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Ex RBS Boss To Head NAB Next Year

Former chief executive of the Royal Bank of Scotland, Ross McEwan has been appointed to the role of group chief executive officer and managing director.  Mr McEwan has been chief executive of the Royal Bank of Scotland since 2013 and led the bank through significant change and recovery.  Mr McEwan will start at NAB no … Continue reading “Ex RBS Boss To Head NAB Next Year”

Fitch Ratings downgrades Westpac, ANZ outlook

Credit rating agency Fitch Ratings has changed its outlook on Westpac and ANZ from “stable” to “negative”, following APRA’s update of its capital requirements for the major banks. Via InvestorDaily. While the additional operational capital requirements should remain manageable for the banks, Fitch said the main driver for the changes were driven by a concern for … Continue reading “Fitch Ratings downgrades Westpac, ANZ outlook”

The Mandurah Establishment Attacks Adams and North

WA state and federal politicians react to our earlier show. We react in turn. Our earlier post: https://www.theaustralian.com.au/nation/politics/buyers-told-to-chance-the-market-by-minister-sukkar/news-story/d1726505fbb127c5cc959382bd76b495 http://epaper.communitynews.com.au/mandurah-coastal-times/20190717 https://cecaust.com.au/

RBA On Household Debt And Financial Stress – FOI

The RBA released a freedom of information request today. They say: Household debt-to-income has drifted up, to 190 per cent (Graph 1 – broad measure, includes debt of unincorporated enterprises, new migrants’ offshore debt, HECS and to non-financials). More frequently we cite housing debt-to-income which has increased to over 140 per cent (up 23 percentage … Continue reading “RBA On Household Debt And Financial Stress – FOI”

Building ministers announce national approach to reforms

A new agreement by the Building Ministers Forum to implement a national approach to reforms is a major step forward in addressing poor building outcomes and restoring community confidence. Via FPA Australia. At a Building Ministers Forum (BMF) meeting this morning, state, territory and Commonwealth ministers announced a unanimous decision to establish a national approach … Continue reading “Building ministers announce national approach to reforms”

A Conversation With Steve Keen: Part 4 – Data and Crowdfunding [Podcast]

This is the final part of my conversation with economist Steve Keen. Part One : https://youtu.be/fn0zNIkepbA Part Two: https://youtu.be/KgJOuA9Bkto Part Three: https://youtu.be/uUXKNAQIdO0 Support Steve via his Patreon Channel: https://www.patreon.com/ProfSteveKeen Watch our previous show: Are Icebergs Fluffy? … A Conversation With Steve Keen https://youtu.be/OxG03LPcT4I