Economy

The competition watchdog has announced temporary exemptions under Consumer Data Right due to the impact of COVID-19.

Mortgage relief assistance provided to borrowers in the wake of the COVID-19 pandemic would hide the “true effects” of the crisis on credit quality, according to S&P.

The major banks have launched support hotlines to streamline hardship relief applications from borrowers impacted by the COVID-19 crisis.

The Victorian government has announced that it is extending the First Home Owner Grant for an additional 12 months to support home buyers through the COVID-19 pandemic.

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.

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.

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

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.

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 ...

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, ...