Archived News for Finance Sector Professionals
First home buyers are more likely to seek advice from a professional mortgage broker than their parents, but prefer the advice of their parents if they have to pay for it according to the latest research conducted by Mortgage Choice.
Customer satisfaction booms
Customer satisfaction with the nation’s largest banks have skyrocketed to their highest ever levels, marking the fourth consecutive month that Roy Morgan Research has tracked a positive upswing in consumer sentiment in the area.
Growth picking up pace finds report
The country’s economic growth is significantly higher than previously anticipated, according to the Westpac-Melbourne Institute Leading Index.
School improvement an economic silver bullet finds report
Improving the performance of the nation’s schools could deliver benefits more than twice the current annual economic output, according to an analysis conducted by PricewaterhouseCoopers.
Government announces HFT reform
The Federal Government has announced a suite of market integrity reforms aimed at better protecting investors who use Australia’s financial markets.
Small business trading slips finds ACCI
Small busing trading conditions have continued to deteriorate in September quarter, with key indexes entering deep contractionary territory, according to the latest Small Business Survey published by the Australian Chamber of Commerce and Industry (ACCI).
IMF validates financial management says Swan
The International Monetary Fund (IMF) has released the 2012 Article IV Staff Report and Financial Sector Assessment Program, which Treasure Wayne Swan says is a 'big tick' for the Australian economy.
NAB announces executive reshuffle
The NAB has announced a number of senior leadership appointments across the bank.
Red tape stifles director sentiment
Director sentiment has hit its lowest level in two years, as fears of the health of Asian economies and growing pessimism about the promise of a resolution of the European debt crisis weighs heavily on the nation's top business leaders.
Strong named Chairman of AICD
James Strong has been appointed as the new Chairman of the Australian Institute of Company Directors following the conclusion of the Annual General Meeting held late last week.
Qantas announces debt reduction and share buy-back
Qantas has announced it will repay $650 million in debt ahead of schedule and invest up to $100 million in an on-market share buy-back, which is set to represent approximately 4 per cent of Qantas shares.
Report confirms Victoria's finances
The Victorian auditor General has handed down the final approval of the 2011-12 Annual Financial Report (AFR), confirming the $571 net operating result.
ASIC launches campaign to reunite people with wayward money
The Australian Securities and Investments Commission (ASIC) has launched a new campaign to help re-unite Australians with their lost money, after the total amount of unclaimed cash had risen to a record $667 million, an increase of more than $40 million from 2011.
Consumer sentiment records strong lift
Consumer sentiment has recorded a 5.2 per cent bounce, with the Westpac Melbourne Institute of Consumer Index tracking it at 99.2 points in October to 104.3 points in November.
Jordan named Commissioner of Taxation
The Federal government has announced the appointment of Chris Jordan as Commissioner of Taxation for a seven-year period, starting in January next year.
Victoria announces Banksia support
The Victorian Government's Banksia Working Group has announced a series of support measures aimed at providing immediate assistance to communities impacted by the recent collapse of the Banksia Finance Group.
Business confidence hits four-year low
Business confidence has plummeted to the lowest point in four-years, according to a new report released by New Port Consulting.
RBA keeps a steady hand on rates
The Reserve Bank of Australia has bucked the trend of a Melbourne Cup interest rate cut by keeping the official cash rate unchanged at 3.25 per cent.
Unemployment remains at 5.4 per cent
Australia's seasonally adjusted unemployment rate decreased slightly but the rounded estimate remained at 5.4 per cent in October, as announced by the Australian Bureau of Statistics (ABS).
Yellow Brick Road to crack into financial services sector
Yellow Brick Road has announced it has launched ‘an assault’ on the banking sector in a bid to establish ‘a much-needed alternative for Australian consumers’ by providing a range of mortgage products with banking and wealth management solutions to come online by 2013.
ANZ announces Asia-Pacific merger
ANZ has announced the merger of its Asia and Pacific businesses, to be led by current CEO Asia Gilles Planté, who will now be appointed ANZ CEO Asia Pacific.