Economy

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.

A 16.4 per cent slump in new home loan volumes has been reported by APRA, contributing to a 12.6 per cent fall in profits.  

The central bank has conceded that further rate cuts are “more likely than not” in minutes released following its first monetary policy adjustment in almost three years.

Australia’s recent housing correction has been “orderly”, rather than concerning, according to HSBC’s chief economist.

Residential property prices continued sliding across Australia’s capital cities in the March quarter, according to the latest ABS statistics.