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Economy

Former bank exec jailed for $400 million tax fraud

A former major bank executive has been jailed for 11 years for his involvement in a tax fraud involving a major lender and its clients.

mortgagebusiness
Big four 'way ahead' on digital disruption

A former global bank adviser has flagged the competitive advantage of the major lenders as digital disruption hits the international financial system.

mortgagebusiness
Industry body backs FSI competition review

The MFAA has lobbied treasury for increased competition in the lending space with a fresh submission in response to the Financial System Inquiry final report.

mortgagebusiness
Rural Bank chief steps down

Paul Hutchinson has resigned as CEO and managing director of Bendigo and Adelaide Bank’s wholly-owned subsidiary, Rural Bank.

mortgagebusiness
Branded mortgage strategy gains momentum

Australia’s fifth biggest lender has seen strong growth in its home loans after offloading billion dollar tranches of its non-branded mortgage assets over the last 12 months.

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RBA stability review expected to flag housing concerns

The Reserve Bank of Australia’s six-monthly Financial Stability Review is expected to highlight again the risks in the household sector associated with rapid house price gains, according to ...

mortgagebusiness
Opposition condemns Hockey's super scheme

The federal opposition and a key business group have joined a growing number of critics of a government proposal to let young homebuyers access their superannuation.

mortgagebusiness
Coastal city benefitting from Sydney investor rush

Generous yields, affordable commercial real estate and changing perceptions about its economic outlook are helping Wollongong attract Sydney investors.

mortgagebusiness
Economic conditions put big banks at risk

Australia's major lenders face a potential 'blowout in bad debts' if funding costs are to significantly increase, according to Morningstar.

mortgagebusiness
Boutique fund manager awarded $50 million mandate

One of Australia’s fastest-growing boutique fixed-income fund managers has been awarded a $50 million institutional mandate and a five-star Morningstar rating.

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