Economy

The federal government has announced that the ACCC’s Rod Sims will maintain his chairmanship for another four years.

One of the “fundamental causes” of the “current crisis” in the financial sector is the “lack of competition”, which created a culture in which the major banks placed greater focus on ...

Borrowers are now less familiar with mortgage terminology than they were last year, according to new research from Gateway Bank.

The Reserve Bank is seeking public input on the functionality of the New Payments Platform launched in February.

One in five Australians believe that banks do what is “good, right and fair”, according to new research from Deloitte.

Treasurer Josh Frydenberg has announced that the federal government has finalised an agreement designed to provide a total of $2 billion in funding for housing and homelessness services in ...

The bank has announced that it is removing or reducing 20 fees across its deposit and lending products.

Labor leader Bill Shorten has called on the government to extend the financial services royal commission, stating that the banking scandals were “the biggest wake-up call that we’ve seen in ...

Increasing capital gains tax on rental homes will ultimately drive up house prices and “exacerbate” the nation’s affordability challenge, the Housing Industry Association has warned.

A non-major lender has said that a $129 million drop in its loan book was driven by slowed credit growth, conservative liquidity management and increased flows to non-banks.