Economy

Mar 16 2020

ANZ, NAB, and Westpac, and a neobank have all announced cuts to interest rates on some of their savings accounts, following the Commonwealth Bank’s decision to do the same.

Mar 13 2020

The federal government has officially announced a $17.6 billion stimulus package designed to counter the downside impact of the coronavirus outbreak on the domestic economy.

Mar 13 2020

The central bank has slashed its bank rate by 50 bps in an effort to curb the economic impact of the coronavirus outbreak.

Mar 12 2020

The Reserve Bank has claimed that the impact of its rate cuts on credit quality would outweigh the strain on bank margins.

Mar 12 2020

The major banks have outlined support measures for consumers and business affected by the coronavirus outbreak.

Mar 11 2020

If a business turns a profit at the end of each year, the business must be safe, right? If you ask most small and medium business owners, they will tend to say yes. However, the profit & ...

Mar 11 2020

Prime Minister Scott Morrison will shortly release a stimulus package to help offset the “hydra-headed” impact of the coronavirus outbreak and has urged the business community to play their ...

Mar 11 2020

The non-major has reported a 9.7 per cent increase in its statutory net profit, helped by strong customer growth that contributed to a $3.1 billion rise in its mortgage portfolio.

Mar 10 2020

Suncorp Bank has announced it is removing all account keeping fees for its personal and business transition deposit customers, claiming it is the first of the major and regional banks to do ...