Economy

Sep 14 2018

The non-major lender has appointed the former chief risk officer at Australia Post to its board of directors.

Sep 14 2018

Recent mortgage rate increases and political instability have brought consumer confidence down to its lowest level in 2018, a new survey has found.

Sep 13 2018

Australian banks could face “profitability challenges” as credit demand softens, funding pressures persist and inquiry recommendations limit lenders’ ability to offset costs, according to ...

Sep 13 2018

Five million Australians could be getting thousands of dollars back from the major banks through what could be the largest class action suit in the nation’s history.

Sep 12 2018

The mortgage insurance provider will be removed from the ASX index after no longer meeting selection criteria.

Sep 12 2018

An increase in demand for home loans has been reported against a backdrop of a rise in refinancing commitments, the latest data from the ABS has revealed.

Sep 12 2018

Home loan delinquencies have declined, repayment rates have risen and the annualised loss rate has remained stable, with credit quality unlikely to be affected by rising interest rates, ...

Sep 11 2018

Household debt risks “remain high” and could pose a threat to credit quality, with both banks and borrowers susceptible to “adverse shocks” in the economy, according to the Reserve Bank

Sep 11 2018

The changes that mortgage brokers will be required to adapt to in response to regulatory pressures are not necessarily replicable by the banks, an ABA representative has said.