Economy

A major law firm has confirmed that it is mounting multiple court proceedings against the major banks for failing to make reasonable inquiries and verifications about their customers’ ...

Prospective home buyers have been “locked out” of the property market off the back of “alarming” price growth, with over a third of Australians unable to afford their own home at its current ...

A big four bank has reshuffled its leadership team, announcing that former NSW Premier Mike Baird is to head up retail banking and broker partnerships, among other changes.

A major bank has denied wrongdoing after the corporate regulator announced that it has commenced civil penalty proceedings against the bank for alleged contraventions of the Corporations Act

Despite their disproportionate market share compared to smaller lenders, the big four banks offer the lowest-value home loans, according to a new report.

The impact of the recent decline in credit demand could have broader ramifications on the Australian economy, rather than just affecting property prices, according to CoreLogic.

The non-major lender has appointed the former chief risk officer at Australia Post to its board of directors.

The full brunt of APRA’s macro-prudential caps has been realised in its latest banking statistics, with the regulator reporting drops in investor and interest-only loan approvals of $16

Recent mortgage rate increases and political instability have brought consumer confidence down to its lowest level in 2018, a new survey has found.

Australian banks could face “profitability challenges” as credit demand softens, funding pressures persist and inquiry recommendations limit lenders’ ability to offset costs, according to ...