Economy

US President Donald Trump signed a bill last week that will ease banking regulations implemented by the Obama administration following the global financial crisis.

Australia’s premium housing market has softened more than its more affordable segment, according to the latest CoreLogic Decile Report.

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.