-ever home loan rate offered by the lender.

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ABA survey finds consumer banking trends

A report released by the Australian Bankers’ Association has revealed consumers are using their bank transaction accounts more than ever but are paying the lowest average fees to do so in ...

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Central banks becoming ‘unpredictable’

The actions of global central banks are beginning to cause concerning investor confusion, says international fund manager.

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Raine & Horne appoints new CEO

Raine & Horne has appointed a new chief executive after Angus Raine resigned from the role.

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REIQ launches housing affordability three-point plan

The issue of housing affordability would be eased by increasing supply, ending stamp duty and helping first home buyers, according to the Real Estate Institute of Queensland (REIQ).

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CUA finds uncertainty in interest rate outlook

New research by customer-owned lender CUA has revealed Australians are divided on the future of the interest rate environment.

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ThinCats receives funding boost

Peer-to-peer (P2P) lender ThinCats Australia has received a significant funding commitment as it continues to grow its presence in the business lending sector.

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Govt warns on real estate ‘money laundering’

The federal government’s financial intelligence unit has warned that some ‘gatekeepers’ are using real estate as a “significant money laundering channel”.

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Australia among strongest banking nations

Australia’s banking system has been ranked above its equivalents in the US, the UK, Japan, Germany and Singapore.

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