Economy

Apr 24 2020

The financial services group has taken a multibillion-dollar hit from the COVID-19 crisis, with AMP Bank the only division to consolidate its position.

Apr 24 2020

National housing values are yet to take a hit despite the economic fallout of COVID-19 and restrictions placed on the real estate market, according to CoreLogic.

Apr 23 2020

A director of Heritage Bank has stood down from her position on the board after 25 years.

Apr 23 2020

New statistics on jobs and wages reveal that the accommodation and food services industry shed a quarter of its jobs as a result of the coronavirus pandemic.

Apr 22 2020

RBA governor Philip Lowe has revealed that bank holdings have soared by over $80 billion in response to the current crisis, which Mr Lowe expects to trigger a 10 per cent plunge in national ...

Apr 22 2020

A considerable spike in home loan defaults is “not outside the realms of possibility” in the current environment but would not be probable given the introduction of relief assistance, ...

Apr 22 2020

COBA has welcomed the news that nine customer-owned banks have so far been selected as lenders for the government’s Coronavirus SME Guarantee Scheme.

Apr 22 2020

Domain has confirmed that a new online auction feature has been launched in a bid to make transacting easier and safer for agents and buyers amid the COVID-19 pandemic.

Apr 21 2020

An influx of deposit funding has slowed bank engagement with the Reserve Bank’s $90-billion term funding facility designed to facilitate low-cost lending to households and business.