Customers could suffer as bank costs rise
Australian banks are predicted to face escalating costs when they borrow up to $135 billion from big investors his year, a trend that could prompt further moves to pass on the extra expense to customers.
Clancy Yeates writes on business specialising in financial services. Clancy is based in our Sydney newsroom.
Australian banks are predicted to face escalating costs when they borrow up to $135 billion from big investors his year, a trend that could prompt further moves to pass on the extra expense to customers.
The government is being urged to revisit bilateral trade deals with Australia's big Asian trade partners, after Donald Trump's move to pull the plug on the Trans-Pacific Partnership.
House prices are predicted to climb even higher in Sydney and Melbourne in 2017, albeit at a slower pace than last year.
One of Australia's largest bank investors believes the big four can maintain their dividends this year, despite the challenges of lacklustre credit growth and stiff competition..
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Business chiefs are urging the next NSW premier to continue driving the state's infrastructure boom, crediting Mike Baird's support for big projects with helping to resurrect the state economy to a position of national leadership.
The most aggressive incentive schemes still being used by some banks to boost sales by staff are putting customers at risk of being sold inappropriate products, an industry-funded review has suggested.
Growth in new lending to housing investors has accelerated to its fastest annual pace since early 2015.
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