Latest news (24,769 items)

Delayed settlement bad news for buyer and seller

Falling residential property values turned into a serious problem for both the seller and buyer of a Sydney property last year. A court has ruled that when the sale fell through because the buyer could not get finance, the buyer was then liable for the shortfall on the resale. A delayed settlement was at the heart of the problem. read more

‘All too easy’ to trash ANZ

A homily from David Gonski at Bluenotes is a start. But when it comes to releasing in full the self-assessment ANZ supplied to APRA nine months ago, the bank has no choice but to take this step, however compromising the content.“Three core areas requiring additional board involvement are ‘short-termism’, complexity and accountability,” Gonski said in an alarming little essay. read more

AD: What can Australia’s banks learn from Monzo?

Monzo, the UK neobank with moire than 2 million users and a unicorn valuation; They’re known for their “hot coral” cards, incredible app experience, loyal customers and innovative features. What can Australia’s banking sector learn from their success? Learn at at the Future Banking Forum, 9 to 11 October in Sydney. Banking Day readers receive 15% off the registration fee. read more

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