Economy

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.

Standard & Poor’s has assigned definitive ratings to the latest residential mortgage-backed securities issuances of Mortgage House and Pepper Group.

The dispute resolutions body is seeking recruits for several newly created senior positions to support its transition into a new phase of operation.

Australia’s large banks have the financial resources to compete with emerging fintechs, while smaller banks may be left behind, according to a new Moody’s report.