Economy

Expected monetary policy adjustments in overseas markets could make it easier for banks to pass on cuts to the cash rate from the RBA, according to one economist.

Michael Andrew, a renowned tax and business leader, has passed away.

Two customer-owned banks have confirmed that they will merge next year to create “one of Australia’s largest nationally operating mutual banks”.

The Reserve Bank may be forced to rethink its monetary policy approach, with expected rate cuts in the US and Europe blurring the economic outlook.

Continued consolidation is needed to “neutralise” some of the disadvantages mutual banks face and compete on a more level playing field with the big four, a new S&P report has stated

Just 16 per cent of people choose to use a physical bank for their finance needs, with more than half of consumers opting to bank online, new research has found.

There’s a “very real chance” that the Reserve Bank will lower the cash rate three months in a row, according to ANZ Research.

Technology company Lakeba Group has appointed financial services specialist Roy McKelvie as a non-executive director, as the company prepares to launch into the banking sphere.

The demand for fixed-rate loans jumped back up in May after declining in the lead up to the 2019 federal election, new data has shown.

Bank of Queensland's chief financial officer has resigned from his post to "pursue other leadership opportunities", effective October 2019.