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CBA raises fixed home loan rates

Investors have been denying owner-occupiers houses they once would have bought.

CBA is raising interest rates on a range of fixed-rate home loans, the latest big bank to increase costs for home buyers seeking to lock in their borrowing costs.

'Trump conned them': Wall Street wins again

President-elect Donald Trump: standard media reporting no longer applies.

If Mnuchin becomes Treasury secretary, he'll be the third Goldman Sachs alum in three decades to get the job as the President-elect surrounds himself with bankers and billionaires.

ANZ warns on overbuilding in apartment market

Banks are already reporting a growing number of buyers are struggling to settle on time.

The high-rise construction boom that is transforming the skylines of Sydney, Melbourne and Brisbane will probably leave parts of these cities with too many apartments, ANZ Bank chief executive Shayne Elliott predicts.

Apartment 'settlement bulge' a key risk for property

The apartment settlement bulge needs to be closely watched, BoQ chair Roger Davis says.

Bank of Queensland chairman Roger Davis has highlighted the risks from a looming surge in apartment settlements Brisbane and Melbourne, amid signs more buyers are facing difficulties completing off-the-plan purchases.

ASIC bans former Westpac financial planner

Former Westpac adviser Anthony Bishop is the 22nd financial planner to be banned under a crackdown by the corporate ...

A former Westpac financial planner has been banned from providing financial advice for eight years after an investigation found he gave clients inappropriate advice, costing the bank $1.1 million.

ASIC backs more data sharing in banking

More sharing of bank customers' data would benefit competition, ASIC says.

Corporate cop Greg Medcraft says the government's banking inquiry is right to focus on ways to make banks share more data on their customers, a move that would boost competition in the concentrated sector.

Big banks 'will follow' Westpac's rate hike

Westpac lifts interest rates on fixed rate mortgages

Westpac Bank is the first of the majors to increase interest rates on its fixed rate home loans and investment loans, but market watchers says it likely the other majors will follow. 

Rio chief: 'I would love to have more diamonds'

"I would love to have more diamonds to be very explicit", says Rio Tinto CEO Jean-Sebastien Jacques. "That's a priority ...

When Rio Tinto chief Jean-Sebastien Jacques took the reins of the world's second-biggest mining company in July, there was speculation he'd sell the company's diamond business. Not so.

Putting on the Ritz-Carlton: The Star heralds return of luxury hotel

Going up: FJMT has been awarded the design for the new Ritz-Carlton hotel at The Star.

The Sydney skyline is set to be transformed with the development of the new $500 million Ritz-Carlton hotel, including apartments and an updated restaurant strip at Pyrmont, as part of the Star Entertainment group's renovation of the city's main casino as it prepares to take on James Packer's Crown resort at Barangaroo.

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