Prime Minister notes economic ‘challenges’
Annie Kane
Ahead of Parliament returning next week, Prime Minister Scott Morrison has conceded that Australia is facing “challenges and headwinds” ...
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Superannuation class action filed against AMP
Slater and Gordon has filed a class action against AMP claiming compensation for more than 2 million people it alleges have been charged ...
RBA reluctant to drop rates to ‘dangerous’ low
An aggressive monetary policy strategy employed in response to rate cuts in foreign markets would be a “dangerous path to go down”, Rese...
Mutuals outpacing major banks
APRA data revealing that the customer-owned banking sector is outpacing the major banks in the home lending space has been welcomed by a non-major.
New player enters non-bank lending space
A multinational non-bank lender has commenced operation in Australia in a bid to disrupt the domestic market as it seeks to service unmet demand.
Mortgage customers could benefit from global shift
Expected monetary policy adjustments in overseas markets could make it easier for banks to pass on cuts to the cash rate from the RBA, according to one economist.
Respected business and tax leader passes away
Michael Andrew, a renowned tax and business leader, has passed away.
Mutual banks to merge next year
Two customer-owned banks have confirmed that they will merge next year to create “one of Australia’s largest nationally operating mutual banks”.
RBA faces dilemma as global markets turn
The Reserve Bank may be forced to rethink its monetary policy approach, with expected rate cuts in the US and Europe blurring the economic outlook.
ANZ to be subject to capital model review
The Reserve Bank of New Zealand has called for two reports from ANZ New Zealand “to provide assurance it is operating in a prudent manner...
