Digital Finance Analytics (DFA) Blog
"Intelligent Insight"
Westpac says a former HSBC wealth management boss will lead its new Business division, the result of the bank’s restructure and merging of the wealth businesses. Guilherme (Guil) Lima has come to the role of business chief executive from HSBC in Hong Kong, where he was group head of wealth management. Prior to his last … Continue reading “Westpac Announces New Wealth Head”
A final reminder – still time to send me a question before hand, or live.
The RBA’s Jonathan Kearns, Head of Financial Stability Department spoke to the Property Council. He said that the share of banks’ housing loans in arrears is now back around the level reached in 2010, the highest it has been for many years. But arrears are still well below the level reached in the early 1990s … Continue reading “RBA Untroubled By Mortgage Arrears {Gasp}”
Residential property prices fell 3.0 per cent in the March quarter 2019, according to figures released today by the Australian Bureau of Statistics (ABS). Through the year growth in property prices fell 10.3 per cent in Sydney and 9.4 per cent in Melbourne. Adelaide (0.8 per cent) and Hobart (4.6 per cent) are the only … Continue reading “Dwellings Fell By $172.7 Bn In March Quarter To $6.6 Trillion”
The RBA released their minutes today which clearly signals further rate cuts ahead as they drive toward to goal of 4.5% unemployment – the latest magic figure when wages will start to rise. Savers be dammed, to try and get household spending up. International Economic Conditions Members commenced their discussion by noting that the data … Continue reading “RBA Minutes – 4.5% Unemployment Target Means More Rate Cuts Ahead [Never Mind Savers!]”
The Bank Bill Swap Rate continues to fall, reflecting lower rates here are overseas. This should give the banks more ability to pass on full rate cuts and protect their margins. Remember that a few months we were looking at significant positive swings, now we are ~46 basis points down compared with the low point … Continue reading “BBSW Falls Further”
The S&P Spin Index for April shows a further rise in mortgage defaults, with WA and QLD leading the way. Only the ACT fell. Now of course these are a myopic cross selection of loans, because they are those in the securitised pools. However, the rising trend continues. Within the mix, 90+ days arrears continue … Continue reading “Mortgage Arrears Higher Again In April”
From The Conversation. With its official cash rate now expected to fall below 1% to a new extraordinarily low close to zero, all sorts of people are saying that the Reserve Bank is in danger of “running out of ammunition.” Ammunition might be needed if, as during the last financial crisis, it needs to cut … Continue reading “How the Reserve Bank would make quantitative easing work”
We discuss the latest buildings crisis and our live show tomorrow.
In the latest in our occasional series on digitally disruptive innovators, we look at Tradeplus24. Note DFA is not paid for this article. Our sole focus is to share insights into the disruption which is occurring across the Finance Sector. Trade Receivables in no exception. I caught up with ex-Nab exec Adam Lane, Managing Director … Continue reading “Fintech Spotlight – Digital Disruption of Trade Receivables”