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.
Clancy Yeates writes on business specialising in financial services. Clancy is based in our Sydney newsroom.
Australia's powerful banking regulator has declined to enter into the debate over whether Sydney faces a housing bubble.
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.
A resurgence in fierce price competition between Australia's big banks could pose a threat to the industry's prized dividends, new research says.
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.
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.
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.
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".
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.
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.
An inner-city apartment glut in Melbourne and Brisbane threatens to squeeze property developers, the Reserve Bank has warned.
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