Lender reports "sharp fall" in hardship applications (Australian Broker)

Non-bank lender Firstmac has reported the number of new applications received for COVID-19 related hardship arrangements has fallen faster than the group expected. According to Firstmac managing director Kim Cannon, a “full analysis” of the trusts in its $12.8bn loan book have shown the impact of the crisis is not accelerating in the way investors feared at the outset of the pandemic.

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29 Mar 2020

Aussie Government QE kicks off (LiveWire Markets)

The Australian government has initiated its part of a coordinated quantitative easing (QE) program that was announced by the Reserve Bank of Australia and the Treasurer, Josh Frydenberg, on 19 March. This is a big deal.

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