Economy

Treasurer Josh Frydenberg has told the banks and regulators that they will face an inquiry down the track to ensure they have lifted their game post-royal commission. 

A CEO has welcomed the introduction of legislation that would “remove a handbrake” that has held back customer-owned banks from competing more fiercely with the majors.

An economy-wide open data system is inching closer to reality following the introduction of the Consumer Data Right bill into Parliament.

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 ...