Economy

The federal government is “out of touch” and should have addressed housing affordability in the 2018-19 budget, according to the Australian Greens.

A mortgage crackdown in the former British colony is creating serious consequences for borrowers and led to the emergence of a new breed of lender.

Virgin Money Australia has stated that the outcome of a foreign takeover bid initiated by a former NAB-owned lender will not impact the company.

The big four banks will struggle to maintain profitability as residential mortgage lending eases and compliance costs rise, according to Fitch Ratings.

The wealth giant has said that it will “vigorously defend” itself against the two shareholder litigation suits it has been served, but reiterates and reaffirms its “unreserved apology” for ...

Small business lender Prospa is expected to list on the ASX next month should its current capital raising and bookbuild efforts prove successful.

The mortgage insurance provider has reported a 70.9 per cent decline in underlying profit for the first quarter of FY18 after realising gains from a rebalanced investment portfolio.

The Budget 2018–19 has been released, with the Treasurer announcing a range of changes, tax cuts and new initiatives for the year ahead.

Three directors on AMP’s board, including the chairman of its investment management business, will step down from the board as the fallout from the financial services royal commission ...

The Reserve Bank’s economic forecast is “too optimistic” and the central bank is unlikely to hike the cash rate until at least 2020, according to AMP.