How phasing out cash could help the economy
Getting rid of most bank notes could give central banks another weapon to lift growth and to prepare for the next recession, leading economists says.
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Clancy Yeates
Clancy Yeates writes on business specialising in financial services. Clancy is based in our Sydney newsroom.
APRA's Wayne Byres won't use the 'B word' in housing debate
Australia's powerful banking regulator has declined to enter into the debate over whether Sydney faces a housing bubble.
Mortgage arrears rates in mining areas at highest levels in over a decade
More Australian homeowners are set to fall behind on their mortgages, Moody's predicts, due to the slump in the resources sector and the potential fallout from an apartment-building boom.
Mortgage price war could threaten bank dividends: JPMorgan
A resurgence in fierce price competition between Australia's big banks could pose a threat to the industry's prized dividends, new research says.
Funds need to invest in housing, says Australian Super chair
Commonwealth Bank wealth management boss Annabel Spring has highlighted the negative effects of record low interest rates for social equity, saying a low-yield world also tends to be a more unequal one.
APRA puts banker pay under microscope
The financial regulator will launch a review of how senior staff in banks, insurers and wealth managers are paid, as it ups pressure the industry to improve its attitude towards risk-taking.
ACCC warns on Tabcorp and Tatts tie-up
Australian Competition and Consumer Commission chair Rod Sims said it was very early in the process, but the regulator would be looking at the role of online gaming in potentially competing with a merged entity made up of Tatts and Tabcorp.
President Trump could be bigger market shock than Brexit: RBA
RBA governor Philip Lowe says if Donald Trump were to win next month's US presidential election it would be more of a shock to financial markets than the Brexit vote in June, which in hindsight was "benign".
The root of evil: Australia's problem with banker bonuses
Our banks are often ranked among the world's most profitable lenders, but there's one area where they appear to be lagging some big global peers: the incentives they pay staff.
New 'tracker' home loan to match RBA rate moves
Home buyers will have the option of locking in an interest rate that moves in lock-step with official interest rate changes, with a small Queensland bank offering "tracker" home loans.
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