Economy

Pricing for mortgages is “opaque” and the cost and effort needed to search for discounts is “unnecessarily high”, the ACCC’s Residential Mortgage Price Inquiry has found.

The downward trend in home loan approvals reversed in October, but the spike is set to be short-lived, according to analysts.

The Customer-Owned Banking Association has welcomed the Coalition government’s joint party-room approval of legislation designed to reduce regulatory barriers for customer-owned lenders

The proportion of income required to service a home loan decreased nationwide over the September quarter 2018, according to joint research from Adelaide Bank and REIA.

Delinquencies underlying Australia’s mortgage portfolio increased over the year to September 2018 off the back of out-of-cycle interest rate increases and refinancing constrains, according ...

After considering the “future evolution of the industry”, a non-major bank has announced that it will discontinue its white-label loan products.

Significantly fewer Australians are opting to use the services offered by bank branches, according to new research from Roy Morgan.

A group executive of a non-major bank has resigned to assume a role as CEO of retail business.

ANZ CEO Shayne Elliott and Suncorp Bank CEO David Carter have both been reappointed to their respective roles of chair and deputy chair of the Australian Banking Association.

The Morrison government is set to introduce legislation designed to provide Australians with a Consumer Data Right, as an extension to the open banking regime.