Economy

A spike in credit provisions and COVID-related charges has triggered a 16 per cent fall in Heritage Bank’s earnings, offset by asset and deposit growth.

The central bank has left the door open to further reductions to the cash rate but has maintained its stance on negative interest rates.

The founder and director of a commercial lender has issued a warning over the growing phenomenon of “sleeper risk” loan applicants arising from COVID-19.

The neobank has partnered with Microsoft to develop a banking as a service platform, due to be released in 2021.

The auction market has recorded its highest combined capital city preliminary clearance rate since March, despite record-low auction volumes in Melbourne, according to data.

Fintech lender Lumi has announced plans to raise $20 million in capital to expand its team and market share over the next 12 months.

The onset of the coronavirus pandemic may be leading to a “two-speed rental market”, with inner-city property rental values more likely to fall compared with outer suburbs, according to new ...

The non-major lender is looking to bring in digital signatures and a new home loan platform this year, as it looks to digitise the loan process and help brokers write loans remotely.

The non-bank lender has wound back its serviceability policy after reducing its risk appetite in response to the COVID-19 crisis.

The big four bank has announced the migration of its online business banking tool, NAB Connect, to the cloud.