Economy

The mortgage broking industry contributed nearly $2.9 billion to the Australian economy in 2017, supported more than 27,100 full-time workers and increased competition in the lending space, ...

The embattled wealth giant has lodged its defence to the shareholder class action filed by Quinn Emanuel in May, contesting allegations of failed disclosure to the market.

Satisfaction with the banks has dropped to a six-year low, driven by interest rate uncertainty and revelations of misconduct identified by the financial services royal commission, according ...

The prudential regulator has outlined why there is often so much divergence between borrowers and lenders over a four-letter word. It’s not personal. It’s just business.

Personal insolvencies in Australia rose by 5.6 per cent in the 2017–18 financial year, according to new data from the government.

Financial sector reviews have not changed the way Australian banks evaluate performance, the Finance Sector Union has told the royal commission.

A new study from the Reserve Bank of New Zealand (RBNZ) seeks to demonstrate how applying limits to loan-to-value ratios (LVR) helped de-risk the nation’s mortgage market.

Delinquencies on prime residential mortgages are rising while those on non-conforming mortgages are falling, the latest data from Standard & Poor’s has revealed.

The big four banks have responded to the royal commission’s call for a definition of what it means to act “fairly and reasonably” towards a customer in “a consistent and ethical manner”

The federal government, industry analysts and the Reserve Bank have weighed in on the impact of the recent slowdown in credit growth and weakness in the housing market.