Economy

The total value of construction activity fell over the past quarter, albeit below market expectations.

The non-major bank has raised $250 million in capital, following the completion of a share placement designed to bolster its capital position.

The financial disputes body has announced the appointment of Anna Campbell to a newly created leadership position.

The non-major bank has announced several changes to its residential home lending policy, which include changes to the way it assesses borrower serviceability.

Housing in most areas across Australia has become more affordable relative to income over the past 10 years, with the exception of Sydney, Melbourne and Hobart.

S&P has upgraded the non-bank’s servicer rating off the back of an operational overhaul.

The ACCC has authorised official changes to the ABA’s Banking Code of Practice to better align with recommendations made by commissioner Kenneth Hayne.

The central bank remains prepared to cut rates further, despite growing concerns that monetary policy has “lost its potency”.

The non-major bank has announced that it will welcome a new chief operating officer on 2 December, following the departure of its current COO, Angela Middleton.

Stephen Edward Lonie, businessman and non-executive director of MyState Bank, has passed away aged 67, following a short illness.