Economy

A non-major lender has announced the retirement of its chairman and has appointed his replacement.

Consumers are “upbeat” about market conditions amid expectations of a rate cut from the RBA and the “major sentiment shift” in the housing market, according to an ANZ analysis of new ...

Just two weeks ago, with a Labor election win almost certain, analysts feared the housing slump would continue, but there are signs that the market is headed for a recovery.

Bank satisfaction is “trending up” after taking a hit during and immediately after commissioner Hayne’s 11-month inquiry into financial sector misconduct, according to Roy Morgan. 

Non-bank lender Firstmac has priced its largest residential mortgage-backed securities issuance at $1.4 billion.

Non-banks have hit back at “unfounded” claims from the CEO of an industry association, who has suggested that under APRA’s proposed changes, borrowers “won’t be forced” to seek “riskier” ...

The government’s low-deposit home loan scheme for first home buyers is “not a game changer” but could evolve over time if budgetary trends continue, according to one economist.

The NSW Supreme Court has selected Maurice Blackburn as the legal firm to take forward a shareholder class action against AMP.

The median time on market for a residential dwelling has almost doubled, reflecting subdued demand for housing amid falling property prices, a new analysis from CoreLogic has revealed.

NAB and Westpac are among the 56 banks to endorse the United Nations’ Principles for Responsible Banking that will be launched in September.