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Economy

Bank appoints new tech boss
26 March 2015
mortgagebusiness

MyState has announced the appointment of Paul Moss as its general manager of technology and operations.

Former bank exec jailed for $400 million tax fraud
25 March 2015
mortgagebusiness

A former major bank executive has been jailed for 11 years for his involvement in a tax fraud involving a major lender and its clients.

Big four 'way ahead' on digital disruption
25 March 2015
mortgagebusiness

A former global bank adviser has flagged the competitive advantage of the major lenders as digital disruption hits the international financial system.

Industry body backs FSI competition review
25 March 2015
mortgagebusiness

The MFAA has lobbied treasury for increased competition in the lending space with a fresh submission in response to the Financial System Inquiry final report.

Rural Bank chief steps down
25 March 2015
mortgagebusiness

Paul Hutchinson has resigned as CEO and managing director of Bendigo and Adelaide Bank’s wholly-owned subsidiary, Rural Bank.

Branded mortgage strategy gains momentum
24 March 2015
mortgagebusiness

Australia’s fifth biggest lender has seen strong growth in its home loans after offloading billion dollar tranches of its non-branded mortgage assets over the last 12 months.

RBA stability review expected to flag housing concerns
24 March 2015
mortgagebusiness

The Reserve Bank of Australia’s six-monthly Financial Stability Review is expected to highlight again the risks in the household sector associated with rapid house price gains, according to ...

Opposition condemns Hockey's super scheme
24 March 2015
mortgagebusiness

The federal opposition and a key business group have joined a growing number of critics of a government proposal to let young homebuyers access their superannuation.

Coastal city benefitting from Sydney investor rush
24 March 2015
mortgagebusiness

Generous yields, affordable commercial real estate and changing perceptions about its economic outlook are helping Wollongong attract Sydney investors.

Economic conditions put big banks at risk
23 March 2015
mortgagebusiness

Australia's major lenders face a potential 'blowout in bad debts' if funding costs are to significantly increase, according to Morningstar.