Economy

A big four bank has admitted to breaching responsible lending obligations in its issuance of home loans and has agreed to pay a $35-million civil penalty.

The Reserve Bank has revealed its cash rate decision for September, announced against a backdrop of out-of-cycle rate hikes from lenders. 

The Reserve Bank has surprised industry pundits with its September cash rate decision, announced against the backdrop of out-of-cycle rate hikes from lenders. 

The Reserve Bank has announced the official cash rate for September following its monthly board meeting. 

A “complex” market dynamic has inhibited the competitive ambitions of lenders, who are confronted with increased scrutiny in a softening market, according to one economist.

National dwelling values have continued to fall, with the latest CoreLogic data reporting a 0.3 of a percentage point drop in national home prices, down by 2.2 per cent since peaking in ...

Three in five Australians are unaware of the implications of the federal government’s comprehensive credit reporting regime, which could affect their borrowing prospects, according to new ...

A deposit bond provider has announced its re-entry into the Australian market after having to close shop temporarily.

S&P has downgraded its credit rating for AMP’s banking arm, citing damning revelations of misconduct aired during royal commission hearings.

The Reserve Bank has “misread” economic conditions, with a drop in the cash rate “highly conceivable” amid out-of-cycle hikes from lenders that could continue “within a few days”, according ...