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Economy

APRA stats show banking sector strength

Australia’s banking sector is powering ahead with strong growth in mortgage volumes and profits, according to new statistics from the prudential regulator.

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YBR gains street presence with Resi rebrand

Yellow Brick Road will gain an additional 19 shopfronts as the acquisition of Resi takes full effect over June.

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NZ central bank cuts rates

The Reserve Bank of New Zealand has reduced its official cash rate by 25 basis points to 3.25 per cent, indicating congruence in cross-Tasman monetary policy.

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Banks challenged on mortgage repricing

Australia’s banks need to avoid a “lazy” approach to mortgage portfolio repricing in light of debate around higher capital requirements, JP Morgan has warned. A new report, co-authored by ...

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Pepper completes non-conforming RMBS issue

Pepper Australia has completed what it has described as the “largest non-conforming RMBS issue since the emergence of the financial crisis in 2007”.

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Risk management ‘vital’ for threatening world

Businesses need to ensure that they have appropriate security and processes in place to remain safe and sustainable, according to one accounting firm.

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Home loan market hits $1.39tn

The total value of outstanding home loans written by banks and ADIs has surged to an all-time record of $1.39 trillion, according to the Australian Bureau of Statistics.

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Hundreds of foreign investors under investigation

Joe Hockey has revealed that the authorities are investigating as many as 195 foreign investors, including one who may have illegally acquired more than 10 properties.

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CPA Australia eyes mortgage advice

Joint accounting body CPA Australia will apply for an Australian Credit Licence in a bid to “shake up” the financial services sector.

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FBAA hits out at ‘exorbitant’ credit rates

The Finance Brokers Association of Australia (FBAA) has welcomed increased scrutiny of credit card interest rates.

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