Economy

Residential mortgage and deposit growth have offset a COVID-related hit to the non-major bank’s earnings.

The non-bank has successfully priced its PRS 27 transaction, issuing $1 billion worth of bonds backed by Australian mortgages.

The unemployment rate has continued to head north, despite over 100,000 Australians returning to work over the month of July.

ASIC has commenced civil penalty proceedings against a former equipment funder, which allegedly engaged in unlicensed credit activity.

The HomeBuilder package has halted the decline in new home sales, reversing a downward trend in the three months to May, according to new data.

ASIC has disclosed the preliminary litigation costs linked to its responsible lending case against Westpac.

Housing tax incentives and monetary and prudential policy settings have curtailed efforts to “arrest the slide” in social and affordable housing supply, according to findings from a new ...

Business confidence has tumbled, a trend evident prior to the stage 4 restrictions in Melbourne, highlighting the need for ongoing support for businesses.

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The prudential regulator is to recommence the issuing of new licences and restart its policy and supervision initiatives, which were temporarily suspended earlier this year due to COVID-19