Economy

The investment bank has cut its price targets on all of the major banks by an average of 7 per cent as tighter lending standards and the royal commission take a toll.

Treasurer Scott Morrison has said that the government response to the royal commission will need to be careful not to “create a self-fulfilling problem” by creating “unnecessary regulation” ...

ANZ, Citigroup, Deutsche Bank and six individuals have been called to appear in court next month to answer allegations of cartel conduct regarding an institutional share placement.

The Reserve Bank of Australia has noted that there may be further tightening of lending standards as the level of household debt remains high in the current low-rate environment.

The Reserve Bank of Australia has today announced the official cash rate for June following its monthly board meeting.

The Treasury has launched a consultation on the new mandatory comprehensive credit reporting regime, which will come into effect next month.

The Australian Securities and Investments Commission and the Australian Banking Association are yet to agree on terms of the new Code of Banking Practice, the financial services royal ...

Not too long ago, Australia’s big banks were asked by a parliamentary inquiry when they planned to introduce tracker mortgages. A quick look at the troubled Irish market will show ...

ANZ has announced that it has entered into an agreement to sell its New Zealand-based life insurance business, OnePath Life.

The chairman of APRA has downplayed the impact of the royal commission on the financial services industry, despite calling some of the revelations “disturbing”.