Economy

Deposit Assure is calling on brokers to close the deal with deposit bonds backed by A+ credit-rated insurers, following the shutdown of competing deposit bond provider Deposit Power.

Bluestone Mortgages has announced rate cuts of 75 to 105 basis points across its Crystal Blue product suite.

The Reserve Bank of Australia has announced its cash rate decision for March following its monthly board meeting.

Two of the big four banks have announced changes in their fixed rates.

Mortgage arrears have risen in December, bucking a four-month trend of declines, according to the latest data from Standard & Poor’s.

Sydney dwelling values have experienced the largest drop in the country over the last quarter, according to the latest CoreLogic research.

CUA chief Rob Goudswaard has said that the mutual’s half-year mortgage performance is consistent with the Productivity Commission’s observation that APRA’s curbs have negatively impacted ...

The global banking sector, which has benefited from its “inertia” for decades, is under cost pressure as it attempts to reconcile legacy IT systems with a newly digitised front end, says ...

A former Howard government minister will be appointed as chair of the Australian Financial Complaints Authority.

CHOICE consumer advocacy group has urged the Productivity Commission to abolish lenders mortgage insurance, arguing that it does not provide any value to borrowers.