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Showing 311 - 320 of 2614 results for "Loan"

It's not 2008, but there's likely more pain ahead: Iggo

CHLOE WALKER  |  TUESDAY, 28 MAR 2023
... attributable to potential credit impairments, losses in other sectors such as real estate, and a wave of banks reporting loan-loss provisions. "The interest rate market seems to know how this story ends - rate cuts," he said. "If they materialise, fixed ...

The unique experience of a single woman

CASSANDRA BALDINI  |  TUESDAY, 21 MAR 2023
... single woman, you have to make bigger purchases alone, like a house and then you're solely responsible for paying off the loan," she says. "I have a lot of millennial women as clients, so I see the pressure they face. In particular, there are often ...

Lending to small businesses increases: Survey

KARREN VERGARA  |  MONDAY, 20 MAR 2023
Despite soaring interest rates, the number of small business owners borrowing from banks has sharply risen in 2022, a new survey reveals. More than a third (36%) of Australian small businesses canvassed by CPA Australia are increasingly relying on external ...

Link Group agrees to sell BCM arm

CHLOE WALKER  |  FRIDAY, 17 MAR 2023
... "We have the desire, skill and determination to help the BCM leadership team to create a best in class, global mortgage and loan servicer." He added: "BCM has an excellent roster of banking and investor clients in Ireland, UK, Italy and the Netherlands ...

Fink warns of "slow rolling crisis"

JAMIE WILLIAMSON  |  THURSDAY, 16 MAR 2023
... wrote. He went on to say that prior tightening cycles have led to "spectacular financial flameouts", citing the Savings and Loan Crisis of the 1980s and early 1990s; "... it was a "slow rolling crisis" - one that just kept going. It ultimately lasted ...

HSBC bails out Silicon Valley Bank UK

CASSANDRA BALDINI  |  TUESDAY, 14 MAR 2023
HSBC has leapt to the rescue and purchased the embattled Silicon Valley Bank's (SVB) UK arm for a total sum of £1. The banking giant yesterday announced its UK ring-fenced subsidiary, HSBC UK Bank, would make the purchase, which excluded the assets ...

Residential mortgages will defy headwinds: Study

KARREN VERGARA  |  TUESDAY, 14 MAR 2023
... available during the record low-interest-rate environment in 2021. Finally, Foresight highlights that the portion of high loan-to-value balances of 80% and above have decreased for non-bank lenders since the Global Financial Crisis. "In July 2008, it ...

US agencies act to prevent crisis

JAMIE WILLIAMSON  |  MONDAY, 13 MAR 2023
As a second institution is closed by regulators, emergency measures to shore up the US financial system and prevent a banking crisis are being implemented. It comes as local tech companies confirm minimal exposures to the Silicon Valley Bank failure. ...

Court fines ANZ for dodgy introducer program

KARREN VERGARA  |  MONDAY, 13 MAR 2023
ANZ has copped a $10 million penalty for its home loan referral program that breached consumer credit protection laws. The Federal Court found that the bank's Home Loan Introducer Program enabled unlicensed third parties to refer customers to ANZ for ...

Australian dividends surge in 2022: Report

CASSANDRA BALDINI  |  WEDNESDAY, 1 MAR 2023
Australian dividends rose to a new record last year and investors reaped the benefits taking home a collective $97.7 billion in payouts. According to Janus Henderson, the increase was complemented by an 8.4% rise in global dividends which grew strongly ...