Economy

High levels of household debt and higher interest rates are putting pressure on borrowers, with delinquencies set to rise in the coming quarters, according to Moody’s Investors Service.

A majority of borrowers are “burdened” by their mortgage, which they believe “limits their lifestyle”, according to new research.

The chair of APRA has placed pressure on the major banks to upgrade their legacy IT systems as they would not meet future prudential requirements.

The expiry of the interest-only period is set to place 13 per cent of property investors in financial stress, according to new research.

Fiscal stability has helped reaffirm Australia’s AAA credit rating, which could come under pressure if the housing market experiences a sharper decline, according to Standard & Poor’s

It could be worthwhile for retail banks to join forces with tech firms, or risk losing customers to the likes of Google and Facebook, according to the global consultancy firm.

The trajectory of the recent decline in property prices has been “unremarkable”; however, “several wild cards remain” that could trigger a sharper fall, according to one analyst.

The prudential regulator’s latest quarterly banking statistics prove that borrowers are seeking finance alternative from customer-owned banks as their trust in major banks fades, according ...

The lack of borrower understanding of interest-only loan terms, especially among owner-occupier households, is “concerning”, a global investment bank has warned.

A major bank has cut executive bonuses as it continues its efforts to regain public trust against the backdrop of the ongoing royal commission.