Economy

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 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

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

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 ...

Five million Australians could be getting thousands of dollars back from the major banks through what could be the largest class action suit in the nation’s history.

The mortgage insurance provider will be removed from the ASX index after no longer meeting selection criteria.

An increase in demand for home loans has been reported against a backdrop of a rise in refinancing commitments, the latest data from the ABS has revealed.