Borrowers may find it difficult refinancing loans as credit tightens: RBA

Borrowers may find it difficult refinancing loans as credit tightens: RBA

Updated May 04, 2018 15:38:02 Tighter lending standards are likely to make it more difficult for property investors to extend the life of their interest-only loans and leave some borrowers exposed to surging repayments, the Reserve Bank has warned. The RBA says the recent stance by the Australian Securities & …

Commonwealth Games: Australian medallists credit families for Gold Coast success – Commonwealth Games 2018

Commonwealth Games: Australian medallists credit families for Gold Coast success – Commonwealth Games 2018

Posted April 13, 2018 08:55:46 Photo: Luke Mathews took a few minutes out of his victory lap to celebrate his bronze medal with his family. (AAP: Dean Lewins) To suggest Luke Mathews and his family are close would be an understatement. As he slowly made his way around the Carrara …

eFinancialCareers jobs: CIB – Risk – Credit Risk, Corporates

eFinancialCareers jobs: CIB – Risk – Credit Risk, Corporates

eFinancialCareers jobs: CIB – Risk – Credit Risk, Corporates – Vice President in J.P. Morgan, Sydney, New South Wales, Australia 11064 jobs globally for professionals and students in Finance, Banking, Accounting and Insurance …

China’s social credit system seeks to assign citizens scores, engineer social behaviour

China’s social credit system seeks to assign citizens scores, engineer social behaviour

Posted March 31, 2018 06:07:27 Video: Surveillance software identifies details about people and vehicles in Beijing.(Photo: Reuters/Thomas Peter) (The World) Chinese authorities claim they have banned more than 7 million people deemed “untrustworthy” from boarding flights, and nearly 3 million others from riding on high-speed trains, according to a report …

Banking Royal Commission could spark a credit crunch that drags down wider economy, UBS analysts say

Banking Royal Commission could spark a credit crunch that drags down wider economy, UBS analysts say

Posted March 24, 2018 05:50:39 Photo: Credit conditions could become far tighter following the banking royal commission. (ABC News: Michael Barnett) It has just been going just two weeks but the royal commission into the banks has had a vastly more material impact than most observers expected. Key points: Tighter …

Commonwealth Bank offered credit card increases to problem gambler | Australia news

The Commonwealth Bank has admitted to offering repeated credit card limit increases to a customer who was begging them to stop because he had a gambling addiction and a $30,000 debt. Michael Harris, a qualified roof tiler, broke down in tears on Thursday at the financial services royal commission when …

Banking royal commission: Commonwealth Bank offered gambler credit card limit increases

Banking royal commission: Commonwealth Bank offered gambler credit card limit increases

Updated March 22, 2018 18:57:46 Video: Gambling addict says CommBank offered him credit limit increases (ABC News) The Commonwealth Bank continued to offer card limit increases to a young man deep in credit card debt after he told them he had a gambling problem. Key points: David Harris racked up …