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Macquarie announces CEO resignation

The non-major lender has announced the retirement of its managing director and CEO, Nicholas Moore, whose replacement has also been announced.

Macquarie, CEO resignation, Nicholas Moore, retirement
Productivity commissioner cools talk of ‘banking revolution’

The banking revolution is “not around the corner” and will not “transform the industry and sweep away old institutions”, according to productivity commissioner Stephen King.

Productivity commissioner, banking revolution, digital disruption, technology, banking sector, meeting, discussion
LATEST PODCAST: Non-major rate changes, Bankwest focuses on brokers and Westpac leaves SMSF space

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgages market.

LATEST PODCAST: Non-major rate changes, Bankwest focuses on brokers and Westpac leaves SMSF space
Why bank loans are so high despite the cash rate being so low

The RBA cash rate and its effect on bank rates for deposit and loan products is not an arbitrary fixture and almost never joined at the hip to the RBA cash rate.

Andrew Way, bank loans, cash rate, RBA, Reserve Bank of Australia
Fitch rates Macquarie Group

Macquarie Bank Limited has received A credit ratings, but its parent company’s earnings are expected to remain “more volatile” than that of Australian retail banks. 

mortgagebusiness
LATEST PODCAST: Wayne Byres on mortgages, trusted brands and broker remuneration

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgages market.

LATEST PODCAST: Wayne Byres on mortgages, trusted brands and broker remuneration
Housing finance sentiment ‘worst on record’: ANZ

Outlook on the availability of credit is the lowest on record and is driving a weakness in the housing market that could “increase the economy’s vulnerability to shocks”, according to ANZ

mortgagebusiness
Major bank launches drought relief package

A big four bank has announced a range of initiatives to support customers affected by drought in NSW and Queensland which include the suspension of loan repayments and the waiving of fees.

mortgagebusiness
New campaign launches to tackle elder financial abuse

A newly launched campaign is calling on Australians to write to the Attorneys-General “demanding change” to ensure that bank staff can properly deter elder financial abuse.

elder financial abuse
Submissions open for Women in Finance 2018

Submissions are now open for the annual Women in Finance Awards, the prestigious event that aims to highlight the outstanding work of women within financial services.

Women in Finance 2018
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