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ASIC report highlights a deep culture problem in Australia’s banks

An ASIC report detailing how financial advice was paid for but not given by Australia’s big four banks exposes a culture problem that the government needs to deal with, writes… Pat McConnell, Macquarie University In it’s latest report, the Australian Securities & Investments Commission (ASIC) found the big four banks sold products to some customers…

property bubble market burst house price correction future
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Housing Bubble Inflating, RBA Needs to Curb Demand

The Reserve Bank of Australia will need the Australian Prudential Regulation Authority to reign in home lending once again, or lift interest rates, or do both to avert a dangerous housing bubble. The housing market is currently at its second most overvalued point on record and now, given a combination of factors including loose monetary…

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