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Showing 561 - 570 of 1881 results for "Lending"

APRA lifts interest-only restrictions

HARRISON WORLEY  |  FRIDAY, 21 DEC 2018
Australia's banks can now move back into interest-only lending, and their peak industry body says competition will increase as a result. This week APRA announced it would remove the 30% benchmark for new interest-only residential mortgages, which it ...

Royal Commission sparks risk book sell-off

JAMIE WILLIAMSON  |  FRIDAY, 14 DEC 2018
... price paid was more than 3.5 times recurring revenue, Radar Results said. Unfortunately for the smaller players, tighter lending has seen a number of Australia's banks increase the minimum loan amount for such acquisitions to $1 million. Radar Results ...

Chief economist update: ECB bids farewell to QE

BENJAMIN ONG  |  FRIDAY, 14 DEC 2018
... delivered on its promise. While it kept interest rates unchanged - repo rate at 0%; deposit facility rate at -0.4%; marginal lending facility rate at 0.25% - at its December 13 Governing Council meeting, it also confirmed that its €2.6 trillion asset ...

Centrepoint pulls out of NEOS Life

JAMIE WILLIAMSON  |  THURSDAY, 13 DEC 2018
... new direction. In February 2017, Centrepoint entered a convertible note and option deed with NEOS Life, with Centrepoint lending the startup $5 million which could be converted to equity at any time before February 2022. If the debt was not converted ...

Advice firm runs rule over Labor policy

DARREN SNYDER  |  FRIDAY, 7 DEC 2018
... developments will continue. "With the property market already going through difficult issues with the banks tightening on lending, limited access to interest only loans, and a general downturn in the property market, many potential investors are probably ...

CBA investigates possible privacy breach

JAMIE WILLIAMSON  |  MONDAY, 3 DEC 2018
... determine whether loan applications were approved or denied. CBA denied this, saying CommInsure information does not inform lending decisions, either automated or manual. The potential breach was identified as part of data segregation work undertaken ...

Former planner charged with dishonesty

HARRISON WORLEY  |  FRIDAY, 30 NOV 2018
... three companies he was the sole director of and a superannuation fund administered by Ostrava. According to ASIC, Thrive Lending, Trade BTC and Beta Pharmacology all received funds from the SMSFs of Grimm's clients. Additionally, the corporate regulator ...

Lenders must recognise millennial wealth strategies

DARREN SNYDER  |  TUESDAY, 27 NOV 2018
... Investment Trends analyst John Carver said these geared investors are using several methods, the most common being margin lending products. Next is a line of credit secured against home equity and home loan redraw facilities. "These borrowers firmly ...

Chief economist update: Is TLTRO III coming?

BENJAMIN ONG  |  TUESDAY, 27 NOV 2018
... funding at attractive conditions to banks in order to further ease private sector credit conditions and stimulate bank lending to the real economy. The TLTROs, therefore, reinforce the ECB's current accommodative monetary policy stance and strengthen ...

Advice group rebuilds following regulatory headwinds

DARREN SNYDER  |  MONDAY, 26 NOV 2018
... director Keith Cullen said 2017 changes to superannuation rules and APRA policy moves to rein in residential property lending, as well as the financial services Royal Commission, have amplified a restructure of its salaried adviser business. Cullen said ...