Economy

Major banks will survive housing crash: Fitch
3 May 2018
mortgagebusiness

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.

'Severe hit' but run on banks 'unlikely': APRA boss
3 May 2018
mortgagebusiness

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.

Financial complaints body established, new board appointed
2 May 2018
mortgagebusiness

The Minister for Revenue and Financial Services has provided authorisation to Australian Financial Complaints Limited to establish and operate the Australian Financial Complaints ...

Bank names new group executive
2 May 2018
mortgagebusiness

A non-major lender has announced the appointment of its new group executive of customer banking.

‘Golden age’ of banking is over: ANZ CEO
2 May 2018
mortgagebusiness

Only the fit will survive as the banking sector’s golden age comes to an end, according to ANZ CEO Shayne Elliott.

Shock as RBA moves cash rate
1 May 2018
mortgagebusiness

The Reserve Bank of Australia has made known the official cash rate for May following its monthly board meeting, amid much speculation.

New cash rate record reached
1 May 2018
mortgagebusiness

The Reserve Bank of Australia has announced the official cash rate for May, setting a new record.

Surprise cash rate movement announced
1 May 2018
mortgagebusiness

The Reserve Bank of Australia has made known the official cash rate for May following its monthly board meeting, amid much speculation.

How the banks lost their way
30 April 2018
mortgagebusiness

A former employee of two major banks reveals why he believes the big four and AMP have found themselves in the witness box of a national inquiry.

Government boosts funding for remote housing
30 April 2018
mortgagebusiness

The federal government has reached an agreement with the Northern Territory government that is set to boost funding for remote housing by $550 million.