Economy

AUSTRAC is seeking civil penalty orders against a big four bank over 23 million alleged breaches of anti money-laundering laws. 

The SME lender has announced that its loan originations have exceeded prospectus forecast figures, but revenue figures are set to miss the mark.

The federal government’s new affordable housing finance body has provided a multimillion-dollar loan to a community housing provider to help increase the supply of social and affordable ...

With the bedrock of Australia’s retirement system relying on home ownership, indefinitely delaying buying a home can have negative effects.

ANZ chief executive Shayne Elliott has revealed that he was sent three remediation letters from the bank, insisting that the company will refund every single customer it has wronged.

Property research group CoreLogic has found that the week ending 17 November resulted in the second-busiest auction week across the combined capital cities in Australia.

OPINION: The House of Representatives’ standing committee on economics has suggested that banks should automatically adjust borrower repayments when rates reduce, but is this in the economic ...

The central bank has noted lower mortgage arrears rates for more recent loans, attributing it to the effectiveness of tighter lending standards.

While the housing market has curbed its downward trajectory, meaningful growth is not yet expected, according to HIA’s chief economist.

In the absence of fiscal stimulus amid falling employment figures, the onus will be on the Reserve Bank of Australia to pull levers on monetary policy, according to AMP Capital’s senior ...