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27 March 2019 • By James Mitchell • 1 min read

RBA downplays ‘wealth effect’ of housing downturn

The Reserve Bank of Australia has poured cold water on fears that falling property prices will cause households to tighten their belts and spend less

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Westpac remediation costs only a temporary damper

Although Westpac Banking Corporation had said further remediation costs would see its cash earnings reduced by $260 million for the first half of the ...

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NAB ends ‘Introducer’ payments program

The National Australia Bank has announced an end to its ‘Introducer’ payments program to take effect in October 2019.  The Introducer program was ...

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Westpac to take $260m hit to first-half profits

Westpac has revealed that its cash earnings in the first half 2019 will be reduced by an estimated $260 million due to the cost of its customer ...

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KKR-backed lender pulls out of mortgages 

A local mortgage lender specialising in non-residents is being wound down and will not proceed with any loan applications lodged after 18 March

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Perpetual launches new credit income trust

Perpetual has opened its initial public offering for its Perpetual Credit Income Trust, with it saying the indicative bids have already surpassed its ...

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Westpac should ‘expect ongoing challenges’: Morgan Stanley

Westpac Group’s wealth revenues will fall by around $300 million over the next two years, according to Morgan Stanley, following the bank’s ...

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Wealth boss receives 26% pay rise despite $25bn in outflows 

The CEO of an ASX-listed global asset manager received a significant boost to his base salary and more than $400,000 in benefits for relocating to ...

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AMP dodges strike amid rising shareholder activism

AMP has been one of the first to attempt to prevent shareholders revolting against the board ahead of its annual general meeting, with strikes on the ...

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Rate cuts won’t stimulate housing, says Oliver

Anyone expecting an RBA rate cut to trigger a repeat of the six-year property boom we experienced from 2011 needs to think again, according to one of ...

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