Economy

The Australian government has revealed its nomination for the role of executive director at the International Monetary Fund.

Former prime minister John Howard has called on the financial services royal commission to “bear in mind the stability and contribution” of the banking sector before making its determination

A regional bank has revealed its full-year 2018 financial results, reporting a fall in residential mortgage settlements amid “challenging” conditions.

There are lessons to be learned from our American cousins after a national mortgage provider lost its discrimination case for calling older workers “dinosaurs”.

Bendigo and Adelaide Bank has announced changes to the group’s executive structure and team, centring around three key customer groups — consumer, business and agribusiness.

Five Australian lender s have agreed to improve their compliance measures and controls for deposit accounts, following an industry-wide review from the corporate watchdog.

A non-major lender has reported a 6.2 per cent rise in home lending, despite “high levels of competition, aggressive pricing across the industry, and slowing system growth”.

The total compensation bill for fees-for-no-service breaches in the financial sector could blow out to more than $850 million, Australia’s corporate regulator has revealed.

Reserve Bank governor Philip Lowe has said the central bank will be keeping a close eye on developments in credit and housing market conditions amid a sharp monthly decline in housing ...

Out-of-cycle rate rises are expected to continue, this time from the big four banks, according the majority of respondents to a new survey.