383

The steady reduction in interest rates over the past two years has reduced the proportion of income that households are committing to interest payments on debts, but overall household debt has only.. read more

Bank of Sydney chief executive, Julie Elliott, hasn't wasted any time shopping for talent at her old bank, Westpac. She has hired Dian Gatti to head retail banking at BoS. read more

The Australian Competition and Consumer Commission has given Visa and MasterCard permission to work together  to phase out the use of signatures for card transactions. read more

National Australia Bank has completed a trial of a bring-your-own-device program and plans to make BYOD more widely available to its staff. read more

The recent strong growth in demand for residential property should be kept in perspective and any talk of a bubble avoided, says Reserve Bank deputy governor Malcolm Edey. read more

Investec Bank (Australia) will report a loss for the six months to September, as a result of a restructuring its business that has been going on for the past few months. read more

If the Treasurer, Joe Hockey, is looking for advice on how to set the terms of reference for his promised financial system inquiry then here it is: keep them as wide ranging as possible. Speakers at.. read more

One reason the Reserve Bank wants banks to maintain prudent lending standards is that the proportion of households with mortgages has increased over the long term. Another is that the average level.. read more

Financial regulators have been advised to consider including caps on loan-to-valuation ratios and also caps on debt to-to-income ratios in the macro prudential toolkits. An International Monetary Fund.. read more

The reverse mortgage market is struggling to get the attention of retirees considering home equity release to help fund their retirement years. Deloitte and the Senior Australians Equity Release As.. read more