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26 March 2019 • By Annie Kane • 1 min read

KKR-backed lender pulls out of mortgages 

A local mortgage lender specialising in non-residents is being wound down and will not proceed with any loan applications lodged after 18 March

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Perpetual launches new credit income trust

Perpetual has opened its initial public offering for its Perpetual Credit Income Trust, with it saying the indicative bids have already surpassed its ...

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Westpac should ‘expect ongoing challenges’: Morgan Stanley

Westpac Group’s wealth revenues will fall by around $300 million over the next two years, according to Morgan Stanley, following the bank’s ...

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Wealth boss receives 26% pay rise despite $25bn in outflows 

The CEO of an ASX-listed global asset manager received a significant boost to his base salary and more than $400,000 in benefits for relocating to ...

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AMP dodges strike amid rising shareholder activism

AMP has been one of the first to attempt to prevent shareholders revolting against the board ahead of its annual general meeting, with strikes on the ...

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Rate cuts won’t stimulate housing, says Oliver

Anyone expecting an RBA rate cut to trigger a repeat of the six-year property boom we experienced from 2011 needs to think again, according to one of ...

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Economic risks ‘heightened’ amid property downturn: RBA

The Reserve Bank has warned of negative equity risks among off-the-plan property buyers and the broader economic consequences of a supply glut on an ...

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Wealth managers to snatch up yield assets

Australian asset managers will be aggressively buying yield assets as the US Federal Reserve has delayed further interest rate increases for a year, ...

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$25bn mortgage slump hits bank profits

Australian banks saw a sharp year-on-year contraction in new home loan settlements in light of tighter credit conditions and reduced demand for ...

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‘The business model is challenged’: AMP

Troubled wealth giant AMP has admitted it faces a long hard road to recovery. With an increasingly vigilant regulator, conduct remains its greatest ...

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