Major bank accused of interest rate ‘collusion’
Charbel Kadib
Class action law firm Maurice Blackburn has alleged that a big four bank colluded with external parties to tie up borrowers in “unfair high-interest loans”.
Class action law firm Maurice Blackburn has alleged that a big four bank colluded with external parties to tie up borrowers in “unfair high-interest loans”.
The HomeBuilder scheme has helped offset the slide in confidence across the property industry, which continues to be weighed down by the COV...
The head of the property investment group expects the market to withstand economic headwinds, despite new ABS data revealing that the unemployment rate has hit a 22-year high.
Citigroup saw its net income for the second quarter of the year plummet by 73 per cent from its year before, as the pandemic increased credit costs and dried up consumer spending.
CoreLogic has weighed in on speculation of a COVID-induced spike in demand for regional property amid the “normalisation” of remote work.
The corporate regulator is expected to announce “in the coming business days” whether it will prolong its responsible lending saga with Westpac.
Consumer sentiment around housing and purchasing a dwelling has bucked the wider trend in sentiment around the economy.
The Australian Office of Financial Management has approved an initial investment of $30.8 million into the neo-lender’s warehouse through the Structured Finance Support Fund.
Residential building activity contracted over the March quarter, prior to the introduction of lockdown measures imposed to curb the spread of COVID-19, new ABS data has revealed.
The major bank is most vulnerable to a COVID-induced spike in credit losses and is set to raise its collective provisions, according to Morgan Stanley.
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