Markets

In the Trump era, longstanding bank rules requiring customers to identify their country of origin has some people worried about where that information might end up

Banks in the US routinely solicit identification documents from their customers as part of the institutions’ due-diligence efforts, ensuring the banks are complying with federal law. But for people from certain countries, the prospect of revealing their country of origin is risky in an era where the Trump administration is […]
In the Trump era, longstanding bank rules requiring customers to identify their country of origin has some people worried about where that information might end up
Markets

There are more signs of cooling home prices in Sydney

Sydney home values remained unchanged in April, adding to a string of a data that points to a slowdown in property prices in the Australia’s largest city. The April results mark the weakest monthly change in dwelling values in Sydney since December 2015 had a 1.2% fall, data from research […]
There are more signs of cooling home prices in Sydney
Markets

Investor housing credit is finally slowing after banks raised rates

Monthly Australian investor mortgage growth slowed for the first time in almost a year after banks raised interest rates to rein in speculators. Outstanding loans for investment housing grew by 0.6% in January, down from December’s 0.8% climb, according to data from the Reserve Bank of Australia. That was the […]
Investor housing credit is finally slowing after banks raised rates
Markets

Deutsche Bank name Westpac and NAB as their top bank stock picks

Westpac and National Australia Bank are Deutsche Banks’s top picks in the Australian banking sector with total returns on the two stocks expected to run in the teens in 2017. Westpac is well positioned, with strong market share in high returning segments such as mortgages, plus a focus on cost […]
Deutsche Bank name Westpac and NAB as their top bank stock picks
Markets

5 reasons Australian banks might lift rates, and help the RBA

Two of Australia’s major banks – NAB and ANZ – this month increased a range of fixed home loan rates by as much as 0.6%. The central bank cash rate, meanwhile, has stood pat at a record low of 1.5% since August, and economists remain divided on which way the […]
5 reasons Australian banks might lift rates, and help the RBA
Markets

Australia’s largest banks still face billions in capital shortfalls

The Commonwealth Bank of Australia and its key competitors, which together raised record amounts of capital in 2015, face a combined $6.1 billion shortfall and may need to sell more shares as early as this year. Three of the four largest lenders –Commonwealth Bank, National Australia Bank Ltd., and Westpac […]
Australia’s largest banks still face billions in capital shortfalls