Economy

Marketplace lender Wisr has partnered with employee management company Smartgroup to extend the distribution of the lender’s financial wellness products to workforces across Australia.

The non-major is the latest lender to announce changes to its home lending policy, amid a wave of revisions that could increase borrowing capacity by up to 23 per cent, according to a new ...

RBA governor Philip Lowe has said that it is “reasonable” to expect an “extended period” of low interest rates, adding that it is “highly unlikely” that the central bank would consider hikes ...

The corporate regulator has confirmed that it will commence civil court penalty proceedings against the big four bank.

Debt-to-income ratios will likely play a larger part in increasing mortgage application rates than serviceability changes, the CEO of banking and wealth at Suncorp has said.

The Commonwealth Bank of Australia has cut savings rates by up to 25 basis points for its savings accounts, becoming the final big four bank to announce its changes.

The prudential regulator has required several banks to tighten their intra-group funding arrangements after they were found to be in breach of prudential standards.  

Queensland-based mutual lender Heritage Bank has announced that it will be opening its first interstate branches later this year, with two branches set to open in Sydney.

A new report from CoreLogic has identified stark shifts in the property market landscape across Australia’s major capital cities.

Three more lenders have announced cuts to their interest rate floors for home loan serviceability assessments in response to APRA’s new guidance.