Economy

Global ratings agency Moody’s has joined a chorus of analysts forecasting tighter mortgage policies as a result of the royal commission’s intense scrutiny of bank lending.

Reserve Bank of Australia governor Philip Lowe has warned that China’s “highly indebted economy” poses a threat to prosperity in Australia.

The ratings agency has warned that a further tightening in lending standards could limit borrowers’ ability to reduce financial stress by refinancing their home loan.

Justice Beach of the Federal Court today found that a major lender engaged in unconscionable conduct under s12CC of the Australian Securities and Investments Commission Act 2001 (Cth) by its ...

The major bank has conceded to the royal commission that there were a “number of errors” in an “unacceptable” loan application it approved.  

The major bank has announced that it will be offloading its stake in a Chinese bank’s life insurance business to boost its capital position.

Australian insurer QBE has announced that it will commit a minimum of $100 million towards a range of initiatives, including affordable housing.

The Australian Banking Association has revealed that it has made further changes to its new draft Code of Banking Practice, which has been sent to ASIC for approval.

The ASX has begun calculating the Bank Bill Swap Rate (BBSW) using a new methodology that puts a greater emphasis on trade activity.

A key witness in the Hayne royal commission has revealed that loan guarantors have been victims of abuse, elder abuse, familial abuse and coercion.