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Economy

Former ASIC insider calls out banks' vertical integration 'shame'
31 August 2015
mortgagebusiness

Vertical integration remains problematic for Australia's financial services industry, with "sufficient shame" not yet applied to the banks and to their chief executives, according to one ...

Hockey flags offshore investment risks
31 August 2015
mortgagebusiness

Increased investment in offshore regions such as Asia by Australians could pose a high risk for Australian businesses and Australian jobs, Treasurer Joe Hockey has warned practitioners.

Bendigo Bank lifts investor loan rates
28 August 2015
mortgagebusiness

The regional bank has raised its investor home loan rates just weeks after announcing that it would hold off on mortgage repricing.

AMP Bank appoints new boss
27 August 2015
mortgagebusiness

AMP Bank has just announced the appointment of a new managing director.

Pepper announces first profit result since float
27 August 2015
mortgagebusiness

Pepper Group has announced its first profit result since listing on the ASX on 31 July.

RBA exposes ‘intertwined nature’ of SMEs and mortgages
27 August 2015
mortgagebusiness

The Reserve Bank of Australia has released an extensive report examining the nature of SME funding in relation to house prices and home lending.

Economy to remain soft for another three years
26 August 2015
mortgagebusiness

Economic forecaster BIS Shrapnel predicts the Australian economy will remain sluggish for a few more years before recovering as the exchange rate falls.

Australian SMEs cautious over currency risk
26 August 2015
mortgagebusiness

Australian SMEs are the world’s most advanced users of currency risk hedging tools, according to new research by Associated Foreign Exchange (AFEX).

DirectMoney partners with mortgage groups
25 August 2015
mortgagebusiness

Australian-listed marketplace lender DirectMoney has announced new strategic partnerships with a leading brokerage and a growing aggregation group.

Homeloans boosts branded mortgages but sees profits slide
25 August 2015
mortgagebusiness

A listed Australian lender has recorded a surge in branded mortgage settlements over the 12 months to 30 June but saw a considerable fall in profit.