Economy

Small business lender Prospa has indefinitely delayed its float on the Australian Securities Exchange after consulting with its investment bankers.

Borrower repayment rates are dropping as a result of tighter underwriting standards, which have made it harder for mortgage holders to refinance, Fitch Ratings has reported.

Seven in 10 borrowers have been successful in haggling their lender for a lower mortgage rate, a new study has found.

The investment bank has cut its price targets on all of the major banks by an average of 7 per cent as tighter lending standards and the royal commission take a toll.

Treasurer Scott Morrison has said that the government response to the royal commission will need to be careful not to “create a self-fulfilling problem” by creating “unnecessary regulation” ...

ANZ, Citigroup, Deutsche Bank and six individuals have been called to appear in court next month to answer allegations of cartel conduct regarding an institutional share placement.

The Reserve Bank of Australia has noted that there may be further tightening of lending standards as the level of household debt remains high in the current low-rate environment.

The Reserve Bank of Australia has today announced the official cash rate for June following its monthly board meeting.

The Treasury has launched a consultation on the new mandatory comprehensive credit reporting regime, which will come into effect next month.

The Australian Securities and Investments Commission and the Australian Banking Association are yet to agree on terms of the new Code of Banking Practice, the financial services royal ...