Economy

Jul 23 2018

The prudential regulator has outlined why there is often so much divergence between borrowers and lenders over a four-letter word. It’s not personal. It’s just business.

Jul 23 2018

Personal insolvencies in Australia rose by 5.6 per cent in the 2017–18 financial year, according to new data from the government.

Jul 23 2018

Financial sector reviews have not changed the way Australian banks evaluate performance, the Finance Sector Union has told the royal commission.

Jul 20 2018

A new study from the Reserve Bank of New Zealand (RBNZ) seeks to demonstrate how applying limits to loan-to-value ratios (LVR) helped de-risk the nation’s mortgage market.

Jul 20 2018

Delinquencies on prime residential mortgages are rising while those on non-conforming mortgages are falling, the latest data from Standard & Poor’s has revealed.

Jul 19 2018

The big four banks have responded to the royal commission’s call for a definition of what it means to act “fairly and reasonably” towards a customer in “a consistent and ethical manner”

Jul 18 2018

The federal government, industry analysts and the Reserve Bank have weighed in on the impact of the recent slowdown in credit growth and weakness in the housing market.

Jul 18 2018

Raising the private cost of “bad behaviour” for companies is key to deterring it, the chair of the ACCC has said.

Jul 17 2018

Wealth management specialist Geoff Lloyd has been announced as the new chief executive of MLC, following NAB’s decision to exit its wealth management business.