Economy

A parliamentary inquiry into foreign investment in Australian residential property has raised concerns over the sources of financing used by some foreign nationals.

A new report from Deloitte has found that Australian companies will need to innovate quickly and efficiently to adapt to the needs of customers in new markets.

David Murray has reminded Australian financial institutions that they have the ability to affect people’s lives in ‘significant ways’.

The Financial System Inquiry should use its upcoming final report to make consumers trust banks again – as before the GFC – Australia’s smaller lenders have urged.

There is an increasing likelihood that the Reserve Bank of Australia will cut rates next year, according to global asset manager AllianceBernstein.

AMP Capital chief economist Shane Oliver believes China’s rate cut is good news for Australia’s economy as well as its own.

A new non-bank player has entered the Australian lending industry with a promise to provide a viable alternative to the majors.

NextGen.Net has upgraded its training for brokers and lenders to maximise their awareness and use of its ApplyOnline processing system.

ME Bank has announced the appointment of Mark Gay as its new chief information officer.

New data from the prudential regulator has revealed that investor loans now make up the bulk of mortgages on combined bank loan books.