The return of the RMBS market in Australia is not being matched by the supply of new land to lend against funding and is driving property prices higher, according to Alan Kohler.
The Customer Owned Banking Association (COBA) said changes announced on Tuesday by APRA are a welcome step toward better accommodation of the customer-owned banking model.
The recent success of the local RMBS market will not last forever and is vulnerable to the whims of one or two large bids, according to AFG.
National Australia Bank today announced that Anthony Healy has been appointed as managing director and chief executive officer of Bank of New Zealand (BNZ).
As the Australian RMBS market continues to thrive, AFG has announced its first transaction for 2014.
The official cash rate is expected to remain unchanged at 2.5 per cent for the rest of 2014, according to the Reserve Bank.
ING DIRECT has called for the development of fixed interest securities that would allow retail investors to participate in funding the Australian mortgage market.
LIXI Australia has appointed Bruce Treloar as chief executive officer, effective 1 May 2014.
Independent non-bank lender Firstmac has signalled plans to tap into the Japanese market as the lender beefs up its funding capabilities in Asia.
Major banks’ market share is being threatened by global and local heavyweights looking to capitalise on established distribution networks, according to JP Morgan.