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JPMorgan’s digital banking “failure” is credit positive

On 6 June, JPMorgan Chase & Co. announced that it would shut down Finn, its digital consumer banking brand focused on attracting younger customers, via Moody’s. At first glance, some might consider the decision to shut down the offering as a setback, however it also demonstrates JPM’s superior ability compared to many peers to experiment … Continue reading “JPMorgan’s digital banking “failure” is credit positive”

G20 Finance Ministers and Central Bank Governors Meeting Says Growth Projected To Pick Up

The meeting in Japan has published the following communique: Global growth appears to be stabilizing, and is generally projected to pick up moderately later this year and into 2020. This recovery is supported by the continuation of accommodative financial conditions, stimulus measures taking effect in some countries, and one-off factors dissipating. However, growth remains low … Continue reading “G20 Finance Ministers and Central Bank Governors Meeting Says Growth Projected To Pick Up”

Can Frazis Turn BOQ’s Fortunes Around?

After successfully leading Westpac’s consumer bank, BOQ’s new boss George Frazis has landed a big job at a much smaller bank with a shrinking mortgage book, via InvestorDaily. In April, Bank of Queensland reported reporting negative mortgage growth of $248 million, down from positive growth of $11 million in 1H18, with its portfolio dropping to … Continue reading “Can Frazis Turn BOQ’s Fortunes Around?”

Auction Results 08 Jun 2019

Domain have released their preliminary results for today, a long weekend for many, so not necessarily a typical day’s sales. The final results last week settled a little higher at 52.4%, with 1,321 listed and 665 sold, still lower than a year ago. Volumes remain light both in terms of total sales and total value. … Continue reading “Auction Results 08 Jun 2019”