Economy

The big four banks will struggle to maintain profitability as residential mortgage lending eases and compliance costs rise, according to Fitch Ratings.

The wealth giant has said that it will “vigorously defend” itself against the two shareholder litigation suits it has been served, but reiterates and reaffirms its “unreserved apology” for ...

Small business lender Prospa is expected to list on the ASX next month should its current capital raising and bookbuild efforts prove successful.

The mortgage insurance provider has reported a 70.9 per cent decline in underlying profit for the first quarter of FY18 after realising gains from a rebalanced investment portfolio.

The Budget 2018–19 has been released, with the Treasurer announcing a range of changes, tax cuts and new initiatives for the year ahead.

Three directors on AMP’s board, including the chairman of its investment management business, will step down from the board as the fallout from the financial services royal commission ...

The Reserve Bank’s economic forecast is “too optimistic” and the central bank is unlikely to hike the cash rate until at least 2020, according to AMP.

Pushing borrowers from interest-only into principal and interest home loan contracts could be a counterintuitive approach to tackling the affordability crisis, the CFO of a non-major bank ...

Pushing borrowers from interest-only into principal and interest home loan contracts could be a counterintuitive approach to tackling the affordability crisis, the CFO of a non-major bank ...

Home values in Sydney and Melbourne dropped by 0.4 per cent in April, with property prices in Brisbane also dropping by 0.1 per cent.