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Showing 481 - 490 of 1873 results for "lending"

Chief economist update: Arrivederci Signor Draghi

BENJAMIN ONG  |  WEDNESDAY, 30 OCT 2019
... three days after he assumed the ECB presidency) was to cut interest rates by 25 bps each - repo rate to 1.25%, marginal lending facility rate to 2.00% and deposit facility rate to 0.50%....and continue cutting till March 2016, sending the repo rate down ...

RBA blames lack of demand in property downturn

ELIZA BAVIN  |  THURSDAY, 17 OCT 2019
... "Lenders are applying tighter standards than in the past. Both of these may well combine to result in a more muted pick-up in lending than in the past," Debelle said. The RBA noted that loan approvals have begun to rise, but are yet to see the flow through ...

ACCC to probe rate cut decisions

HARRISON WORLEY  |  MONDAY, 14 OCT 2019
... practices of financial institutions. The inquiry will investigate the prices charged for residential mortgages by the lending market, including big banks and non-bank lenders, and will consider how those prices are determined, such as the impact of the ...

Chief economist update: When monetary and fiscal policies don't meet

BENJAMIN ONG  |  TUESDAY, 8 OCT 2019
... since the Great Recession of 2008, with the Australian Financial Review reporting: "Negative interest rates, central bank lending to commercial banks, purchases of financial assets such as government bonds and "forward guidance" pledges on stimulus by ...

Moelis eyes new private credit fund, appoints lead

KANIKA SOOD  |  THURSDAY, 3 OCT 2019
... million in total. At Moelis, his focus will be on starting a new fund focused on small medium enterprise and mid-corporate lending. It is slated to open in late 2019 or early 2020. Moelis Australia manages about $3.9 billion, of which $800 million is ...

NAB builds banking team, cuts fees

ELIZA BAVIN  |  TUESDAY, 1 OCT 2019
... the bank said it is removing over 100 fees as part of a fee clean-up program. NAB plans remove legal fees for business lending customers, repeat statement fees and extra fees applied on top of the conversion rate for foreign currency issuing. NAB chief ...

Undisclosed additional lending must stop

KRISTI CHENG  |  THURSDAY, 26 SEP 2019
The practice of lending by an unregistered second ranking charge must stop, according to Metrics Credit Partners managing partner Andrew Lockhart. The practice of giving additional lending without disclosing it to the bank, typically for commercial ...

Chief economist update: Morrison, Frydenberg cannot have their surplus and eat it too

BENJAMIN ONG  |  THURSDAY, 26 SEP 2019
... will get its surplus in the budget... delivered by sitting government. The implication being it was better when banks and lending institutions cheated (before the Royal Commission revealed their shenanigans). I may have gone overboard with Morrison and ...

APRA considers appeal in IOOF case

ELIZA BAVIN  |  MONDAY, 23 SEP 2019
... following the Royal Commission, after ASIC lost its case against Westpac last month, alleging the bank breached responsible lending laws.

La Trobe Financial expands executive team

KRISTI CHENG  |  WEDNESDAY, 18 SEP 2019
... risk", with over 30 years' experience in credit risk and portfolio management He has been appointed senior executive chief lending officer - commercial. Before joining La Trobe Financial, Drury was the managing director of the National Bank's UK commercial ...