Bank of Qld’s profits will be hit by more than $22 million after it reached a settlement with ASIC over the Storm Financial collapse. The bank announced yesterday that it had resolved both of its outstanding Storm Financial proceedings, subject to Federal Court approval. The two proceedings are ASIC’s unregistered managed investment scheme proceedings, which […]
New research reveals that Aussies are staying on top of their mortgage commitments, thanks to the strong housing market and low interest rates. According to ratings agency Fitch’s Dinkum RMBS Index, mortgage arrears remained stable in the second quarter of 2014 due to the intense competition in the mortgage market keeping interest rates at rock […]
The competition for top spot in customer satisfaction rating among the major banks is narrowing, new research has shown. The latest Roy Morgan Research banking customer satisfaction survey has seen Commonwealth Bank retain its top spot among the majors for customer satisfaction at 81.5%. But Westpac has narrowed CBA’s lead, ranking 80.2% for customer satisfaction. […]
The Queensland economy is ready to move on from its mining days and ride ‘the next wave’: gas, tourism, agribusiness, international education and wealth management. According to the Deloitte Qld Index 2014, employment growth in Qld over the next five years is expected to average 2.5% per annum. That compares with expected employment growth for […]
