Economy

Household debt levels continue to climb throughout 2017, reaching a new record high, according to recent data.

The Greens have called for the establishment of a government-owned “People’s Bank” backed by the Reserve Bank of Australia.

The design and implementation of remuneration practices at large financial institutions leave “considerable room for improvement”, the prudential regulator has warned.

The mutual bank has confirmed that Benn Wogan will fill the role of general counsel on a permanent basis.

Australia’s big four banks have recorded rises in their owner-occupied residential mortgage book, according to fresh figures from APRA.

An ASX-listed student loan marketplace is to expand into mortgages, with the expectation of rolling out the offering in the US by the end of the year.

The Reserve Bank of Australia has today announced the official cash rate for April following its monthly board meeting.

The Reserve Bank of Australia has announced its cash rate verdict for April, defying most of the industry’s expectations.

The Reserve Bank of Australia has reduced the official cash rate for the first time in over seven years, bringing it to a new record low.

Six of Australia’s largest non-major banks have cautioned the Productivity Commission over its recommendation to introduce a loan comparison tool, which the lenders claim could “mislead ...