Economy

Australia can expect to recover most of the GDP in 2021 that it lost in 2020, but the official cash rate is set to remain at current levels, according to a report.

Australia’s mutual banks, building societies and credit unions recorded another year of growth in a challenging year with bushfires, floods and the COVID-19 pandemic, along with continued ...

The pandemic has forced more working Australians to rely on personal credit to cover expenses and debt, new research from AMP has shown.

The level of financial stress and “severe anxiety” rose sharply for workers in Melbourne during Victoria’s second COVID-19 lockdown, new research showed.

ASIC’s review of school banking programs has found that these schemes do not improve children’s savings habits.

The fintech lender has secured a second warehouse facility for renewable energy and personal lending.

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Banks may have to hold a large share of their required capital as “buffers” as part of proposed changes to the prudential regulator’s ADI capital framework.

The prudential regulator is updating its credit risk management standard, and may also look to amend the residential mortgage lending guidance, following the removal of responsible lending ...

Women have bounced back from the financial impact of the pandemic significantly faster than men, according to the Financy Women’s Index.