BRIEF-Fitch says Housing Downturn Could Pressure Australian Bank Ratings

April 29 (Reuters) -. * FITCH: HOUSING DOWNTURN COULD PRESSURE AUSTRALIAN BANK RATINGS. * FITCH- MORTGAGE PORTFOLIOS OF AUSTRALIA'S 4 MAJOR BANKS COULD WITHSTAND HOUSING MARKET DOWNTURN WITHOUT EXPERIENCING LOSSES THAT THREATEN
See Original Article

The nation's biggest mortgage lenders are boosting controls over brokers amid growing regulatory and political pressure to tighten commission payments, boost transparency and responsibility to borrowers. Bankwest, which is owned by Commonwealth Bank of Australia, the nation's largest lender,
See Original Article

No Risk Alert Here: Before we dive into any analysis we simply note that Valeant Pharmaceuticals International Inc (NYSE:VRX) risk is neither elevated nor depressed. We'll detail it below — but that's the lede — the option market is in a holding period with an IV30 of 57.43% versus the IV30 of the S&P
See Original Article

“Strength in the housing market also saw homeowners spending some of the windfall they perceive when the value of their house rises. The net effect has been more borrowing and more spending, with the low cost of borrowing reinforcing both of these trends.” High household debt had raised questions
See Original Article

Tasmania ranked fourth overall in economic performance — finishing behind New South Wales, Victoria and the ACT. Commsec senior economist Ryan Felsman told ABC Radio Hobart the economic data supports the idea of a tightening housing market. “Certainly, if you look at house price growth in
See Original Article

The Residential Landlords Association said property owners were not making “a fortune” out of tenants. Rising property prices have made it harder for millions of people to buy a home and the number of households renting privately has reached a 30-year high, according to the English Housing Survey.
See Original Article

Catherine Brenner has resigned as chair of the financial services giant AMP, effective immediately, to be replaced by Mike Wilkins who will be interim executive chairman. She is AMP's second high-profile casualty of the banking royal commission, after chief executive Craig Meller resigned over the
See Original Article

The former High Court justice, who is hearing the royal commission into the financial services sector, only a few years ago played a pivotal role in Federal politics. Sitting as the Court of Disputed Returns, it was Justice Hayne who decided the loss of 1370 ballots by the Australian Electoral Commission
See Original Article

Entitled to bragging rights, ACCC Commissioner Sarah Court announced: “This important precedent confirms the ACCC's view that overseas-based companies selling to Australian consumers must abide by our laws. If customers buy a product online that is faulty, they are entitled to the same right to a
See Original Article

Before e-commerce — now a $2.3 trillion worldwide market, according to eMarketer — disrupted the retail industry, nabbing a contract with a big-box retailer was an entrepreneur's ultimate goal. But nearly 7,000 retail stores closed last year, including some major sports retailers, and more are expected
See Original Article

“This research suggests that for the majority of mortgage holders, there would need to be multiple rate increases before the affordability of their repayments becomes an issue. “Housing market optimism remains at a five year low and this echoes the subdued house price performance and activity levels
See Original Article

Fallout from the Volkswagen emissions scandal has veered into Aspen, where two associated law firms have taken legal action against the Germany-based parent company of Audi. Attorneys Title Insurance Agency of Aspen LLC and Wright Law Aspen, which have adjacent office suites at 715 W. Main
See Original Article

Paul Urbaan Aime Verleysen, a German businessman who claims to be the owner of the property, accused the bank of advancing a Sh50 million loan to Samchi Telecommunications Ltd despite knowing that the title given as security was unlawfully acquired by the communication firm. ALSO READ:
See Original Article

CHICAGO TITLE COMPANY as the duly appointed Trustee under and pursuant to Deed of Trust Executed by: AS SHOWN BELOW, as Trustor, AS SHOWN BELOW, as Beneficiary, recorded on AS SHOWN BELOW as book AS SHOWN BELOW as Instrument No. AS SHOWN BELOW of Official Records of
See Original Article

CHICAGO, April 18, 2018 /PRNewswire/ — Home sales in the metropolitan Chicago area continued to lag last year's levels in March and throughout the first quarter of 2018, extending a trend that began in mid-2017, RE/MAX reports. First-quarter homes sales in the seven-county metro area totaled
See Original Article

Get Data Sheet, Fortune's technology newsletter. Bezos also bragged about Amazon's recent marketing campaigns, including its Prime Day event in July. He said that the company's Prime Day for 2017 was its “biggest global shopping event ever” until it was soon eclipsed by Cyber Monday, the day of
See Original Article

April 18 (Reuters) – KKR Real Estate Finance Trust Inc : * KKR REAL ESTATE FINANCE TRUST INC. ANNOUNCES SALE OF CMBS B-PIECES. * KKR REAL ESTATE FINANCE TRUST INC – DEAL FOR NET PROCEEDS OF $112.7 MILLION Source text for Eikon: Further company coverage:.
See Original Article

Porsche is the latest Volkswagen brand to be sucked into the ongoing diesel emissions cheating scandal that first erupted three years ago. German police and prosecutors raided a number of Audi and Porsche properties on Wednesday in search of documents as part of an investigation into two top
See Original Article

Wells Fargo is mourning an executive who died Tuesday on a Southwest Airlines flight. Jennifer Riordan, 43, was a community relations leader in New Mexico for the San Francisco-based bank, which has its biggest employee hub in Charlotte. “The Wells Fargo family is saddened to learn of the death of
See Original Article

Less than two years after former premier Christy Clark ended the self-regulation of B.C.'s real estate industry, the NDP is launching its own review of real estate regulators. “Our duty as a government is to make sure the regulatory system is protecting people and functioning effectively,” said Finance
See Original Article