PrimaryMarkets home to a growing number of financial services businesses 05 July 2023 4:25AM Growing companies are increasingly looking for alternatives to the Australian Securities Exchange for capital raising, and one that has become more prominent recently is PrimaryMarkets, a platform for.. read more
Briefs: NAB HR head retires, Open banking still a mystery to most 05 July 2023 4:19AM NAB group executive people and culture Susan Ferrier is leaving the bank at the end of October. read more
Households say they have no more spending to cut 04 July 2023 4:17AM Increases in mortgage arrears have been modest so far this year but there is worse to come, if the latest consumer survey is any guide. read more
Anti-Scam Centre launches first 'fusion cell' 04 July 2023 4:13AM The new National Anti-Scam Centre has launched its first so-called “fusion cell”, pulling together experts from regulators and industry to work on identifying ways of disrupting investment scams. read more
Lenders wind back mortgage deals 02 July 2023 8:41PM Cashback offers, big rate discounts and special low variable rates were withdrawn or adjusted by a number of lenders in June, as mortgage providers shifted their focus from market share to margin pres.. read more
Household savings continue to grow 29 June 2023 10:41PM Households deposited A$26.3 billion during the March quarter and now have a record $655.1 billion in at-call savings accounts and term deposits, the Australian Bureau of Statistics reports. read more
Home Guarantee Scheme eligibility expanded 29 June 2023 10:40PM The Home Guarantee Scheme, which is supported by 32 participating lenders, will offer another 50,000 places in the new financial year, but there will be some changes to the program. read more
LIBOR is no more 29 June 2023 1:49AM LIBOR will cease as a financial market benchmark rate on Friday, June 30, when the US dollar LIBOR panel winds up its activities and all use of US dollar LIBOR settings will be prohibited. read more
Borrowers are beginning to face stress: Fitch 28 June 2023 1:09AM Fitch’s latest Dinkum RMBS Index shows 30-day arrears in Australian prime RMBS portfolios rising by 16 basis points to 98 bps in the March quarter, and 90-day arrears rising 8 bps to 46 bps. read more
Climate disclosure reform gathers pace 28 June 2023 1:07AM The International Sustainability Standards Board has released IFRS S1 and IFRS S2 – its inaugural standards for sustainability-related and climate-related disclosures in global capital markets. read more