Economy

A Dubai-based investment company has become a 20 per cent shareholder in Xinja Bank after investing $433 million in the neobank.

The chief executive officer of the Tasmania-based banking and wealth management group, who was meant to step down in June, has agreed to stay in his role.

Clearance rates are expected to fall below 60 per cent for the first time since mid-2019, while home owners rush to sell their homes before the coronavirus panic impacts buying sentiment ...

A mutual bank has announced that it has appointed Greg McKenna as its new chief executive officer.

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgages market.

Loan relief being offered by lenders to those impacted by coronavirus would unlikely impact a borrower’s credit score, according to several lenders and credit reporting agencies.

Residential property prices could decline by as much as 20 per cent if the economic impact of the coronavirus outbreak leads to a material rise in unemployment, according to AMP.

Australia’s lenders will enable small-business customers to defer their loan repayments for six months in response to the economic fallout from the coronavirus outbreak.

The SME bank has signed a fully committed $350-million three-year debt facility with a global banking corporation.

The central bank has pulled its emergency lever, pre-emptively cutting the cash rate to a historic low in response to the economic fallout from the coronavirus pandemic.