Economy

A big four bank and two industry associations are rejoicing following the federal government’s decision to scrap the deposit tax.

Yellow Brick Road executive chairman Mark Bouris says the group is well positioned to grab a bigger slice of the Australian mortgage market.

ASX-listed DirectMoney has announced two new partnerships that it says will strengthen its credit processes and further extend its offering in the personal lending space.

The territory saw a 43.6 per cent increase in new home loans drawn down in July, according to the Hong Kong Monetary Authority (HKMA).

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

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

The use of algorithms to personalise loan structures could reshape the Australian personal lending market, according to PricewaterhouseCoopers.

Westpac has managed to curb its investor loan growth below 10 per cent and in line with the regulator’s requirements.

More banks are downsizing their physical occupancies in suburban areas amid the rise of online shopping and banking, according to property multinational CBRE.

The odds of a further cash rate cut this year are growing, with predictions it could happen as early as today, according to financial comparison website RateCity.