Economy

Not too long ago, Australia’s big banks were asked by a parliamentary inquiry when they planned to introduce tracker mortgages. A quick look at the troubled Irish market will show ...

ANZ has announced that it has entered into an agreement to sell its New Zealand-based life insurance business, OnePath Life.

The chairman of APRA has downplayed the impact of the royal commission on the financial services industry, despite calling some of the revelations “disturbing”.

A representative from the Financial Ombudsman Service (FOS) admitted that he was “wrong” when he ruled that a widow should pay her deceased husband’s business loans within 12 to 18 months

The financial services royal commission has heard from a Bankwest customer who was left with “no options” but to declare bankruptcy and sell his profit-generating hotel development.

A non-bank lender has settled a $750 million RMBS transaction, with assistance from NAB and Westpac.

A massive class action lawsuit is being planned on behalf of “Australian bank customers that have entered into mortgage finance agreements with banks since 2012”.

The mortgage brokerage’s share price has increased by more than 10 per cent since IHA Group lodged a substantial shareholder notice on Friday, 25 May.

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.