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Showing 581 - 590 of 1874 results for "lending"

Chief economist update: Steady as she goes

BENJAMIN ONG  |  FRIDAY, 14 SEP 2018
... bank's outlook. As expected, the ECB left interest rates unchanged - the benchmark refinancing rate at 0%, the marginal lending facility rate at 0.25% and the deposit facility rate at -0.4% - while at the same time reiterating the reduction of its ...

Industry body rejects ABA banking code

KANIKA SOOD  |  MONDAY, 10 SEP 2018
... are not ABA members to adopt the code alongside its members in July, next year. The goal is to bring customers the same lending standard, regardless of who they chose to borrow from, the association said. Lawrence said several provisions in the COBA ...

Reverse mortgage lenders shortsighted: ASIC

KARREN VERGARA  |  WEDNESDAY, 29 AUG 2018
... many have a poor understanding of the risks and the long-term pitfalls, ASIC said. An ASIC review of reverse mortgage lending shows older Australians failed to consider how their loan could impact the ability to afford expenses in later years such as ...

IRESS first half revenues up 8pct, wealth and lending lead

KANIKA SOOD  |  THURSDAY, 23 AUG 2018
IRESS group outstripped its 1H17 revenue by 8% to hit $230 million, led by the wealth and lending segments. Australia and New Zealand wealth management operating revenue totalled $67 million for the first half - up 9% on the previous corresponding period. ...

Industry fund contract under works at Link

KANIKA SOOD  |  FRIDAY, 17 AUG 2018
... banking and financial services. Leveris has developed a "next-generation" end-to-end banking platform that facilitates lending, deposit taking, card issuance and digital channel design, Link said. For Link, it means the providing a modern adaptable platform ...

Finding value in Fairfax

JAMIE WILLIAMSON  |  WEDNESDAY, 15 AUG 2018
... has served as a catalyst for Auscap to short the banks. "The Royal Commission basically told the banks they've been lending too much and you've been lending irresponsibly, because while they've been very good at checking people's income ...

Chief economist update: Turkey's roasted

BENJAMIN ONG  |  MONDAY, 13 AUG 2018
... of Turkey's (TCMB) held an emergency meeting (before its scheduled June 7 meeting) and lifted its liquidity window lending rate by 300 basis points to 16.5% that followed a 75 bps hike on April 26. The "emergency" move was aimed to halt the depreciation ...

CBA readies wealth demerger, records $9.2bn cash profit

DARREN SNYDER  |  WEDNESDAY, 8 AUG 2018
... "Operating momentum was driven by our core franchise which delivered good volume margin management in home and business lending, ongoing growth in transaction accounts and deposits and continued uptake of our technology offering. "We also continued to ...

Rethink property investment: Poll

HARRISON WORLEY  |  MONDAY, 6 AUG 2018
... agree or strongly agree it is critical to reassess property investment strategies as real estate cools and banks tighten lending practices. Just 14% of respondents to Financial Standard's weekly poll disagreed; saying now was not the time to reconsider ...

Global pension fund injects $500m into Aussie real estate debt

HARRISON WORLEY  |  THURSDAY, 2 AUG 2018
... injected $500 million into a new Challenger Investment Partners (CIP) fund investing in middle-market commercial property lending. The fund is designed to provide alternative financing to owners of well-located properties in "key gateway cities" along ...