Investment and ratings firm Moody’s has just released its latest outlook on the Australian banking system. ‘Banking System Outlook: Australia’ says that banks will remain stable in the face of a tough operating environment.
AMP [ASX:AMP] have just announced that they will freeze all investor lending for the time being. That could potentially make it harder for you to invest in property*.
ANZ has just released a new report entitled ANZ Women’s Report: Barriers to Achieving Financial Gender Equity.
According to the weekly poll by ANZ [ASX:ANZ] and Roy Morgan Research, consumer confidence is up again.
Macquarie Group [ASX:MQG] has just released its first quarter FY16 update. They are expecting profits this year (FY16) to be higher than they were in FY15.
APRA has finally gone and done something about the big banks’ risky property lending. Unfortunately, it’s going to hit some investors harder than others.
The FSI said that APRA should ‘set capital standards such that Australian authorised deposit-taking institution [ADI] capital ratios are unquestionably strong.’
Yesterday, Westpac (ASX:WBC) announced that it would make it tougher for investors to get loans for property.
The single biggest and most impactful image has been the queues of savers standing outside banks, hoping to withdraw at least some of their savings.
Consumer confidence is back up again. At least, it is according to the weekly ANZ Roy Morgan Consumer Confidence rating.