Financial Services
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Could an open banking regime benefit robo advisers?
Dean Curnow
July 10, 2018
It’s hard to ignore the inroads being made by robo advice firms in the wealth management industry. Now, robo advisers could receive a further boost on the back of the upcoming open banking regime. continue…
by Dean Curnow Posted in Financial Services
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Despite low interest rates, mortgage stress is on the rise
Andreas Lundberg
July 10, 2018
Although interest rates remain at historically low levels, we’ve seen a continuing increase in mortgage stress over the past two years. Today, over 30 per cent of owner-occupier borrowing households across Australia are in mortgage stress. And things could get even worse if the major banks raise their rates. continue…
by Andreas Lundberg Posted in Financial Services
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Are the big banks about to raise mortgage rates?
Stuart Jackson
July 6, 2018
While you may not follow movements in the bank bill swap rate (BBSW), right now they are worth paying attention to. You see, rates are on the rise. And that means the funding costs for our major banks are also going up. This could force them to raise mortgage rates – and take mortgage stress to another level. continue…
by Stuart Jackson Posted in Financial Services
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Why are the banks refocusing on core competencies?
Stuart Jackson
June 29, 2018
In this week’s video insight Stuart discusses why the banks are selling or demerging lower return overseas operations and insurance operations. continue…
by Stuart Jackson Posted in Financial Services, Video Insights
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The Shifting Sands of Banking
George Hadjia
June 18, 2018
Banking, an industry that has changed very little over hundreds of years, is now being gripped by a tsunami of technological change. At a recent industry conference, banking executives laid out their plans for how to deal with this shifting landscape, as well as provided insights into the current state of play for banks in the U.S. and globally. continue…
by George Hadjia Posted in Financial Services
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Is there more pain ahead for Aussie banks?
Roger Montgomery
June 15, 2018
Since peaking in March 2015, the share prices of our major banks have been plummeting. I fear there is more bad news ahead with the markets beginning to catch up with factors that will limit the banks’ ability to grow their mortgage books as quickly as they have in recent years. continue…
by Roger Montgomery Posted in Financial Services
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Could new technology threaten bank profits?
Stuart Jackson
June 14, 2018
Forget the Royal Commission. An even greater threat to Aussie banks lies just over the horizon in the form of new high-tech competitors that can price financial products at levels that our banks find impossible to match. continue…
by Stuart Jackson Posted in Financial Services
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Is loan book growth stabilising?
Stuart Jackson
June 4, 2018
The statistical release of APRA and the RBA’s credit growth data for April shows a stabilisation in the rate of overall mortgage, personal and business loan book growth at 5 per cent across the overall Australian market. By category, mortgage book growth continued to slow, increasing 6 per cent year over year, while business loan book growth improved a little to 4.4 per cent. continue…
by Stuart Jackson Posted in Financial Services
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Looking for value in the banks
Andrew Macken
May 31, 2018
There has been an ongoing crescendo in the commentary on the major Australian banks over recent weeks. As part of the Royal Commission, instances of unethical behaviour have been uncovered that has even surprised the most cynical amongst us. And this poses an interesting question for Australian equity investors. continue…
by Andrew Macken Posted in Financial Services
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Let’s take a look at the banks’ results
Stuart Jackson
May 15, 2018
In the midst of the Royal Commission into Misconduct in Financial Services, the major banks have released their latest half yearly results. The market headed into the reporting period with a high degree of apprehension given the public backlash emanating from the revelations coming from testimony at the Royal Commission to date. continue…
by Stuart Jackson Posted in Companies, Financial Services
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