Economy

The embattled wealth giant has confirmed that its statutory net profit fell by $820 million in 2018, due to costs associated with the royal commission, portfolio review and risk management ...

A non-major lender has reported an annual residential home loan portfolio growth of $6.1 billion.

The prospect of a possible rate cut by the RBA has helped lift consumer confidence in February, according to a new consumer sentiment survey.

The Australian Payments Network has revealed that Andy White will take over the reigns as its new chief executive.

Australia’s newest bank has partnered with wealth management platform Spitfire to enable its clients to access its soon-to-be launched deposit products.

AMP Capital has announced the appointment of Marsha Beck to its newly created role of managing director Australia.

The Prime Minister has said that he wants to “see people face consequences for their actions” in respect to misconduct in the financial services sector, following suggestions some players ...

A non-major bank has reported a slight growth in its residential mortgage lending portfolio in H1 FY19 against the backdrop of a “challenging” environment.

Non-bank mortgage provider Resimac has announced it will group credit bureau listings as single ‘credit events’ to make applying for a mortgage easier.  

AFCA has announced the appointment of a former Victorian Small Business Commissioner as its first dedicated small business ombudsman.