As read in Australin Broker online – The head of one of Australia’s biggest banks believes the industry needs to recognise it currently has a trust issue with consumers. In a speech last week, Westpac chief executive officer Brian Hartzer Australia’s banking industry is currently failing to meet the standards the Australian public expects […]
As read in Mortgage Business Online Digital technology has increased interconnectedness and bridged the urban-rural divide – and one of the biggest sectors to benefit from this change is the financial industry. Now, with just a few clicks, we have the ability to transmit thousands of dollars to a foreign country or perform an online […]
What do we take away from the recent RBA rate cut, where the big four banks changed tactic and only passed on half of the rate discount and shifted focus towards bank deposit rates? As we are all aware, we are in unchartered waters with rates being at a record low level and speculation suggests […]
As read in Mortgage Business online – The RBA is likely to cut the official cash rate to 1.25 per cent on 1 November if domestic inflation figures are lower than expected, says AMP Capital. Commenting on yesterday’s decision by the RBA to keep the cash rate ‘on hold’, AMP Capital chief economist Shane Oliver […]
