Economy

Feb 13 2018

Australia’s banking sector has rallied behind the introduction of the New Payments Platform, designed to enable the instant, cross-institutional transfer of funds.

Feb 12 2018

The Treasury has released its final report on the review into open banking, with one of its claims being that the said banking model will “significantly ease” the process of applying for a ...

Feb 12 2018

A non-major lender is planning to expand its investment and interest-only portfolio after experiencing a sharper than expected decline in volume in the first half of the 2018 financial year

Feb 9 2018

Investors may be permanently dropping out of the residential lending market, according to an analysis of new data from the Australian Bureau of Statistics.

Feb 9 2018

The central bank has reiterated its concerns over record high levels of household debt and said that it has no plans to lift rates in the near future.

Feb 8 2018

The Productivity Commission’s scathing report on the mortgage industry reveals a significant lack of research and a pressing need for more accurate data.

Feb 8 2018

Lenders are charging borrowers with unnecessary premiums, leaving them thousands of dollars out of pocket, according to the Productivity Commission.

Feb 8 2018

The LMI provider has set up an offshore operation in Bermuda as part of a broader work program to redefine its core business model.

Feb 8 2018

The Productivity Commission estimates that lending curbs imposed by the banking regulator have cost Australian taxpayers $500 million a year, increased bank profits and reduced competition