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Property industry braces for rate rises

Industry sentiment around residential housing has slipped, with looming cash rate rises expected to be the dominant weight ...

High schools urged to reform financial literacy approach

New research has found Australian schools’ current approach to financial literacy is failing teenage girls and that it should ...

RBNZ lifts interest rates to highest in 22 years

New Zealand’s cash rate has increased by 50 bps, with rising inflation expectations said to be a key driver in the decision

Looming rate rises knock borrower confidence: Westpac

A survey from the major bank has shown confidence among mortgage holders dipped by 9.2 per cent over April, amid concerns ...

Homes for Homes opens funding to NSW, WA

The social housing non-profit has revealed that its fifth round of funding will cover projects based in NSW and Western ...

Heritage, People’s Choice push ahead with merger

Heritage Bank and People’s Choice Credit Union have travelled further towards consolidation, having confirmed their new ...

Last day to respond to mortgage industry election poll

As the country heads to the polls on 21 May, mortgage industry participants are being asked to share their thoughts on the ...

Labor leader acknowledges cash rate/unemployment ‘mistake’

Opposition Leader Anthony Albanese has conceded he “made a mistake” after being unable to recall the correct cash rate or ...

BOQ announces new CFO

The non-major bank has appointed a new chief financial officer to replace Ewen Stafford, who is leaving to join Loan Market ...

NAB cracks down on financial abuse

NAB blocked more than 10,000 abusive transactions from 6,800 unique customers in March, as it ramps up financial abuse ...

APRA to outline crypto expectations to banks

APRA is finalising a letter to banks relaying its expectations around crypto assets and flagging them to “proceed with care”

Major banks revise cash rate forecasts

Economists from all four major banks have revised their cash rate forecasts following the RBA’s meeting this week, suggesting ...

Musings on my mortgage experience

It finally happened: I’m a home owner. After more than five years of writing about mortgages, I finally got to see behind the ...

Islamic financial service provider streamlines process for brokers

Hejaz Financial Services upgrades its application technology to “streamline applications” for brokers, as it expands its ...

Citi appoints new chair and head of banking

Citi’s Tony Osmond steps in as chairman, banking, capital markets and advisory, as Alex Cartel assumes head.

Mutual banks without scale will be ‘unsustainable’: Bank CEO

The CEO of a customer-owned lender has warned that mutual banks that do not have scale and financial strength will be ...

Bank completes merger with credit union

A mutual bank has welcomed 3,000 new members after completing its merger with a credit co-operative.

New ASIC chair and deputy chair appointed

The federal Treasurer has appointed a veteran financial services lawyer and former regulator to head up the financial ...

Citi to sell Australian consumer business

Citi is to exit its consumer business, including mortgages, loans, retail banking and credit card operations, in Australia ...

Major bank sells LMI business

A big four bank has announced that it will sell its lender’s mortgage insurance business to a global specialist insurer.

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