Economy

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.

NAB chief executive officer Andrew Thorburn has said that the bank needs to “fundamentally change” in order to win back the respect of the community, in light of a fall in the major’s ...

The ratings agency says that the big four would survive but collectively lose $24 billion if an “Ireland-style” housing downturn hits the Australian market.

Following the release of its scathing report into CBA, the head of the banking regulator has acknowledged that consumer trust in the financial sector has been significantly damaged.