Economy

Consumer spending falls by 42 per cent during the Melbourne Cup race, according to data from Commonwealth Bank.

A non-major lender has reported mortgage portfolio growth of $6.2 billion in the 12 months to September 2018.

The CEO of a big four bank is committed to reducing “churn”, particularly in the home loan market, as he believes the concept “doesn’t make a lot of sense”.

Home values have continued to fall, driven by declines in Sydney, Melbourne and Perth, against a backdrop of falling housing approvals, according to research from CoreLogic and the ...

Australia is the most vulnerable developed nation to a debt-induced economic slowdown and could be facing a $700 billion wipe-out in household wealth, according to a new report.

A non-major lender has announced the retirement of a non-executive director from the bank’s board.

The Australian Financial Complaints Authority officially opens today, becoming the new, single point of contact for financial industry complaints.

Enforceable undertakings are generally effective in deterring financial sector misconduct, but there are also areas of improvement, according to a study commissioned by ASIC.

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 ...