Digital Finance Analytics (DFA) Blog
"Intelligent Insight"
From InvestorDaily. Are you a major financial institution looking to profit from misconduct? The corporate regulator is open to negotiations. There are very few surprises in Hayne’s interim report. Fortunately, the document backs up what I’ve long suspected – that ASIC is a toothless tiger of a regulator when it comes to the big end … Continue reading “ASIC may just be the best deal maker in town”
ASIC says an ongoing investigation has resulted in the permanent banning of former National Australia Bank (NAB) branch manager Mathew Alwan from engaging in credit activities and providing financial services. The ban is the result of an extensive ASIC investigation in respect of NAB employees in greater western Sydney who were accepting false documents in … Continue reading “ASIC permanently bans another former NAB branch manager”
Digital Finance Analytics (DFA) has released the September 2018 mortgage stress and default analysis update. We have just crossed the 1 million, for the first time ever in our history. The latest RBA data on household debt to income to June reached a new high of 190.5[1]. This high debt level helps to explain the … Continue reading “Mortgage Stress Busts The 1 Million Households”
ANZ has warned today that their Full Year Cash Profit will be impacted by additional charges for customer compensation, accelerated amortisation of software and other notable items. Charges of $374 million have be recognised in 2H18 for refunds to customers and related remediation costs. These relate to issues that have been identified from reviews to … Continue reading “ANZ Issues Profit Downgrade Warning”
Industry participants are being to react to the Royal Commission report, of course arguing from their own corner. Here is the latest. The Mortgage & Finance Association of Australia (MFAA) has released a full response after the interim report of the Royal Commission, saying there is no evidence of systemic misconduct and outlining responses to … Continue reading “No Evidence of Systemic Misconduct Says MFAA”
We look at the latest Ratings Agency Ratings.
New data suggests that our four major banks are less well capitalised than you might expect, so today we discuss the implications. Back in 2014, ex-Commonwealth Bank of Australia chief David Murray lead a financial system inquiry which recommended that Australia’s banks should maintain “unquestionably strong” status from a capital perspective. Specifically, to avoid issues … Continue reading “Are Our Major Banks “Unquestionably Strong”?”
Welcome to the Property Imperative weekly to 6th October 2018, our digest of the latest finance and property news with a distinctively Australian flavour. The main news this week centres on the rising long terms US Bond Rate, which signals higher interest rates ahead on the capital markets. After the global financial crisis, the US … Continue reading “Bond Yields Rocket Higher – The Property Imperative Weekly 6th October 2018”
The latest edition of our weekly finance and property news digest with a distinctively Australian flavour.
Domain have released their preliminary auction clearance results for today. Once again the data shows low settlement rates, although the volume is higher this week than the previous holidays weekend. It is much lower than a year ago both in terms of volumes and sales. Brisbane listed 102, reported 48 and 7 were withdrawn. 17 … Continue reading “Auction Results 06 October 2018”
