Economy

New data has revealed that the number of data breaches in the financial services industry has tripled since 2016.

Remediation and royal commission costs, among other expenses, are set to place added pressure on a big four bank’s bottom line.

The ratings agency has reiterated that the royal commission could deplete bank profits, but credit profiles will likely remain stable.

Major bank chiefs will appear before a parliamentary committee to answer questions on recently released royal commission findings.

The major bank’s customers will continue to have access to “over-the-counter” banking services at Australia Post following a renewal of the pair’s partnership.

OPINION: Using benchmarks for expenses has long been an accepted part of the mortgage application process, but the reliance on HEM is increasingly being called into question. The real ...

The non-bank lender has priced its second prime residential mortgage-backed securities (RMBS) transaction of 2018 at $600 million.

The CEO of a non-major lender has called for a “level playing field” for serviceability assessments in the mortgage market.

Fitch Ratings has maintained that sluggish improvements in the unemployment rate, stagnant inflation and exchange rate depreciation would deter the central bank from lifting the cash rate ...

The industry association has expressed support for a draft bill introduced by the federal government designed to reduce barriers to capital raising by mutual banks.