Financial Services
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Coming to a bank near you…
Stuart Jackson
December 16, 2015
ANZ has announced that it has signed an agreement with Google for ANZ customers to be able to upload their credit and debit accounts to Android Pay. This will allow customers to use ANZ accounts to make contactless payments for goods and services. ANZ expects to begin offering access to Android Pay by mid 2016, and will also be able to provide contactless payments through its own app on Android phones (allowing it to retain 100 per cent of the interchange fee if it can convince customers to use its app rather than Android Pay).
by Stuart Jackson Posted in Financial Services, Insightful Insights.
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Out of the frying pan and into the fire
Stuart Jackson
December 10, 2015
Disruption is a topic of continual discussion in financial markets these days. Digital disruption works best when a new process is able to effectively provide the same or better service at substantially lower cost. This cost advantage can be the result of efficiencies from technology, or a new model that is able to bypass artificially imposed costs, such as regulatory costs. continue…
by Stuart Jackson Posted in Financial Services, Insightful Insights.
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A Scenario to Consider
Tim Kelley
November 18, 2015
This chart from the latest RBA Chart Pack shows (on the left hand side) the level of debt held by Australian households as a percentage of disposable income. As you can see, debt levels have been on something of a bender for the last few decades. Associated with this, we have seen excellent growth in mortgage books for the big four banks, and a generally chipper residential property market. continue…
by Tim Kelley Posted in Financial Services, Insightful Insights.
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Diverging results in Australia’s major banks
Stuart Jackson
November 11, 2015
We have just come through another bank reporting season, so in this blog post we will provide an update on how we saw the results.
In summary the results were generally a bit softer than expected, with quality weaker than the reported numbers would otherwise indicate. continue…
by Stuart Jackson Posted in Financial Services, Insightful Insights.
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The Business – ABC News
Roger Montgomery
November 5, 2015
In this interview with Ticky Fullerton, Roger Montgomery discusses the sharemarket, the Australian dollar and the RBA’s decision not to cut rates. What does this mean for mortgage holders and the big banks?
You can listen to all of the team’s television interviews through browsing our media library, view more clips here.
by Roger Montgomery Posted in Financial Services, Insightful Insights.
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Don’t bank on it getting better
Roger Montgomery
October 28, 2015
Invest for the long-term. That’s the catchcry of a phalanx of commentators since investing in equities emerged from the shadow of railway bonds. But investing for the long-term only makes sense if you invest in extraordinary businesses. The longer you stay invested in mediocre businesses the greater your loss in either nominal terms or opportunities foregone – or both. continue…
by Roger Montgomery Posted in Financial Services, Insightful Insights.
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Lifting loan rates won’t help banks
Roger Montgomery
October 26, 2015
In this column published in The Australian, Roger explores the implications of David Murray’s Financial System Inquiry.
Click on the image below to read his piece entitled “Lifting loan rates won’t help banks”.
You can read all of the team’s press articles through browsing our media library, view more articles here.by Roger Montgomery Posted in Financial Services, Insightful Insights.
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The Business – ABC News
Roger Montgomery
October 21, 2015
In this interview with Ticky Fullerton, Roger Montgomery discusses David Murray’s Financial Systems Inquiry recommendations that have put the Big Banks in the line of fire.
Is the decade of clover for the banks and their shareholders over?
You can listen to all of the team’s television interviews through browsing our media library, view more clips here.
by Roger Montgomery Posted in Financial Services, Insightful Insights.
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What’s the outlook for mortgage rates?
Stuart Jackson
September 23, 2015
As we have discussed a number of times in the past, the major banks face significant headwinds from increasing capital adequacy requirements over the next few years. This is due to a partial reversal of the significantly lower risk weightings that were applied to major bank mortgages, combined with the need to generally hold more equity capital to reduce the potential risks given their ‘too big to fail’ status in the Australian economy. continue…
by Stuart Jackson Posted in Financial Services, Insightful Insights.
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Maybe we’re not quite done on the major bank capital raising just yet
Stuart Jackson
August 26, 2015
The volatility in equity markets over the last week is likely to be making a few bankers a little nervous. continue…
by Stuart Jackson Posted in Financial Services, Insightful Insights.
