Economy

Dec 21 2017

Standard & Poor’s has revised its outlook for an Australian bank, because it believes that there is a lesser likelihood that the bank will implement adequate capital initiative to reduce ...

Dec 21 2017

Two major non-bank lenders have been acquired by American firms this year and rumours are swirling that more takeovers are on the horizon.

Dec 21 2017

A new banking code of practice, which includes new protections for guarantors, notification of loan default reporting and “no more unsolicited offers to increase credit card limits”, has ...

Dec 21 2017

The chairman of ANZ, David Gonski, has stressed the need for a restoration of confidence in the banking sector, pledging to adopt a “progressive” and “respectful” approach on community ...

Dec 20 2017

The minutes of the Reserve Bank of Australia’s most recent board meeting show that the board considered the recent slowdown in housing credit when making its cash rate decision.

Dec 20 2017

A forensic analysis conducted by the University of Technology Sydney has found bitcoin to be the “PayPal of the dark web”.

Dec 20 2017

The government has announced that its new National Housing Infrastructure Corporation will comprise a $1 billion National Housing Infrastructure Facility that will “fund infrastructure to ...

Dec 19 2017

A major bank’s subsidiary has appointed a new executive to its leadership team.

Dec 19 2017

Australian home loan arrears fell during the month of October, continuing the trend from previous months, S&P Global Ratings has reported.