Posted: February 4th, 2017 | Author: Michael Courtenay | Filed under: Business and Economy | Tags: AUSTRALIA, Bank, Banking, Business News, consumer-finance, regulation, Small Business | Comments Off on REPORT: Small Business Inquiry Finds Australian Big Bank Practices Unfair
I’ve banked with a small bank – Bendigo Bank – since my return to Melbourne 8 years ago. Australia’s big banks have plenty of critics, and now they can add the Small Business Ombudsman to that fast growing list.
The high profile Ombudsman, Kate Carnell, who has authored a report released today into banking practices, has found lenders are not being fair when they enter into contracts with small and medium-sized businesses.
The big four banks enjoy a $19 billion advantage over their smaller rivals by still being able to self-calculate the riskiness of their home loans according to analysis from the Australian Prudential Regulation Authority.
Despite a new regulatory framework requiring the big banks to hold larger top tier capital buffers, their ability to internally assess their asset risks is still a huge advantage in terms of the amount of “expensive” capital locked up and their ability to access cheaper funding.
While the CBA, NAB, Westpac and ANZ are now required to base their regulatory capital on a blanket of at least 25 percent of mortgages being at risk, smaller lenders must base their risk weightings at 39 percent :: Read the full article »»»»
Posted: August 26th, 2015 | Author: Michael Courtenay | Filed under: Business and Economy | Tags: Analytics, Business News, CHINA, Correction, Crash, Global Share Markets, Market Watch, Socially Engineered | Comments Off on Anatomy of a Bloodbath, Will Augusts Stock Market Correction CRASH?
Many financial analysts have rushed to describe the current global stock market turmoil as a historic event, unprecedented, a bloodbath, however its evolution has so far been quite traditional. The correction, if that’s what this is, has been building since 2011/12 when many analysts began to question the numbers attached to Chinese growth, peaking earlier this year when markets reached new optimism, April marked historic highs for global indices. And while markets around the globe rally to retake losses, China remains the question on everyone’s lips.
Globally this current selloff started as a repricing of growth outlooks, in the main based on believable or unbelievable numbers out of China over the past 5 years, mounting evidence of economic weakness in the worlds second largest economy, coupled with persistent low growth in Europe and Japan, made it hard for markets to ignore the impact on earnings and profitability of what looked suspiciously like a global slowdown :: Read the full article »»»»
Posted: December 9th, 2014 | Author: Marcus Dangerfield | Filed under: Business and Economy, Wealth Creation | Tags: Alan Dixon, New York Property Market, Wealth Creation | Comments Off on Aussie Property Mogul Becomes Biggest Single Investor in the Big Apple
An Australian businessman’s investment fund has divided locals after amassing hundreds of properties and becoming the largest single investor in family homes in the New York region.
Over the past three years, Alan Dixon’s fund has spent $610 million on residential property, buying nearly 600 houses and making his company the biggest investor in single family homes in New York.
Mr Dixon’s fund buys historic houses, many of them abandoned or rundown. They buy them cheap, renovate them, and turn them into luxury homes which command top dollar on the rental market.
The purchases are made entirely in cash, and real estate broker Victoria Hagman said Mr Dixon’s all-cash deals are driving up prices :: Read the full article »»»»
Posted: December 7th, 2014 | Author: Michael Courtenay | Filed under: GREEN, Urban Planning | Tags: Green Building, Urban Development Planning, Urban Planning, Urban Sprawl | Comments Off on Researchers warn ‘Treeless’ Suburbs Put People’s Health at Risk
Urban planners and researchers warn increasing housing density in Australian cities must not be at the expense of tree cover and its cooling benefits.
A pilot study done by a team from the University of Melbourne warned “treeless” outer suburbs were a risk to health and wellbeing :: Read the full article »»»»
Posted: August 5th, 2014 | Author: Michael Courtenay | Filed under: Business and Economy | Tags: Asia-Pacific, Asian Development Bank, Credit Corporation, Kiva, Microfinance, Poverty, Sisters of the Good Shepherd, Social Lending | Comments Off on Movable Asset Loans Set to Revolutionize Business Opps in Asia Pacific
Scooters, coracles, beasts of burden and even crop stocks are providing the poor in the Asia Pacific region with new business opportunities. It’s a huge leap of faith for usually stayed banks and finance companies, but ‘movable asset’ loans are taking off.
Intangible assets, goods that are easily hidden, lost or sold, present unique risks for financiers. Since the global financial crisis the appetite of bankers for taking unnecessary risk has significantly reduced.
To overcome this, countries wanting to offer movable asset loans are passing legislation to set up “secured transaction” registers, one lender in PNG – Credit Corporation – secures 90 percent of its loans against movable assets and all of those loans have gone to Indigenous entrepreneurs :: Read the full article »»»»