Economy

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.

Raising the private cost of “bad behaviour” for companies is key to deterring it, the chair of the ACCC has said.

Wealth management specialist Geoff Lloyd has been announced as the new chief executive of MLC, following NAB’s decision to exit its wealth management business.

Not a single bank boss made it into the top 10 list of the Australian Council of Superannuation Investors’ CEO Pay survey for 2017–18.

The impending Consumer Data Right could iron some of the kinks out of the home loan application process, the chair of the ACCC has suggested.