Economy

The mortgage marketplace has announced that it has completed a capital raise designed to fund a shift in the group’s strategic direction.

An improvement in credit quality across Australia’s resource states has contributed to an overall decline in home loan delinquencies, according to the latest data from S&P.

Consumer confidence rose by 1 per cent week-on-week in the second week of January, following a 1.7 per cent fall in the first week of the year.

The “increasing frequency and severity” of natural disasters have highlighted growing risks to the credit quality of Australia’s residential mortgage portfolio, according to Moody’s Investor ...

Consumers in Australia reduced their total credit card balances by $2.45 billion in November 2019, bringing the level of debt accruing interest to its lowest point since 2006.

More lenders have pledged funds to bushfire relief efforts, including BOQ, while the Mortgage and Finance Industry Bushfire Relief fund has jumped in size and support.

The managing director and chief executive officer of MyState Ltd has announced his resignation and is to leave the company in July 2020, the bank has confirmed.

The ongoing bushfire crisis could result in a 0.4 per cent detraction from Australia’s gross domestic product, or up to 1 per cent should the fires continue throughout the rest of summer, ...

The ATO and the Treasurer have announced special tax measures for individuals and businesses impacted by the devastating bushfires.

A NSW-based adviser has been banned from providing financial services for four years, after ASIC found he failed to meet his best interests duty obligations.