NAB lifts three, four and five-year fixed rates
NAB has raised its three, four and five-year fixed rates by as much as 0.3 per cent, but holds two-year offering at 1.99 per cent to keep new customers coming through the door.
Financial Services
‘Incredibly disappointed’: KPMG cheating exposed
KPMG has been fined, two partners forced out and staff docked pay or disciplined after widespread cheating on internal training tests.
Banks field 37,000 calls for help in the last month
Hardship assistance to under-pressure borrowers almost tripled over the past month with loan deferrals in NSW spiking the most.
‘Lifting rates won’t end housing crisis’
Reserve Bank governor Philip Lowe says hiking rates now is not the solution to the nation’s housing affordability crisis.
Small businesses sink teeth into loan scheme
Whether building a cash buffer or reinventing their operations, small businesses are using a government loan scheme to help Australia’s economy recover from Covid-19.
RBA clears the way for home loan clampdown
The RBA’s determination to exclude itself from home price policy means mortgage curbs will be used to cool the market.
RBA rebuffs interest rate speculation
The RBA has pushed back against speculation of rate hikes, as NAB’s business survey backed the central bank’s view the economy will quickly recover.
Carbon credit in demand
Born in Australia, Carbon Growth Partners has launched the world’s first fund to invest in carbon credits and investors have rushed to get aboard a new environmental fund.
SMEs ‘ready to quit’ in lockdown, Judo warns
Smaller businesses are confronting a daunting challenge to secure credit during renewed Covid-19 lockdowns, as many consider ‘quitting altogether’, a Judo Bank survey has found.
Zip to offer cards, crypto
Buy-now-pay-later group Zip is expanding its offering to include cards and crypto as it pushes into the US market.
PNG regulator blocks Westpac Pacific sale
Papua New Guinea’s competition regulator has blocked the $420m sale of Westpac’s pacific business to Kina Bank.
Financial Crimes Squad investigating Forum
NSW’s Financial Crimes Squad is acting on a referral by the police and has started a formal investigation into Forum Finance and its founder Bill Papas.
Investment returns ‘lifted by mixed gender teams’
Mixed teams of men and women produce the best returns, says research looking at gender in fund manager performance.
Corporates ‘stockpiling’ on supply strains
Large bank customers are bringing forward purchases to ensure certainty of supply and lock in prices as Covid-19 disruptions continue to cripple supply chains.
ANZ plans lending ramp-up for SMEs
ANZ is gearing up for a lending blitz following the expansion of the federal government’s SME recovery loan scheme.
ASIC still a tough cop, Longo insists
New ASIC chairman Joe Longo says he will oversee a pro-enforcement regulator, despite ditching royal commissioner Ken Hayne’s ‘why not litigate’ mantra.
Citi’s Luet banks on M&A, energy transition
Citi Australia chief Marc Luet has had a good week. Friday’s $21bn Santos and Oil Search merger will bump up the bank in Dealogic’s M&A rankings.
Beware days of reckoning: Costello
Easy money and record-low interest rates are driving investment markets to daily records, but Peter Costello says it’s a short-term strategy.
Thirty years of making the big calls
Bill Evans tells what worries him most about the three decades to come after 30 years as Westpac’s chief economist.
Energy super fund faces scrutiny
The financial regulator flags potential action against the Energy Industries Superannuation Scheme over questionable spending.
Original URL: https://www.theaustralian.com.au/business/financial-services/page/200